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July 29, 2021, 7:52 a.m. EDT

Keurig Dr. Pepper earnings and sales beat expectations

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By Tonya Garcia

Keurig Dr. Pepper Inc. /zigman2/quotes/201754990/composite KDP +1.55% reported second-quarter net income of $448 million, or 31 cents per share, up from $298 million, or 21 cents per share, last year. Adjusted EPS of 38 cents beat the FactSet consensus for 37 cents. Sales of $3.14 billion were up from $2.86 billion and also ahead of the FactSet consensus of $3.06 billion. Keurig Dr. Pepper maintained its adjusted EPS guidance for growth in the range of 13% to 15%. FactSet is guiding for EPS of $1.60, implying 14.6% growth. In addition to the namesake brands, Keuring Dr. Pepper's portfolio includes Green Mountain Coffee Roasters, Canada Dry and Snapple. Keurig Dr. Pepper stock edged up 0.5% in Thursday premarket trading, and has gained 10.4% for the year to date. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.97% is up 17.2% for the period.

/zigman2/quotes/201754990/composite
US : U.S.: Nasdaq
$ 34.08
+0.52 +1.55%
Volume: 977,896
Dec. 2, 2021 10:32a
P/E Ratio
28.13
Dividend Yield
2.20%
Market Cap
$47.59 billion
Rev. per Employee
$430,296
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/zigman2/quotes/210599714/realtime
US : S&P US
4,556.80
+43.76 +0.97%
Volume: 621.70M
Dec. 2, 2021 10:32a
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