Keurig Dr Pepper meets expectations, driven by higher soda prices, with significant sales growth

From CNBC: 2024-07-25 10:44:09

Keurig Dr Pepper met analysts’ expectations with quarterly earnings and revenue fueled by higher soda prices, resulting in a 5% jump in shares. Second-quarter net income rose to $515 million and net sales increased by 3.5%. Dr Pepper overtook Pepsi as the second-most consumed soda in the U.S. as parent companies see varying results. Cold coffee sales remain a focus for the company as it emphasizes affordability and new products. International sales grew by 15.5% for the quarter. Keurig Dr Pepper maintains full-year outlook of constant revenue growth and increased earnings per share.



Read more at CNBC: Keurig Dr Pepper (KDP) Q2 2024 earnings