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Jun 30, 2021
Keurig Dr Pepper Q2 2021 Earnings Report
Keurig Dr Pepper delivered double-digit growth in net sales and earnings per share.
Key Takeaways
Keurig Dr Pepper reported strong financial results for the second quarter ended June 30, 2021, with net sales increasing by 9.6% and Adjusted diluted EPS growing by 15.2%. The company raised its 2021 guidance for constant currency net sales growth to a range of 6% to 7% and reaffirmed its guidance for Adjusted diluted EPS growth in the range of 13% to 15%.
Net sales for the second quarter of 2021 increased 9.6% to $3.14 billion, driven by growth in each business segment.
GAAP operating income increased 31% to $734 million in the second quarter of 2021.
Adjusted diluted EPS advanced 15.2% to $0.38 in the second quarter of 2021.
Free cash flow totaled $492 million in the second quarter of 2021.
Keurig Dr Pepper
Keurig Dr Pepper
Forward Guidance
The Company raised its guidance for constant currency net sales growth to the range of 6% to 7%, from the previous range of 4% to 6%, and it reaffirmed its outlook for Adjusted diluted EPS growth in the range of 13% to 15%, with any over-delivery reinvested back into the business. KDP continues to expect its management leverage ratio to be at or below 3.0x at year-end.