secwatch.observer — SEC 8-K summary
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Issuer:     Keurig Dr Pepper Inc. (KDP)
CIK:        0001418135
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001418135-23-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418135/000141813523000013/0001418135-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418135/000141813523000013/kdp-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001418135-23-000013

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