Keurig Dr Pepper Reports Q4 2023 Net Sales $3.87B, EPS $0.49, Provides 2024 Outlook

Keurig Dr Pepper Inc.

2023-FY EPS reported $1.55 revenue$14,814,000,000

Q4 net sales $3.87B (+1.7%), GAAP EPS $0.49 (+53.1%), adjusted EPS $0.55 (+10.0%)
Full-year 2023 net sales $14.81B (+5.4%), adjusted diluted EPS $1.79 (+6.0%)
U.S. Refreshment Beverages sales rose 9.1% to $8.8B with market share gains in ~85% of portfolio
2024 guidance: mid-single-digit net sales growth, high-single-digit adjusted EPS growth
Returned over $1.8B to shareholders in 2023 via dividends and repurchase of 22 million shares

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Keurig Dr Pepper Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $14.8 billion, EPS $1.55 per diluted share. Guidance initiated.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $14.8 billion
EPS: $1.55 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

of GAAP results to Adjusted results on a constant currency basis in the accompanying tables. 2023 Full Year Consolidated Results Net sales for the full year increased 5.4% to $14.8 billion. On a constant currency basis, net sales advanced 4.9%, driven by net price realization of 7.0%, partly offset by lower volume/mix of 2.1%. This performance reflected the

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Source: SEC EDGAR

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