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Mar 31, 2023
Keurig Dr Pepper Q1 2023 Earnings Report
Keurig Dr Pepper delivered strong net sales momentum, led by U.S. Refreshment Beverages.
Key Takeaways
Keurig Dr Pepper reported an 8.9% increase in net sales to $3.35 billion for Q1 2023, driven by favorable net price realization. The U.S. Refreshment Beverages and International segments showed strong performance, while U.S. Coffee had a slower start. The company reaffirms its guidance for full-year constant currency net sales growth of 5% and adjusted diluted EPS growth of 6% to 7%.
Net sales increased by 8.9% to $3.35 billion, with constant currency net sales also advancing 8.9%.
Favorable net price realization of 9.9% drove net sales growth, offset slightly by a 1.0% decrease in volume/mix.
U.S. Refreshment Beverages net sales increased by 12.7%, driven by innovation and effective in-market execution.
The company reaffirms its guidance for full-year constant currency net sales growth of 5% and adjusted diluted EPS growth of 6% to 7%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
KDP continues to expect net sales growth of 5% and Adjusted diluted EPS growth of 6% to 7% in 2023 on a constant currency basis, with foreign currency translation expected to be an approximate one half of one percentage point headwind to both metrics.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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