- Keurig Dr Pepper Inc KDP reported second-quarter FY22 sales growth of 13.2% year-on-year, to $3.55 billion, beating the consensus of $3.38 billion.
- On a constant currency basis, net sales advanced 13.5% Y/Y.
- Net sales for Coffee systems grew 8.5%, Packaged beverages increased 12.8%, Beverage Concentrates gained 22.7%, and Latin American Beverages climbed 26.5%.
- Gross profit was nearly flat at $1.77 billion, with the margin at 50%. The operating margin was 16.1%, and operating income for the quarter fell 22.1% to $572 million.
- Adjusted EPS of $0.39 was in line with the Street view.
- The company held $554 million in cash and equivalents as of June 30, 2022.
- Outlook: Keurig Dr Pepper raised FY22 sales growth guidance to the low-double-digit range from the previous high-single-digit range.
- It reaffirmed its FY22 adjusted EPS growth outlook in the mid-single-digit range.
- Price Action: KDP shares traded higher by 2.94% at $38.20 on the last check Thursday.
- Photo Via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in