Keurig Dr Pepper Beats Revenue Expectations In Q2 With 3.5% Growth - 'Our Consumer-Centric Innovation Model Is Resonating In Market'
Portfolio Pulse from Nabaparna Bhattacharya
Keurig Dr Pepper Inc. (NASDAQ:KDP) reported better-than-expected Q2 revenue with a 3.5% growth, driven by a consumer-centric innovation model. Adjusted EPS aligned with expectations, and the company reaffirmed its fiscal 2024 guidance.
July 25, 2024 | 4:39 pm
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Keurig Dr Pepper Inc. (NASDAQ:KDP) reported Q2 revenue of $3.92 billion, slightly above analyst estimates, and a 3.5% increase in net sales. Adjusted EPS was 45 cents, in line with expectations. The company reaffirmed its fiscal 2024 guidance.
The positive revenue growth and alignment with EPS expectations, along with reaffirmed guidance, are likely to boost investor confidence and positively impact KDP's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100