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Stock impact report

Keurig Dr Pepper's Stock Declines On A Third-Quarter Miss [Forbes]

Keurig Dr Pepper Inc. (KDP) 
Last keurig dr pepper inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Forbes
The new logo for Keurig Dr. Pepper appears above a trading post on the floor of the New York Stock Exchange, Thursday, July 12, 2018. (AP Photo/Richard Drew) Keurig Dr Pepper (NYSE: KDP) reported its first earnings as a combined company, posting a 2.9% growth in sales, 240 basis points improvement in the operating margin, and an EPS of $0.30, versus $0.21 last year. However, its performance failed to match consensus expectations, resulting in a fall in the stock price. The company stated that its retail market performance remained strong in the quarter, with market share gains noted in CSD, coffee portfolio, and flavored water, resulting in revenue growth. Meanwhile, the earnings improvement was primarily due to the reduction in the effective tax rate. For the full year, the company is anticipating the adjusted diluted EPS to be in the range of $1.02 to $1.07. Furthermore, KDP expects the merger synergies to total $600 million over the 2019-2021 period, wit Show less Read more
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