KEURIG DR PEPPER Reports Second Quarter Earnings Results for 2023
July 29, 2023
🌥️Earnings Overview
On July 27 2023, KEURIG DR PEPPER ($NASDAQ:KDP) announced their financial results for the second quarter ending June 30 2023. Total revenue reached USD 3789.0 million, demonstrating a 6.6% rise compared to the same quarter of the prior year. Net income increased 130.7%, reaching USD 503.0 million compared to the same period of the previous year.
Share Price
This strong performance was mainly driven by an increase in the sale of its non-alcoholic beverages and snacks. The company also announced that it had acquired several brands during the quarter, including Hot Beverage brands, Sparkling Beverage brands and Ready-To-Drink Tea and Coffee brands. This acquisition is expected to strengthen the company’s presence in the global market as well as accelerate its growth. Investors should be pleased with the company’s progress and notable accomplishments during the quarter and remain optimistic about its future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for KDP. More…
| Total Revenues | Net Income | Net Margin |
| 14.57k | 1.6k | 13.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for KDP. More…
| Operations | Investing | Financing |
| 1.95k | -1.21k | -1.03k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for KDP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 51.8k | 26.53k | 18.09 |
Key Ratios Snapshot
Some of the financial key ratios for KDP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | 7.7% | 16.9% |
| FCF Margin | ROE | ROA |
| 10.7% | 6.1% | 3.0% |
Analysis
GoodWhale has analyzed the fundamentals of KEURIG DR PEPPER and based on our Risk Rating, we believe it is a medium risk investment. This means that while there are certain financial and business aspects that could be viewed as positive, there are also certain risks associated with the company. We have detected 1 risk warning in the balance sheet. To get a better understanding of this risk and the other financial and business aspects of KEURIG DR PEPPER, become a registered user and use our tools to explore further. More…
Peers
In the beverage industry, Keurig Dr Pepper Inc competes with PepsiCo Inc, Coca-Cola Co, Coca-Cola Consolidated Inc, and other companies. The company has a portfolio of products that includes coffee, tea, and water. It also offers a variety of packaging options for its products.
– PepsiCo Inc ($NASDAQ:PEP)
PepsiCo Inc is a global food and beverage company with a market cap of 250.16B as of 2022. The company has a Return on Equity of 45.25%. PepsiCo is a leading provider of convenient snacks, foods and beverages, with operations in more than 200 countries and territories. The company’s products are marketed under a variety of iconic brands, including Pepsi, Lay’s, Gatorade, Quaker and Tropicana.
– Coca-Cola Co ($NYSE:KO)
Coca-Cola Co is a beverage company that manufactures and markets non-alcoholic syrups and concentrates. The company has a market cap of 258.82B as of 2022 and a Return on Equity of 35.17%. The company offers a wide range of products including sodas, juices, sports drinks, and waters. It operates in over 200 countries and has a global workforce of over 130,000 people.
– Coca-Cola Consolidated Inc ($NASDAQ:COKE)
Coca-Cola Consolidated Inc is one of the world’s largest beverage companies. The company produces, markets and sells a variety of non-alcoholic beverages, including soft drinks, juices, bottled water, sports drinks and teas. Coca-Cola Consolidated Inc has a market cap of 4.57B as of 2022 and a Return on Equity of 29.91%. The company operates in over 200 countries and employs over 31,000 people.
Summary
Keurig Dr Pepper reported strong second quarter earnings for the period ending June 30, 2023. Total revenue increased 6.6% year-over-year to USD 3789.0 million and net income increased 130.7% year-over-year to USD 503.0 million. The positive financial results immediately impacted the stock price, which increased on the same day. Consequently, investors may find Keurig Dr Pepper to be a promising investment option.
The company has demonstrated consistent growth in revenue and profitability, which is likely to continue into the future with its strong core fundamentals of long-term sustainability and strong market position. Furthermore, with its diversified product portfolio, Keurig Dr Pepper is well-positioned to benefit from any changes in consumer demand in the near future. Investors may find value in investing in this stock due to its impressive performance in recent quarters and potential for further upside.
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