KDP Q1 net sales $3.35B (+8.9%); adj. EPS $0.34 (+3%); reaffirms FY outlook

Keurig Dr Pepper Inc.

2023-Q1 EPS reported $0.33 revenue$3,353,000,000

Net sales $3.35B (+8.9%); GAAP diluted EPS $0.33 (-19.5%), adjusted EPS $0.34 (+3.0%).
US Refreshment Beverages net sales +12.7% to $2.01B; US Coffee -1.3% to $931M.
International net sales +17.2% to $415M (+16.7% constant currency).
Free cash flow $16M; repurchased ~6.6M shares for $231M in Q1.
Reaffirmed FY2023 guidance: constant currency net sales growth ~5%, adj. EPS growth 6-7%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Keurig Dr Pepper Inc. reported the first quarter ended March 31, 2023 results: revenue $3.35 billion, net income $467 million, EPS $0.33. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $3.35 billion
Net income: $467 million
EPS: $0.33
Guidance: reaffirmed
Result: reported results

Exact text from the filing

while reinvesting in our business, and we remain confident in our 2023 outlook.” First Quarter Consolidated Results Net sales for the first quarter of 2023 increased 8.9% to $3.35 billion, compared to $3.08 billion in the year-ago period and, on a constant currency basis, net sales also advanced 8.9%. Driving the consolidated net sales growth was favorable net

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Keurig Dr Pepper Inc. filing history →

Source: SEC EDGAR

accession 0001418135-23-000008

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