Keurig Dr Pepper Eyes Sales Growth to Slow in 2023
February 23 2023 - 7:27AM
Dow Jones News
By Dean Seal
Keurig Dr Pepper Inc. said it is targeting 5% sales growth in
2023 as the "relationship between pricing and inflation"
improves.
The Burlington, Mass.-based beverage company's outlook came as
it posted a 10.8% jump in 2022 sales to $14.06 billion. A 5%
increase from there would take sales to $14.76 billion. Analysts
polled by FactSet had been projecting 2023 sales of $14.85
billion.
The company said it is also expecting to post 6% to 7% growth in
adjusted earnings for the year. Adjusted earnings were up 5% in
2022 at $1.68 a share.
Shares edged less than half a percentage point lower to $35.63
in premarket trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 23, 2023 07:12 ET (12:12 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Keurig Dr Pepper (NASDAQ:KDP)
Historical Stock Chart
From May 2024 to Jun 2024
Keurig Dr Pepper (NASDAQ:KDP)
Historical Stock Chart
From Jun 2023 to Jun 2024
