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Dec 31, 2023
Keurig Dr Pepper Q4 2023 Earnings Report
Keurig Dr Pepper's Q4 2023 performance was led by continued momentum in U.S. Refreshment Beverages & International.
Key Takeaways
Keurig Dr Pepper reported a 1.7% increase in net sales for the fourth quarter, reaching $3.9 billion. The company's performance was driven by U.S. Refreshment Beverages and International segments. GAAP diluted EPS increased 53.0% to $0.49, while adjusted diluted EPS increased 10.0% to $0.55.
Net sales increased 1.7%, driven by net price realization of 4.8%, partly offset by lower volume/mix of 3.7%.
GAAP operating income increased 40.1% to $943 million.
Adjusted operating income increased 6.5% to $1.1 billion, with adjusted gross profit growth of 9.7%.
Adjusted diluted EPS increased 10.0% to $0.55.
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 expects constant currency net sales growth in a mid-single-digit range and Adjusted diluted EPS growth in a high-single-digit range in 2024.