From Zacks Investment Research: 2025-04-25 11:56:00

Keurig Dr Pepper Inc. (KDP) exceeded expectations with its first-quarter 2024 results, reporting a 10.5% increase in adjusted earnings per share at 42 cents. The company’s net sales of $3.64 billion grew 4.8% year over year, driven by solid performance in U.S. Refreshing Beverages and the International segment. KDP reaffirmed its 2025 guidance, projecting mid-single-digit net sales growth and high-single-digit adjusted EPS growth. The company’s shares have gained 8.3% in the past three months. KDP also extended its partnership with Vita Coco. The company’s financial health remains strong with cash and cash equivalents of $653 million as of March 31, 2025.

In the U.S. Refreshment Beverages segment, KDP saw sales increase by 11% year over year to $2.32 billion, while sales in the U.S. Coffee segment dipped by 3.7% to $877 million. Sales in the International segment fell 6.3% to $435 million. The company’s adjusted gross profit rose 1.8% to $1.99 billion, with adjusted operating income increasing by 3.9% to $847 billion. KDP’s adjusted operating margin contracted by 50 bps year over year to 23.3%. The company’s long-term obligations stand at $12 billion, with total stockholders’ equity at $24.4 billion.



Read more at Zacks Investment Research: Keurig Q1 Earnings & Sales Beat, U.S. Refreshing Beverages Up 11% – April 25, 2025