Keurig Dr Pepper Q3 2021 Earnings Report
Key Takeaways
Keurig Dr Pepper reported a 7.6% increase in net sales to $3.25 billion, driven by growth in each business segment. GAAP net income grew 20% to $530 million, or $0.37 per diluted share. The company raised its net sales growth guidance to 7-8% and reaffirmed its Adjusted diluted EPS growth guidance of 13-15% for the year.
Net sales for the third quarter of 2021 increased 7.6% to $3.25 billion.
GAAP operating income increased 5.6% to $795 million in the third quarter of 2021.
Adjusted diluted EPS advanced 12.8% to $0.44 in the third quarter of 2021.
The Company raised its guidance for constant currency net sales growth to the range of 7% to 8% and reaffirmed its outlook for Adjusted diluted EPS growth in the range of 13% to 15%.
Keurig Dr Pepper
Keurig Dr Pepper
Forward Guidance
The Company raised its guidance for constant currency net sales growth to the range of 7% to 8%, from the previous range of 6% to 7%, and reaffirmed its outlook for Adjusted diluted EPS growth in the range of 13% to 15%. KDP continues to expect its management leverage ratio to be at or below 3.0x at year-end.