earnings
confidence high
sentiment positive
materiality 0.80
KDP reports 11% net sales growth in FY2022; guides to 5% growth and 6-7% adj. EPS growth in 2023
Keurig Dr Pepper Inc.
2022-FY EPS reported
$1.01
revenue$14,057,000,000
- Full-year net sales $14.06B (+10.8% reported, +11.1% constant currency); adjusted diluted EPS $1.68 (+5.0%).
- Q4 net sales $3.80B (+12.1% reported, +12.4% constant currency); adjusted diluted EPS $0.50 (+11.1%).
- Coffee Systems net sales +6.2% constant currency; Packaged Beverages +12.4%; Beverage Concentrates +16.4%; Latin America +23.0%.
- FY2023 guidance: constant currency net sales growth of 5%, adjusted diluted EPS growth of 6-7%; FX headwind ~0.5pp.
- Returned $1.5B to shareholders via dividends and share repurchases; leverage ratio 2.8x.