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Keurig Dr Pepper Q2 Earnings Call Highlights
['Logan Wallace']
Ticker Report
Keurig Dr Pepper (NASDAQ:KDP) reported second-quarter results that exceeded its expectations, supported by strong growth in U.S. Refreshment Beverages and an incremental contribution from its acquisition of JDE Peet’s, which closed April 1.
Refreshment beverages lead growthChief Financial Officer Anthony DiSilvestro said consolidated net sales grew 74.6%, while legacy KDP sales increased 7.3%.
Segment operating income rose 11.9%, as sales growth and productivity savings more than offset cost inflation.
The JDE Peet’s segment generated approximately $2.8 billion in quarterly net sales and $414 million in operating income.
About Keurig Dr Pepper (NASDAQ:KDP)Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group.