KDP Q2 net sales +6.6% to $3.79B; raises FY net sales outlook to 5-6%, reaffirms EPS guidance

Keurig Dr Pepper Inc.

2023-Q2 EPS reported $0.69 revenue$7,142,000,000

Q2 net sales $3.79B (+6.6% reported, +6.1% constant currency); GAAP EPS $0.36, adj. EPS $0.42 (+7.7% YoY).
U.S. Refreshment Beverages net sales +11.8% to $2.3B; U.S. Coffee -5.7% to $970M; International +10.9% to $489M.
Raised FY2023 constant currency net sales growth outlook to 5%-6%; reaffirmed adj. diluted EPS growth of 6%-7%.
Free cash flow $295M; repurchased $226M in shares (~7M shares at $32.34 avg).
CEO cited strength in U.S. Refreshment Beverages and International, expects sequential recovery in U.S. Coffee in H2.

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 second quarter ended June 30, 2023 results: revenue $3.79 billion, net income $503 million, EPS $0.36 per diluted share. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $3.79 billion
Net income: $503 million
EPS: $0.36 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Net sales for the second quarter of 2023 increased 6.6% to $3.79 billion, compared to $3.55 billion in the year-ago period.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Keurig Dr Pepper Inc. reported the first six months ended June 30, 2023 results: revenue $7.14 bn, EPS $0.69. Guidance raised.

Period: the first six months ended June 30, 2023
Revenue: $7.14 bn
EPS: $0.69
Guidance: raised
Result: reported results

Exact text from the filing

sales growth outlook to 5% to 6% and reaffirmed its guidance for Adjusted diluted EPS growth of 6% to 7%. Reported GAAP Basis Adjusted Basis 1 Q2 YTD Q2 YTD Net Sales $3.79 bn $7.14 bn $3.79 bn $7.14 bn % vs prior year 6.6% 7.7% 6.1% 7.4% Diluted EPS $0.36 $0.69 $0.42 $0.76 % vs prior year 140.0% 23.2% 7.7% 5.6% Commenting on the announcement, Chairman and

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Source: SEC EDGAR

accession 0001418135-23-000013

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