Keurig Dr Pepper (KDP) beats earnings estimates in FQ4, revenue misses the mark

Keurig Dr Pepper Inc. (NASDAQ: KDP) reported its financial results for the fiscal Q4 on Thursday.

The company’s earnings per share (EPS) stood at $0.55, marginally surpassing the analyst predictions of $0.54. Revenue came in at $3.87 billion, slightly below the consensus estimate of $3.92 billion.

Looking ahead, Keurig Dr Pepper projects its net sales to grow at a mid-single-digit rate on a constant currency basis in 2024, with adjusted diluted EPS expected to increase in a high-single-digit rate.

Moreover, the impact of foreign currency translation is anticipated to negatively affect both net sales and EPS growth by roughly half a percentage point, the company said.

"2023 was a year of significant progress for KDP. Broad-based market share gains across our portfolio and entries into attractive white spaces supported our revenue momentum,” said Keurig Dr Pepper’s Chairman and CEO Bob Gamgort.

"We now enter 2024 with a high-quality foundation from which to grow, as we target performance in line with our long-term financial algorithm. Moreover, we head into 2024 with confidence and strategic focus, bolstered by our bold challenger culture and a refreshed, energized executive leadership team,” he added.

By Vahid Karaahmetovic

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