Keurig Dr Pepper Inc. (KDP) Tops Q1 EPS by 2c, Revenues Miss; Offers FY19 EPS Guidance
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Keurig Dr Pepper Reports Solid Start to 2019
May 9, 2019 8:01 AM EDTBURLINGTON, Mass. and PLANO, Texas, May 9, 2019 /PRNewswire/ -- Keurig Dr Pepper Inc. (NYSE: KDP) today reported financial results for the first quarter ended March 31, 2019 and affirmed guidance for Adjusted diluted EPS1 growth of 15% to 17% for the full year.
GAAP performance in the first quarter of 2019 was significantly impacted by the merger between Keurig Green Mountain and Dr Pepper Snapple Group, Inc., which was completed in July 2018. As a result, compared to the prior year period, net sales advanced 164% to $2.5 billion, operating income increased 180% to $498 million and earnings per diluted... More
