BUZZ-Keurig Dr Pepper gains on higher Q4 profit, net sales
Updates
Shares of beverage company Keurig Dr Pepper KDP.O rise as much as 5.4% to $35.96 - set for their best day in nearly five years, if gains hold
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% from last year and 1 cent higher than analysts' estimates
"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 up 11.4% YTD, including session's moves
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