Keurig Dr Pepper Raises FY23 Sales Growth Outlook to 5% - 6%, Reaffirms EPS Growth Outlook at 6% - 7%
Portfolio Pulse from Benzinga Newsdesk
Keurig Dr Pepper (KDP) has raised its sales growth outlook for FY23 to 5%-6%, while reaffirming its EPS growth outlook at 6%-7%. The guidance is provided on a constant currency, non-GAAP basis. The company does not provide reconciliations of such forward-looking non-GAAP measures to GAAP measures due to unpredictable impacts outside of the company's control.
July 27, 2023 | 11:04 am
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POSITIVE IMPACT
Keurig Dr Pepper has raised its FY23 sales growth outlook, which could potentially lead to a positive market reaction.
The raised sales growth outlook indicates that the company is expecting better performance in the future, which could make the stock more attractive to investors. This could potentially lead to an increase in the stock price in the short term.
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