Welcome to our dedicated page for Keurig Dr Pepper news (Ticker: KDP), a resource for investors and traders seeking the latest updates and insights on Keurig Dr Pepper stock.
Keurig Dr Pepper Inc. (KDP) delivers beverages and innovative brewing systems across North America. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and market strategies.
Access official press releases and curated analysis covering earnings announcements, product innovations, sustainability initiatives, and partnership developments. Our repository ensures timely access to information impacting KDP's position in the non-alcoholic beverage sector.
Key coverage areas: quarterly financial results, new product launches, manufacturing advancements, and leadership updates. Bookmark this page to monitor how KDP balances its 125+ brand portfolio with evolving consumer preferences in coffee systems and liquid refreshments.
Keurig Dr Pepper (KDP) reported Q1 2023 results with net sales of $3.35 billion, reflecting an 8.9% year-over-year increase. Adjusted diluted EPS increased 3.0% to $0.34, while GAAP diluted EPS fell 19.5% to $0.33. The company reaffirmed its full-year guidance, projecting 5% net sales growth and 6%-7% EPS growth. Key drivers included a 12.7% increase in U.S. Refreshment Beverages sales, supported by successful new product launches. However, the at-home coffee segment saw a 1.3% decline in net sales, impacted by changing consumer mobility trends. Operating income also fell 39.5% due to prior year gains and inflationary pressures. Free cash flow was $16 million, with share repurchases totaling about $231 million.
Keurig Dr Pepper (NASDAQ: KDP) will announce its Q1 2023 financial results on April 27, 2023, prior to the market opening. The company will conduct a conference call at 8:00 AM ET on the same day to discuss these results with investors and analysts. Parties interested can join by calling (833) 629-0615 from the U.S. or Canada, or (412) 317-1824 internationally, mentioning the KDP conference.
A replay of the call will be available from April 27, 2023, 11:00 AM ET to May 11, 2023, accessible via (877) 344-7529 or (412) 317-0088 using conference ID 7814809. A live audio webcast and replay will also be provided on the company’s website.
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