Keurig Dr Pepper Inc. (KDP) Tops Q3 EPS by 2c

Keurig Dr Pepper Inc. (NASDAQ: KDP) reported Q3 EPS of $0.39, $0.02 better than the analyst estimate of $0.37. Revenue for the quarter came in at $3.02 billion versus the consensus estimate of $2.96 billion.

KDP Outlook for 2020:

KDP net sales and Adjusted diluted EPS growth for the first nine months of 2020 were 3.8% and 16%, respectively. As a result, KDP expects constant currency net sales growth for the full year at the high end of its 3% to 4% guidance range. The Company also expects Adjusted diluted EPS growth for the full year at the high end of its 13% to 15% guidance range, or $1.38 to $1.40 per diluted share. The Company intends to invest any upside performance in marketing and innovation. Finally, the Company now expects its management leverage ratio in the middle of its of 3.5x to 3.8x range by year end 2020 and continues to expect its management leverage ratio to be below 3.0x within two to three years of the July 2018 merger closing.

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

You May Also Be Interested In

• Oppenheimer turns cautious on major U.S. banks, favors alternative asset managers
• Craig-Hallum Starts Aviat Networks (AVNW) at Buy
• Chip stocks hit record 19.7% of S&P 500, quadrupling since 2020