Keurig Dr Pepper reported second-quarter revenue of $7.31 billion, beating analyst estimates of $7.24 billion and growing 75.6% year over year, driven by the JDE Peet's integration and strength in U.S. Refreshment Beverages. Adjusted EPS came in at $0.57 versus the $0.54 consensus, while the company reconfirmed full-year revenue guidance of $26.15 billion at the midpoint. Operating margin fell to 8.6% from 21.6% a year earlier, largely due to higher input costs in the U.S. Coffee segment. On the earnings call, CEO Tim Cofer highlighted double-digit sales gains in carbonated soft drinks, energy, and sports hydration, and said the search for a Global Coffee Co. CEO is on track. CFO Anthony DiSilvestro said easing input costs should support margin recovery in the second half.
Keurig Dr Pepper IncQ2 revenue and EPS beat estimates, with reaffirmed guidance.
Integration with Keurig Dr Pepper drove revenue growth.
