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Jun 30, 2022
Keurig Dr Pepper Q2 2022 Earnings Report
Reported strong Q2 2022 results and raised full-year net sales guidance.
Key Takeaways
Keurig Dr Pepper reported strong Q2 2022 results, with net sales increasing by 13.2% to $3.55 billion. The company raised its full-year net sales guidance to low-double-digit growth and reaffirmed its Adjusted EPS guidance for the year in the mid-single-digit range. Strong performance reflected balanced growth in all segments, with both pricing and volumes up in the quarter.
Net sales for the second quarter of 2022 increased 13.2% to $3.55 billion.
KDP in-market performance in the Liquid Refreshment Beverages (LRB) category remained exceptionally strong, with retail dollar consumption advancing 9.9%.
Coffee Systems net sales in the quarter advanced approximately 9%, reflecting the early completion of the Company’s coffee recovery program.
KDP raised its guidance for 2022 constant currency net sales growth to the low-double-digit range and reaffirmed its guidance for Adjusted EPS growth in the mid-single-digit range.
Forward Guidance
KDP raised its guidance for 2022 constant currency net sales growth to the low-double-digit range and reaffirmed its guidance for Adjusted EPS growth in the mid-single-digit range. The Company continues to expect Adjusted EPS growth in the second half of the year to reach the high-single-digit range, driven largely by the fourth quarter.
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