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Stock impact report

Keurig Dr Pepper reports upbeat Q1 on steady demand, price hikes [Reuters]

Keurig Dr Pepper Inc. (KDP) 
Last keurig dr pepper inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Reuters
Shares of the Burlington, Massachusetts-based company were up about 3% in premarket trading. Demand for the company's popular soft drinks like 7UP and Sun Drop citrus soda, and Schweppes tonic water held steady as lower-income consumers stretched their budgets to spend on at-home meals and beverages. Price increases undertaken over the past quarters have helped beverage makers like Keurig Dr Pepper shield their margins from rising costs of coffee, a key source of the caffeine in their beverages. The company's prices were up 3.1%, while volumes were flat in the quarter. Larger peer reported better-than-expected quarterly results earlier this week, but still saw volumes decline. Keurig Dr Pepper posted adjusted profit of 38 cents per share for the quarter ended March 31, marginally above analysts' estimates of 35 cents per share. The company posted net sales of $3.47 billion, compared to analysts' estimate of $3.41 billion according to LSEG data. The ready-to-drink tea make Show less Read more
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