Keurig Dr Pepper Inc. (KDP) Tops Q2 EPS by 2c, Revenues Beat; Offers FY20 EPS Guidance

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Go back to Keurig Dr Pepper Inc. (KDP) Tops Q2 EPS by 2c, Revenues Beat; Offers FY20 EPS Guidance

Keurig Dr Pepper Reports Strong Q2 2020 Results

July 30, 2020 6:30 AM EDT

BURLINGTON, Mass. and PLANO, Texas, July 30, 2020 /PRNewswire/ -- Keurig Dr Pepper Inc. (NYSE: KDP) today reported strong financial results for the second quarter ended June 30, 2020 and reaffirmed guidance for the year.

On a GAAP basis, net sales in the second quarter of 2020 increased 1.8% and diluted earnings per share totaled $0.21, compared to $0.22 in the year-ago period. Constant currency net sales in the second quarter advanced 2.9% versus year ago and Adjusted1 diluted EPS grew 10% to $0.33.

Commenting on the announcement, Chairman and CEO Bob Gamgort stated, "Since its formation in 2018, KDP has delivered... More