Keurig Dr Pepper Q4 2022 Earnings Report
Key Takeaways
Keurig Dr Pepper reported a 12.1% increase in net sales for the fourth quarter of 2022, driven by a 13.1% increase in net price realization, partially offset by a 0.7% decrease in volume/mix. Adjusted diluted EPS increased by 11.1% to $0.50. The company provided guidance for 2023, expecting net sales growth of 5% and Adjusted diluted EPS growth of 6% to 7%.
Drove double-digit net sales growth of 11%, significantly ahead of the Company’s initial guidance of mid-single-digit growth and in line with its guidance update in the second quarter.
Delivered Adjusted diluted EPS growth of 5%, in line with the Company’s mid-single-digit guidance.
Grew market share in Cold Beverages in categories representing 92% of the Company’s U.S. retail sales base.
Expanded the Keurig brewing system to 38 million U.S. households, a 10 million household increase since 2018.
Keurig Dr Pepper
Keurig Dr Pepper
Forward Guidance
KDP expects net sales growth of 5% and Adjusted diluted EPS growth of 6% to 7% in 2023, primarily reflecting an improved relationship between pricing and inflation. Foreign currency translation is expected to approximate a half of one percentage point headwind to both net sales and Adjusted EPS growth.
Positive Outlook
- Net sales growth of 5%
- Adjusted diluted EPS growth of 6% to 7%
- Improved relationship between pricing and inflation
Challenges Ahead
- Foreign currency translation is expected to approximate a half of one percentage point headwind to both net sales and Adjusted EPS growth.