Keurig Dr Pepper Stock Is Rising. Earnings Got a Boost From Refreshment Drinks. https://t.co/CfsXJ8Hu0K
$KDP (+2.0% pre) Keurig Dr Pepper (NASDAQ:KDP) Beats Q4 Sales Targets https://t.co/EizdCg30Qm
Keurig Dr Pepper, $KDP, 4Q-24. Results: ๐ Adj EPS: $0.58 ๐ข ๐ฐ Revenue: $4.07B ๐ข ๐ Net Loss: -$144M ๐ Strong U.S. Refreshment Beverages growth (+10.3%) offset declines in U.S. Coffee (-2.4%).

Keurig Dr Pepper Inc. (NASDAQ: KDP) reported its fourth-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $0.58, surpassing analyst expectations of $0.57. The company generated revenue of $4.07 billion, exceeding estimates of $4.01 billion. However, net income for the full year decreased by 33.9% to $1.4 billion, or $1.05 per share. The overall net sales for the year rose by 3.6% to $15.4 billion, with a constant currency increase of 3.9%. This growth was attributed to a volume/mix increase of 2.7% and favorable net price realization of 1.2%. Despite the positive revenue performance in the fourth quarter, the company reported a net loss of $144 million, largely due to declines in U.S. coffee sales, which fell by 2.4%. In contrast, the U.S. refreshment beverages segment saw a strong growth of 10.3%. Following the earnings announcement, KDP's stock rose by 2.0% in pre-market trading.