Earnings Alerts

Keurig Dr Pepper (KDP) 2Q Earnings: Net Sales Align with Estimates, Strong International Performance

  • Net Sales: Keurig Dr Pepper’s second quarter net sales totaled $3.92 billion, meeting the estimate of $3.91 billion.
  • US Refreshment Beverages: Net sales reached $2.41 billion, slightly below the estimate of $2.43 billion.
  • US Coffee: Net sales were $950 million, just under the estimate of $955.9 million.
  • International Sales: International net sales hit $565 million, surpassing the estimate of $531 million.
  • International Volume/Mix: At constant currency, international volume/mix increased by 10.4%, beating the estimate of 5.83%.
  • Full Year Outlook: Keurig Dr Pepper reaffirmed its fiscal 2024 guidance, expecting mid-single-digit growth in constant currency net sales and high-single-digit growth in adjusted diluted EPS.
  • Analyst Ratings: The stock has 10 buy ratings, 11 holds, and 0 sells.
  • Company Statement: “Strong execution drove our performance, as we continued to advance our long-term strategic agenda.” The company remains on track to meet its full-year outlook and is implementing initiatives for sustained growth.

Keurig Dr Pepper on Smartkarma

Analysts at Baptista Research on Smartkarma have shared insightful coverage of Keurig Dr Pepper Inc. The first report, titled “Keurig Dr Pepper Inc.: A Tale Of Building Momentum In U.S. Refreshment Beverages! – Major Drivers,” highlights KDP’s strong performance in the first quarter of 2024. The company saw solid consolidated sales growth and double-digit earnings per share (EPS) growth, driven by healthy momentum in its U.S. refreshment beverages and international segments, as well as a significant recovery in U.S. Coffee results. This positive start to the year has reinforced KDP’s growth outlook for 2024.

In another report, “Keurig Dr Pepper Inc.: Investing in Innovation & Expansion To Expand Market Share! – Key Drivers,” Baptista Research presents a mixed outlook for KDP based on recent earnings. While the company achieved growth in key business areas and expanded into high-growth markets through capital efficient partnerships, there is a note of caution regarding the heavy reliance on non-operational gains for the strong EPS growth. Despite these considerations, the analysts see potential for Keurig Dr Pepper to enhance its market share through continued innovation and expansion efforts.


A look at Keurig Dr Pepper Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts have assessed Keurig Dr Pepper’s long-term outlook using the Smartkarma Smart Scores. With a Growth score of 4 and a Momentum score of 4, the company is positioned well for future expansion and market performance. This indicates a positive trajectory in terms of both growth potential and market momentum.

While the company scored lower on Resilience and Value with scores of 2 and 3 respectively, its Dividend score of 3 suggests a stable dividend payout. Overall, Keurig Dr Pepper’s outlook appears to be promising for investors seeking growth and momentum in the non-alcoholic beverage sector.

Summary: Keurig Dr Pepper Inc. manufactures and distributes non-alcoholic beverages, serving customers in the United States, Canada, and Mexico. With a focus on soft drinks, juices, teas, mixers, and water, the company’s Smartkarma Smart Scores indicate a favorable long-term outlook, driven by growth potential and market momentum.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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