Keurig Dr Pepper Inc. (KDP) Reports Q2 EPS of $1.30; Offers 3Q EPS Outlook
Keurig Dr Pepper Inc. (NYSE: KDP) reported Q2 EPS of $1.30, versus $0.28 reported last year. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $2.86 billion.
Commenting on the announcement, Keurig Dr Pepper CEO Bob Gamgort stated, "With the merger of these two great companies now behind us, our focus is on integration, optimization and ensuring delivery of the financial expectations we established. We are very pleased with the progress to date. The integration, in particular, is well on track, as evidenced by the establishment of the new KDP leadership team, and we remain very confident in our promised synergies and the future of our new Company. On financials, the second quarter results reported today are fully consistent with our full year outlook for 2018, and we are equally confident in the longer-term value creation framework we shared at our March 20, 2018 Investor Day."
GUIDANCE:
Keurig Dr Pepper Inc. sees Q3 2018 EPS of $1.02-$1.07, versus the consensus of $1.04.
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