The company's U.S. coffee division struggled, while its domestic refreshment division saw higher sales, thanks to price increases.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Revenue: $3.92 billion, in line with estimatesThe beverage company reported second-quarter net income of $515 million, or 38 cents per share, up from $503 million, or 36 cents per share, a year earlier.rose 3.5% to $3.92 billion.
Keurig Dr Pepper's U.S. refreshment beverages division, which includes Snapple, Canada Dry and Sunkist, reported sales growth of 3.3%. Prices for its drinks were up 2.9% compared with the year-ago period., according to Beverage Digest.
Keurig Dr Pepper's U.S. coffee division's sales shrank 2.1% to $1 billion in the quarter, fueled by a 2.9% decline in pricing. Shipments of its K-Cup pods were roughly flat, which the company credited to strong market share trends. The company's international division saw sales climb 15.5% for the quarter, but it accounts for less than a sixth of Keurig Dr Pepper's revenue.
The company also reiterated its prior full-year outlook of constant currency revenue growth in the mid-single digit range and adjusted earnings per share growth in the high-single digits.
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Source: CNBC - 🏆 12. / 72 Read more »