earnings
confidence high
sentiment neutral
materiality 0.70
Keurig Dr Pepper Q2 2024: Net Sales $3.92B (+3.5%); reaffirms fiscal 2024 guidance
Keurig Dr Pepper Inc.
2024-Q2 EPS reported
$0.70
revenue$7,390,000,000
- GAAP diluted EPS $0.38, adjusted diluted EPS $0.45; adjusted EPS up 7.1% YoY.
- U.S. Refreshment Beverages net sales +3.3% to $2.4B; U.S. Coffee -2.1% to $1.0B.
- International net sales +15.5% to $0.6B on constant currency basis (volume/mix +10.4%).
- Adjusted operating margin 24.7%; operating cash flow $657M, free cash flow $543M.
- Reaffirms FY2024 guidance: mid-single-digit net sales growth, high-single-digit adjusted EPS growth.