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Keurig Dr Pepper
🇺🇸 NASDAQ:KDP
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•
Mar 31, 2024

Keurig Dr Pepper Q1 2024 Earnings Report

Keurig Dr Pepper reported strong Q1 2024 results, driven by consistent execution and a healthy business, and reaffirmed its full year guidance. Tim Cofer was appointed CEO and Board Member effective April 26, with Bob Gamgort to serve as Executive Chairman.

Key Takeaways

Keurig Dr Pepper reported a 3.4% increase in net sales to $3.5 billion for Q1 2024. Adjusted diluted EPS increased by 11.8% to $0.38. The company reaffirmed its fiscal 2024 guidance for constant currency net sales growth in a mid-single-digit range and Adjusted diluted EPS growth in a high-single-digit range.

Net sales increased by 3.4% to $3.5 billion.

Adjusted operating income increased by 17.5% to $825 million.

Adjusted diluted EPS increased by 11.8% to $0.38.

KDP reaffirmed its fiscal 2024 guidance for constant currency net sales growth in a mid-single-digit range and Adjusted diluted EPS growth in a high-single-digit range.

Total Revenue
$3.47B
Previous year: $3.35B
+3.4%
EPS
$0.38
Previous year: $0.34
+11.8%
Adjusted Op. Margin
23.8%
Gross Profit
$1.94B
Previous year: $1.74B
+11.2%
Cash and Equivalents
$317M
Previous year: $204M
+55.4%
Free Cash Flow
-$73M
Previous year: $16M
-556.3%
Total Assets
$52.3B
Previous year: $51.7B
+1.2%

Keurig Dr Pepper

Keurig Dr Pepper

Keurig Dr Pepper Revenue by Segment

Keurig Dr Pepper Revenue by Geographic Location

Forward Guidance

KDP reaffirmed its fiscal 2024 guidance for constant currency net sales growth in a mid-single-digit range and Adjusted diluted EPS growth in a high-single-digit range.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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