Keurig Dr Pepper 4Q Sales Rise on Higher Prices as Profit Sinks
February 23 2023 - 7:19AM
Dow Jones News
By Dean Seal
Keurig Dr Pepper Inc. logged 12.1% sales growth in the fourth
quarter, stemming from higher prices and only a slight drop in
volumes, while its profit fell by 45%.
The Burlington, Mass.-based beverage company posted a profit of
$453 million, or 32 cents a share, down from $843 million, or 59
cents a share, in the same quarter a year ago.
Stripping out one-time items, adjusted earnings were 50 cents a
share, in line with analyst expectations.
Sales were $3.8 billion, up from $3.39 billion last year and
clearing analyst expectations for $3.78 billion, according to
FactSet.
Shares edged lower by less than half a percentage point to
$35.63 in premarket trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 23, 2023 07:04 ET (12:04 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Keurig Dr Pepper (NASDAQ:KDP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Keurig Dr Pepper (NASDAQ:KDP)
Historical Stock Chart
From Jul 2023 to Jul 2024
