BUZZ-Keurig Dr Pepper gains on higher Q4 profit, net sales

Shares of beverage company Keurig Dr Pepper KDP.O up 3.5% at $35.3 premarket

Company expects its 2025 adjusted EPS to grow in high-single digit, compared with analysts' average estimate of a 6.2% increase, according to data compiled by LSEG

Q4 net sales rise 5.2% to $4.07 billion

On an adjusted basis, KDP earns 58 cents per share, up 5.5% over the year earlier. Analysts estimate 57 cents

"We gained market share through exciting innovation, marketing and activation across our carbonated soft drinks and coffee brands, drove win-win outcomes with partner brands such as Electrolit and C4" - CEO Tim Cofer

Bigger rival Coca-Cola KO.N beat profit and revenue expectations on the back of price hikes earlier this month

KDP stock fell 3.6% in 2024