Ghost will join the company's energy drink line-up.
KDP Q3 results reflect gains from sales growth in the International and U.S. Refreshment Beverages segments driven by growth in volume/mix.
Keurig Dr Pepper (KDP) shares fell Thursday after the coffee and soft drink company posted worse-than-expected sales and announced it was purchasing energy-drink maker GHOST Beverages in a deal that could end up worth more than $1 billion.
Keurig Dr Pepper Inc. (NASDAQ:KDP ) Q3 2024 Earnings Call October 24, 2024 8:00 AM ET Company Participants Jane Gelfand - Head, Investor Relations Tim Cofer - Chief Executive Officer Sudhanshu Priyadarshi - Chief Financial Officer and President, International Conference Call Participants Kaumil Gajrawala - Jefferies Brett Cooper - Consumer Edge Research Dara Mohsenian - Morgan Stanley Chris Carey - Wells Fargo Securities Robert Ottenstein - Evercore Operator Good morning, ladies and gentlemen and thank you for standing by. Welcome to Keurig Dr Pepper's Earnings Call for the Third Quarter of 2024.
The beverage giant came up short on the top line and surprised investors with an acquisition.
While the top- and bottom-line numbers for Keurig Dr Pepper (KDP) give a sense of how the business performed in the quarter ended September 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 $0.51 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.48 per share a year ago.
Keurig Dr Pepper has struck a deal to acquire energy-drink maker Ghost for more than $1 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The energy-drink market includes bigger rivals Monster Beverage and Celsius.
Evaluate the expected performance of Keurig Dr Pepper (KDP) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Keurig Dr Pepper's innovation, portfolio expansion, and Refreshment Beverages growth position it well for strong Q3 earnings.
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.