KDP Q3 net sales $3.81B (+5.1%), adj. EPS $0.48 (+4.3%); reaffirms FY guidance

Keurig Dr Pepper Inc.

2023-Q3 EPS reported $1.05 revenue$10,947,000,000

GAAP EPS $0.37 vs $0.13 YoY; adjusted EPS $0.48 vs $0.46 YoY.
U.S. Refreshment Beverages net sales +5.9% to $2.27B; U.S. Coffee -3.2% to $1.01B.
International net sales +20.8% to $523M (+12.9% constant currency).
Reaffirms FY2023 constant currency net sales growth 5-6% and adj. EPS growth 6-7%.
Announced partnership with Grupo PiSA for Electrolit sports hydration brand.

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 0.95

Keurig Dr Pepper Inc. updated its full year 2023 guidance (reaffirmed).

Period: full year 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the third quarter ended September 30, 2023 and reaffirmed its guidance for full year constant currency net sales growth of 5% to 6% and Adjusted diluted EPS growth of 6% to 7%.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Keurig Dr Pepper Inc. reported first nine months ended September 30, 2023 results: EPS $1.05.

Period: first nine months ended September 30, 2023
EPS: $1.05
Result: reported results

Exact text from the filing

Reported GAAP Basis Adjusted Basis 1 Q3 YTD Q3 YTD Net Sales $3.81 bn $10.95 bn $3.81 bn $10.95 bn

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Keurig Dr Pepper Inc. reported first nine months ended September 30, 2023 results: EPS $1.05.

Period: first nine months ended September 30, 2023
EPS: $1.05
Result: reported results

Exact text from the filing

Reported GAAP Basis Adjusted Basis 1 Q3 YTD Q3 YTD Net Sales $3.81 bn $10.95 bn $3.81 bn $10.95 bn % vs prior year 5.1% 6.8% 4.1% 6.2% Diluted EPS $0.37 $1.05 $0.48 $1.24 % vs prior year 184.6% 52.2% 4.3% 5.1% “ In the third quarter, we maintained healthy revenue momentum and delivered a significant gross margin inflection, helping to fund reinvestment in our brands and capabilities,” said Chairman and CEO Bob Gamgort.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Keurig Dr Pepper Inc. reported third quarter ended September 30, 2023 results: net income $518 million, EPS $0.37 per diluted share.

Period: third quarter ended September 30, 2023
Net income: $518 million
EPS: $0.37 per diluted share
Result: reported results

Exact text from the filing

guidance for full year constant currency net sales growth of 5% to 6% and Adjusted diluted EPS growth of 6% to 7%. Reported GAAP Basis Adjusted Basis 1 Q3 YTD Q3 YTD Net Sales $3.81 bn $10.95 bn $3.81 bn $10.95 bn % vs prior year 5.1% 6.8% 4.1% 6.2% Diluted EPS $0.37 $1.05 $0.48 $1.24 % vs prior year 184.6% 52.2% 4.3% 5.1% “ In the third quarter, we

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Keurig Dr Pepper Inc. reported third quarter ended September 30, 2023 results: net income $518 million, EPS $0.37 per diluted share.

Period: third quarter ended September 30, 2023
Net income: $518 million
EPS: $0.37 per diluted share
Result: reported results

Exact text from the filing

GAAP net income for the quarter increased 187.8% to $518 million, or $0.37 per diluted share, compared to $180 million, or $0.13 per diluted share, in the year-ago period.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Keurig Dr Pepper Inc. filing history →

Source: SEC EDGAR

accession 0001418135-23-000017

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