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BURLINGTON, Mass. and FRISCO, Texas -On Tuesday, Keurig Dr Pepper Inc. (NASDAQ:KDP) reported fourth-quarter results that exceeded analyst expectations.
The company’s shares were up 2.58% in trading following the announcement.
The beverage giant posted adjusted earnings per share of $0.58, beating the consensus estimate of $0.57. Revenue came in at $4.07 billion, surpassing expectations of $4.02 billion and representing a 5.2% increase YoY.
"In 2024, we delivered strong financial performance consistent with our long-term algorithm and advanced our strategy to lay the groundwork for KDP’s next phase of growth," said CEO Tim Cofer.
The company’s U.S. Refreshment Beverages segment was a key driver, with net sales rising 10.3% to $2.4 billion. This growth was fueled by volume/mix expansion of 7.5% and favorable net price realization of 2.8%.
However, the U.S. Coffee segment saw a 2.4% decline in net sales to $1.1 billion, despite a 1.1% increase in K-Cup pod shipments.
Looking ahead, Keurig Dr Pepper provided an optimistic outlook for 2025. The company expects mid-single-digit net sales growth and high-single-digit adjusted EPS growth on a constant currency basis. This guidance includes contributions from the recent GHOST acquisition.
Management noted that foreign currency translation could pose a 1-2 percentage point headwind to full-year top and bottom-line growth at current rates.
The company’s stock movement reflects investor approval of the results and forward guidance, suggesting confidence in Keurig Dr Pepper’s growth trajectory and strategic initiatives.
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