BUZZ-Keurig Dr Pepper gains on higher Q4 profit, net sales

Reuters
25 Feb
BUZZ-Keurig Dr Pepper gains on higher Q4 profit, net sales

** Shares of beverage company Keurig Dr Pepper KDP.O up 3.5% at $35.3 premarket

** Company expects its 2025 adjusted EPS to grow in high-single digit, compared with analysts' average estimate of a 6.2% increase, according to data compiled by LSEG

** Q4 net sales rise 5.2% to $4.07 billion

** On an adjusted basis, KDP earns 58 cents per share, up 5.5% over the year earlier. Analysts estimate 57 cents

** "We gained market share through exciting innovation, marketing and activation across our carbonated soft drinks and coffee brands, drove win-win outcomes with partner brands such as Electrolit and C4" - CEO Tim Cofer

** Bigger rival Coca-Cola KO.N beat profit and revenue expectations on the back of price hikes earlier this month

** KDP stock fell 3.6% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10