RSS   Newsletter   Contact   Advertise with us

Keurig Dr Pepper Q1 net sales advanced 164% to $2.5 billion

Christian Fernsby ▼ | May 10, 2019
Keurig Dr Pepper reported financial results for the first quarter ended March 31, 2019 and affirmed guidance for adjusted diluted EPS growth of 15% to 17% for the full year.
Keurig Dr Pepper
Keurig Dr Pepper   Operating income increased 180% to $498 million
GAAP performance in the first quarter of 2019 was significantly impacted by the merger between Keurig Green Mountain and Dr Pepper Snapple Group, Inc., which was completed in July 2018.

As a result, compared to the prior year period, net sales advanced 164% to $2.5 billion, operating income increased 180% to $498 million and earnings per diluted share ("diluted EPS") grew 45% to $0.16.

The net sales of $2.50 billion in the first quarter of 2019 declined 1.1%, compared to Adjusted pro forma net sales of $2.53 billion in the prior year period, reflecting strong underlying net sales growth of 2.5% that was more than offset by the expected unfavorable impacts of changes in the Keurig Dr Pepper's Allied Brands portfolio, as well as calendar timing that affected year-over-year comparisons—namely, the shift of Easter into the second quarter of 2019 and one less shipping day this year in the first quarter.

Adjusted diluted EPS increased 32% to $0.25 in the first quarter, compared to Adjusted pro forma diluted EPS of $0.19 in the year-ago period. â– 


 

MORE INSIDE POST