Keurig Dr Pepper Stock Slides After It Misses Sales Estimates, Buys Energy Drink Maker
Keurig Dr Pepper(KDP) Investopedia·2024-10-24 17:20Key TakeawaysKeurig Dr Pepper's revenue missed analysts' estimates as U.S. coffee sales slumped.The coffee and soft drink company also announced it was buying energy-drink maker GHOST Beverages. Keurig Dr Pepper will pay $990 million for a 60% stake in GHOST, and purchase the remaining 40% in 2028 at a price to be determined.The stock slid in Thursday trading. Keurig Dr Pepper (KDP) shares fell Thursday after the coffee and soft drink company posted worse-than-expected sales and announced it was purchasing ...