Keurig Dr Pepper Q3: Earnings Hit The Mark, Sales Fall Short & Boosts Portfolio With Energy Drink Business GHOST

Keurig Dr Pepper Inc. (NASDAQ:KDP) shares are trading lower on Thursday.

The company reported third-quarter adjusted earnings per share of 51 cents, which aligned with the street view. Quarterly sales of $3.89 billion (+2.3%) missed the analyst consensus of $3.93 billion.

“Three quarters into the year, we remain on track to achieve our full year outlook, while notching significant progress against our multi-year strategic agenda,” said CEO Tim Cofer.

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Adjusted operating income increased 7.5% to $1.050 billion and totaled 27% as a percent of net sales. Adjusted operating income growth primarily ...