Keurig Dr Pepper Shares Surge After Earnings Beat and Raised Sales Outlook

Core Insights - Keurig Dr Pepper Inc. (NASDAQ: KDP) shares increased over 6% in intra-day trading following the release of third-quarter results that met profit expectations and exceeded revenue forecasts, leading management to raise its full-year sales guidance [1] Financial Performance - The company reported adjusted earnings of $0.54 per share, aligning with analyst estimates. Revenue grew by 10.7% year-over-year to $4.31 billion, surpassing the consensus forecast of $4.15 billion, driven by strong performance in the U.S. Refreshment Beverages segment and improving U.S. Coffee business [2] - KDP raised its fiscal 2025 constant currency net sales growth outlook to a high-single-digit range, up from a prior mid-single-digit projection, while reaffirming high-single-digit adjusted EPS growth guidance [3] Segment Performance - The U.S. Refreshment Beverages unit experienced a 14.4% increase in net sales to $2.7 billion, supported by 11.2% volume/mix growth and a 3.2% gain from favorable pricing, with the acquisition of GHOST contributing 7.2 percentage points to the volume/mix increase [3] - The U.S. Coffee segment reported a 1.5% increase in net sales to $991 million, as 5.5% positive price realization offset a 4.0% decline in volume/mix [4] - The International segment saw a 10.5% rise in net sales to $580 million, with constant currency growth of 10.1% [4]