Keurig Dr Pepper (KDP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - For Q3 2024, Keurig Dr Pepper, Inc reported revenue of $3.89 billion, a 2.3% increase year-over-year, with EPS at $0.51 compared to $0.48 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $3.92 billion, resulting in a surprise of -0.82%, while EPS met the consensus estimate [1] Financial Performance Metrics - U.S. Coffee net sales were $976 million, below the average estimate of $984.86 million, reflecting a year-over-year decline of -3.6% [2] - International net sales reached $525 million, slightly below the average estimate of $554.78 million, with a year-over-year increase of +0.4% [2] - U.S. Refreshment Beverages net sales were $2.39 billion, slightly above the estimated $2.38 billion, showing a year-over-year growth of +5.3% [2] Stock Performance - Over the past month, shares of Keurig Dr Pepper have decreased by -2.3%, contrasting with the Zacks S&P 500 composite's increase of +1.5% [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]