By Connor Hart
Keurig Dr Pepper fourth-quarter sales climbed higher as the company sold more beverages at higher prices, even as the company swung to a loss.
U.S. beverage sales at the maker of Canada Dry ginger ale and K-Cup coffee pods rose 10.3%, to $2.4 billion, driven by higher volumes and prices. The increase was partially offset by U.S. coffee sales, which fell 2.4%, to $1.1 billion. International sales edged higher, to $500 million.
Total sales increased 5.2%, to $4.07 billion, for the quarter. Analysts expected $4.01 billion.
The Burlington, Mass., company posted a loss of $144 million, or 11 cents a share, compared with $693 million, or 49 cents a share, a year earlier. The recent quarter was hurt by a $718 million impairment charge, the company said.
Adjusted earnings came in at 58 cents a share, just ahead of the 57 cents a share that analysts surveyed by FactSet expected.
For 2025, Keurig Dr Pepper guided for net sales growth in a mid-single-digit range, as well as adjusted per-share earnings growth in a high-single-digit range, both on a constant-currency basis.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 25, 2025 07:01 ET (12:01 GMT)
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