trending Market Intelligence /marketintelligence/en/news-insights/trending/rvOweePAZIu74kdqFT7CBA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Keurig Dr Pepper beats Street expectations in Q2, reaffirms FY'19 guidance

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Keurig Dr Pepper beats Street expectations in Q2, reaffirms FY'19 guidance

Keurig Dr Pepper Inc. reported second-quarter earnings Aug. 8 that beat Street expectations as the company maintained its guidance for 2019.

The company reported adjusted diluted EPS for the quarter ended June 30 of 30 cents, beating the S&P Global Market Intelligence mean consensus estimate for normalized EPS of 29 cents. Keurig Dr Pepper's adjusted pro forma diluted EPS from the year-ago period was 26 cents.

Keurig Dr Pepper was formed by the July 2018 merger between Dr Pepper Snapple Group Inc. and Keurig Green Mountain. Year-ago comparisons to adjusted figures assume the merger was completed Dec. 31, 2016, according to the company.

Adjusted net income rose approximately 19% to $423 million, which was above the Market Intelligence estimate for net income excluding exceptions of $411 million. Adjusted pro forma net income from the year-ago period was $356 million.

The company reaffirmed its expectations of adjusted diluted EPS growth of 15% to 17% for 2019.

Net sales for the quarter dipped 0.4% to $2.81 billion, compared to the adjusted pro forma figure of $2.82 billion from one year earlier.

Shares of the beverage-maker were up 1.8% in premarket trading to $28.10. Keurig Dr Pepper reported results before U.S. markets opened Aug. 8.