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Sep 30, 2023
Keurig Dr Pepper Q3 2023 Earnings Report
Keurig Dr Pepper reported strong Q3 2023 results, driven by net sales momentum and gross margin expansion.
Key Takeaways
Keurig Dr Pepper reported a 5.1% increase in net sales to $3.81 billion for Q3 2023. The company reaffirmed its full-year constant currency net sales growth guidance of 5% to 6% and adjusted diluted EPS growth of 6% to 7%.
Net sales increased by 5.1% to $3.81 billion, driven by price realization of 5.5%.
GAAP operating income increased 127.4% to $896 million.
Adjusted operating income increased 3.1% to $984 million, representing 25.9% of net sales.
The company reaffirmed its full year outlook and remains committed to delivering a strong Q4 with an improved composition of earnings.
Keurig Dr Pepper
Keurig Dr Pepper
Keurig Dr Pepper Revenue by Segment
Keurig Dr Pepper Revenue by Geographic Location
Revenue by Segment
International Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
KDP reaffirmed its 2023 guidance for constant currency net sales growth of 5% to 6% and Adjusted diluted EPS growth of 6% to 7%.