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Recap: Keurig Dr Pepper Q3 Earnings

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Shares of Keurig Dr Pepper (NASDAQ:KDP) rose 0.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 21.88% year over year to $0.39, which beat the estimate of $0.37.

Revenue of $3,020,000,000 rose by 5.23% from the same period last year, which beat the estimate of $2,960,000,000.

Guidance

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

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

Conference Call Details

Date: Oct 29, 2020

View more earnings on KDP

Time: 08:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1099/38322

Recent Stock Performance

52-week high: $32.00

Company's 52-week low was at $18.98

Price action over last quarter: down 8.83%

Company Description

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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