Keurig Dr Pepper Tops Q2 Reflecting Momentum In US Refreshment Beverages; Raises FY23 Sales Growth Outlook
Portfolio Pulse from Nabaparna Bhattacharya
Keurig Dr Pepper Inc. (NASDAQ:KDP) reported Q2 FY23 sales growth of 6.6% YoY to $3.789 billion, beating the consensus of $3.690 billion. Adjusted EPS of $0.42 beat the consensus of $0.40. The company raised its FY23 guidance for constant currency net sales growth to 5%-6%. KDP shares traded higher by 4.32% at $33.94 on the last check Thursday.
July 27, 2023 | 5:17 pm
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POSITIVE IMPACT
Keurig Dr Pepper reported strong Q2 FY23 results, beating consensus estimates and raising its FY23 sales growth outlook. This positive news led to a rise in the company's stock price.
Keurig Dr Pepper's strong Q2 FY23 results and raised FY23 sales growth outlook are positive indicators of the company's performance and future prospects. This news is highly relevant and important for investors, leading to increased confidence in the company and a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100