Keurig Dr Pepper reported healthy second-quarter results with accelerating net sales, significant margin expansion, and solid EPS growth. The company reaffirmed its full-year guidance, expecting on-algorithm net sales and adjusted EPS growth in 2024.
Net sales increased by 3.5% to $3.9 billion.
Adjusted diluted EPS increased by 7.1% to $0.45.
U.S. Refreshment Beverages net sales grew by 3.3%, driven by price realization and volume/mix growth.
International net sales increased by 15.5%, reflecting broad-based strength across the portfolio.
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.
Visualization of income flow from segment revenue to net income