Keurig Dr Pepper Inc. (NYSE: KDP) reported Q1 EPS of $0.29, $0.02 better than the analyst estimate of $0.27. Revenue for the quarter came in at $2.61 billion versus the consensus estimate of $2.55 billion.

GUIDANCE:

Keurig Dr Pepper Inc. sees FY2020 EPS of $1.38-$1.40, versus the consensus of $1.36.

• The impacts and volatility of COVID-19 are expected to be significant in 2020, and the timing and pacing of re-opening the economy and ultimately transitioning into what is likely to be a new normal are highly uncertain. Nevertheless, given the Company's broad portfolio and unmatched distribution network that spans seven distinct routes to market, KDP is reaffirming its guidance for 2020.
• Specifically, for the full-year 2020, KDP expects constant currency net sales growth in the range of 3% to 4%, with performance likely at the low end of the range. The Company expects full-year 2020 Adjusted diluted EPS growth in the range of 13% to 15%, or $1.38 to $1.40 per diluted share, given the significant visibility and control the Company maintains over its cost structure, including aggressive cost management, productivity programs and merger synergies. As such, the Company continues to expect its management leverage ratio in the range of 3.5x to 3.8x at year end 2020 and its management leverage ratio to be below 3.0x in two to three years from the July 2018 merger closing.

For earnings history and earnings-related data on Keurig Dr Pepper Inc. (KDP) click here.