"Keurig Dr Pepper's cold beverages revenue grew by 12%, driven by higher volumes and price, while international revenue was up 20%, offsetting a 2.3% drop in US coffee revenue."
"With well-constructed plans in place, high-quality execution, and improving cost visibility as the year unfolds, we remain confident in our ability to deliver on our commitments."
Keurig Dr Pepper Inc. reported first-quarter revenue of $3.98 billion, exceeding analyst expectations. Cold beverage sales grew by 12%, while international revenue increased by 20%. These gains offset a 2.3% decline in US coffee revenue due to rising prices. The company completed its acquisition of JDE Peet's NV and plans to split into two entities. The outlook for the year remains positive, with net sales projected between $25.9 billion and $26.4 billion and adjusted earnings growth in the low double digits.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]