Keurig Dr Pepper Reports Q3 Results and Reaffirms Full-Year Adjusted Diluted EPS Guidance
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Keurig Dr Pepper Inc. (KDP) Tops Q3 EPS by 1c, Revenues Beat; Affirms FY19 EPS Guidance
November 7, 2019 7:38 AM ESTKeurig Dr Pepper Inc. (NYSE: KDP) reported Q3 EPS of $0.32, $0.01 better than the analyst estimate of $0.31. Revenue for the quarter came in at $2.87 billion versus the consensus estimate of $2.85 billion.
GAAP performance in the third quarter of 2019 was impacted by the merger between Keurig Green Mountain and Dr Pepper Snapple Group, which was completed on July 9, 2018. Compared to the prior year period, net sales advanced 5.1% to $2.87 billion, operating income increased 68% to $580 million and earnings per diluted share ("diluted EPS") grew 91% to $0.21.The net sales of $2.87 billion in the third quarter of... More