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Recap: Keurig Dr Pepper Q2 Earnings

Benzinga Insights
·2 mins read

Shares of Keurig Dr Pepper (NYSE:KDP) rose 1.8% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 10.00% over the past year to $0.33, which beat the estimate of $0.31.

Revenue of $2,864,000,000 up by 1.85% year over year, which beat the estimate of $2,790,000,000.

Looking Ahead

The upcoming fiscal year's EPS expected to be between $1.38 and $1.40.

The upcoming fiscal year's revenue expected to be between $11,454,000,000 and $11,565,000,000.

Details Of The Call

Date: Jul 30, 2020

View more earnings on KDP

Time: 08:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1099/35930

Price Action

52-week high: $32.00

Company's 52-week low was at $18.98

Price action over last quarter: Up 17.37%

Company Overview

Keurig Dr Pepper, the product of a 2018 merger between Dr Pepper Snapple and Keurig Green Mountain, is the third- largest nonalcoholic beverage company in North America. In addition to the eponyms, the firm's flagship brands include 7UP, Canada Dry, Schweppes, Mott's, and Bai. In terms of the value chain, the company situates itself at different positions depending on the segment (it reports four operating segments) and the product. It is primarily a brand owner in its beverage concentrates and Latin America beverages segments, as well as for the single-serve brewing machines within its coffee systems segment, and owns integrated production and distribution operations in its packaged beverages segment as well as for its K-cup pods.

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