Keurig Dr Pepper Inc. (NASDAQ:KDP ) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Jane Gelfand - Vice President of Investor Relations & Strategic Initiatives Tim Cofer - Chief Operating Officer Sudhanshu Priyadarshi - CFO & President of International Conference Call Participants Bryan Spillane - Bank of America Peter Grom - UBS Lauren Lieberman - Barclays Dara Mohsenian - Morgan Stanley Chris Carey - Wells Fargo Bonnie Herzog - Goldman Sachs Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Keurig Dr. Pepper's Second Quarter 2024 Earnings Call.
Keurig's (KDP) second-quarter 2024 results reflect impressive net sales trends, considerable margin growth and solid earnings improvement.
While the top- and bottom-line numbers for Keurig Dr Pepper (KDP) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Keurig Dr Pepper, Inc (KDP) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.42 per share a year ago.
Keurig Dr Pepper's second-quarter earnings and revenue met Wall Street's expectations. The company's U.S. coffee division struggled, while its domestic refreshment division saw higher sales, thanks to price increases.
Keurig Dr Pepper stock (NASDAQ: KDP) will report its Q2 2024 results on Thursday, July 25. We expect it to report revenues of $3.9 billion and earnings of $0.45 per share, aligning with the consensus estimates.
Keurig Dr Pepper's (KDP) second-quarter 2024 results are likely to reflect gains from brand strength and pricing actions. However, a sluggish Coffee unit is a concern.
Keurig Dr Pepper (KDP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Keurig Dr Pepper (KDP) gains from brand strength, significant pricing actions and a solid performance in its Refreshment Beverages segment.
Dr Pepper has been steadily gaining market share over the last few years, supported by a wider distribution strategy and strong brand investments. This progress is a microcosm of Keurig Dr Pepper, the parent company, which has grown top and bottom-line results rapidly since coming public in 2018. KDP shares are also attractively valued on a historical basis.
Here is how Keurig Dr Pepper, Inc (KDP) and Premier Foods PLC. (PRRFY) have performed compared to their sector so far this year.
Pepsi just ceded second place to Dr Pepper, but it still owns three brands in the top nine. Keurig Dr Pepper's portfolio is far bigger than just Dr Pepper, giving it multiple ways to grow and profit.