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Dec 31, 2024
Keurig Dr Pepper Q4 2024 Earnings Report
Keurig Dr Pepper reported revenue growth and improved adjusted earnings in Q4 2024.
Key Takeaways
Keurig Dr Pepper posted Q4 2024 revenue of $4.07 billion, representing a 5.2% year-over-year increase. Adjusted EPS grew 5.5% to $0.58, while GAAP EPS was impacted by goodwill and intangible impairments, resulting in a loss of $0.11 per share. U.S. Refreshment Beverages led growth with a 10.3% revenue increase, driven by strong volume/mix and price realization. The company also delivered significant free cash flow growth of 380.4% to $687 million.
Total revenue increased by 5.2% year-over-year to $4.07 billion.
U.S. Refreshment Beverages revenue grew 10.3%, led by carbonated soft drinks and Electrolit.
Adjusted EPS rose 5.5% to $0.58, while GAAP EPS declined due to impairments.
Free cash flow surged 380.4% to $687 million, driven by strong cash generation.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Keurig Dr Pepper expects mid-single-digit net sales growth and high-single-digit adjusted EPS growth for 2025.
Positive Outlook
- Expected net sales growth in the mid-single-digit range.
- Adjusted EPS projected to grow in the high-single-digit range.
- Continued strong momentum in U.S. Refreshment Beverages.
- Anticipated benefits from the recent GHOST acquisition.
- Free cash flow expected to remain strong, supporting capital investments.
Challenges Ahead
- Foreign currency translation expected to be a 1-2% headwind on revenue.
- Higher SG&A expenses due to increased marketing investments.
- Potential pressure on U.S. Coffee segment from category headwinds.
- Inflationary pressures could impact margins despite productivity savings.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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