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Sep 30, 2022

Keurig Dr Pepper Q3 2022 Earnings Report

Keurig Dr Pepper reported strong net sales momentum, with growth in all business segments.

Key Takeaways

Keurig Dr Pepper reported strong Q3 2022 results, with net sales increasing by 11.4% to $3.62 billion. The company reaffirmed its full-year guidance for constant currency net sales growth in the low-double-digit range and Adjusted EPS growth in the mid-single-digit range.

Net sales for the third quarter of 2022 increased 11.4% to $3.62 billion.

Constant currency net sales advanced 11.8%, with all four segments growing sales.

Adjusted diluted EPS in the quarter increased 4.5% to $0.46.

KDP reaffirmed its 2022 guidance for constant currency net sales growth in the low-double-digit range and Adjusted EPS growth in the mid-single-digit range.

Total Revenue
$3.62B
Previous year: $3.25B
+11.4%
EPS
$0.46
Previous year: $0.44
+4.5%
Gross Profit
$1.9B
Previous year: $1.84B
+3.6%
Cash and Equivalents
$925M
Previous year: $200M
+362.5%
Free Cash Flow
$686M
Previous year: $676M
+1.5%
Total Assets
$51.4B
Previous year: $50.3B
+2.2%

Keurig Dr Pepper

Keurig Dr Pepper

Forward Guidance

KDP reaffirmed its 2022 guidance for constant currency net sales growth in the low-double-digit range and Adjusted EPS growth in the mid-single-digit range.