Keurig Dr Pepper (KDP) Q3 Earnings And Sales Beat Estimates
Zacks Investment Research | Nov 07, 2019 10:09PM ET
Keurig Dr Pepper Inc. (NYSE:KDP) reported third-quarter 2019 results, wherein sales and earnings beat the Zacks Consensus Estimate and improved year over year. Results benefited from strong underlying sales growth, margin expansion and reduced debt. Backed by strong results, shares of the company gained 5.9% on Nov 7.
Adjusted earnings of 32 cents per share improved 6.7% year over year and surpassed the Zacks Consensus Estimate of 31 cents. This improvement was driven by strong underlying growth across all segments, adjusted operating margin expansion and reduced indebtedness.
Keurig Dr Pepper, Inc Price, Consensus and EPS Surprise
industry ’s growth of 10.5%.
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