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

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

Keurig Dr Pepper Reports Strong Third Quarter Results

October 29, 2020 6:45 AM EDT

BURLINGTON, Mass. and PLANO, Texas, Oct. 29, 2020 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported strong financial results for the third quarter ended September 30, 2020 and strengthened guidance for the full year.

On a GAAP basis, net sales in the third quarter of 2020 increased 5.2% and diluted earnings per share totaled $0.31, compared to $0.21 in the year-ago period. Constant currency net sales in the third quarter advanced 5.8% versus year ago and Adjusted1 diluted EPS grew 22% to $0.39.

Commenting on the announcement, Chairman and CEO Bob Gamgort stated, "Since the beginning of the... More