Keurig Dr Pepper's international business posted 12.4% year-over-year net sales growth in the second quarter, driven by broad-based strength in Mexico and Canada. Volume mix contributed 6.5 percentage points to that growth while net price realization added 5.9 points, showing the gain was not solely pricing-dependent. Segment operating income was flat versus the prior-year period, as higher sales and productivity savings were offset by green coffee inflation, the Mexico beverage tax and increased marketing investments. Management expects the international business to deliver solid results over the balance of the year, though commodity inflation and other cost pressures could limit how much of the sales gain converts into profit growth. Keurig Dr Pepper carries a Zacks Rank #3 (Hold) and trades at a forward 12-month P/E ratio of 12.81X, below the industry average of 19.14X.
Keurig Dr Pepper IncInternational net sales jumped 12.4% on broad-based strength in Mexico and Canada, with volume mix adding 6.5 points
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