Keurig Dr Pepper Inc. (NASDAQ:KDP) shares rose after delivering a clean earnings beat and showing pricing power across key segments.
Quarterly Earnings
The company, which owns brands such as Dr Pepper, 7Up, Snapple and Green Mountain Coffee, reported first-quarter adjusted earnings per share of 39 cents, beating the analyst consensus estimate of 37 cents. Quarterly sales of $3.976 billion (+9.4% year over year) outpaced the Street view of $3.838 billion.
On a constant currency basis, net sales advanced 8.1%, driven by favorable net price realization of 5.5% and volume/mix growth of 2.6%.
U.S. …