Home / Business and Economy / Keurig Dr Pepper Beats Estimates Amid Cold Drink Surge
Keurig Dr Pepper Beats Estimates Amid Cold Drink Surge
23 Apr
Summary
- First quarter revenue of $3.98 billion exceeded analyst expectations.
- Cold beverages revenue grew 12%, while international sales rose 20%.
- Company reaffirmed full-year sales outlook between $25.9B and $26.4B.
Keurig Dr Pepper has reported first-quarter financial results that exceeded analyst expectations for both revenue and earnings per share. The company's performance was buoyed by a robust 12% growth in cold beverage revenue and a remarkable 20% increase in international sales. These gains effectively compensated for a 2.3% decline in US coffee revenue, which was impacted by rising coffee prices affecting sales volumes.
Looking ahead, Keurig Dr Pepper has reaffirmed its full-year financial outlook, projecting net sales between $25.9 billion and $26.4 billion. The company also anticipates adjusted earnings per share growth in the low double-digit range. This financial stability comes as the company navigates a strategic overhaul, including the recent acquisition of JDE Peet's NV, with plans to split into separate beverage and coffee businesses later in 2026.
