The Latest Breaking News from Keurig Dr Pepper Inc

Despite macroeconomic uncertainties, the beverage industry will most likely stay resilient, thanks to its inelastic demand. Therefore, investors could keep an eye on three fundamentally strong beverage stocks, Constellation Brands (STZ), Keurig Dr Pepper (KDP), and Molson Coors Beverage (TAP), which look poised for significant growth. Read more….

The beverage sector is growing amid consumers shifting preference to non-alcoholic categories. Given the expanding market, quality beverage stocks such as Fomento Económico Mexicano (FMX), Keurig Dr Pepper (KDP), and Molson Coors (TAP) might be solid picks right now. Read on.

Keurig Dr Pepper Inc (NASDAQ:KDP) reported first-quarter FY22 sales growth of 6.1% year-on-year to $3.08 billion, above the consensus of $3.01 billion. Net sales growth was driven by favorable net price realization of 6.3%, slightly offset by a lower volume/mix of 0.2%. On a two-year basis, constant currency net sales advanced 17.5% versus…

Keurig Dr Pepper Inc (NASDAQ:KDP) has priced the public offering of senior notes consisting of $1 billion of 3.950% senior notes due 2029, $850 million of 4.050% senior notes due 2032, and $1.15 billion of 4.5% notes due 2052. The company expects the net proceeds from the offering to be about $2.961 billion.…

Keurig Dr Pepper Inc (NASDAQ:KDP) has appointed Ozan Dokmecioglu, currently CFO & President of International, as its next Chief Executive Officer, effective July 29, 2022.  Bob Gamgort, Chairman and CEO, will serve as Executive Chairman of Keurig for two years to support the transition. In addition, Gamgort has committed to remaining a significant…

Keurig Dr Pepper Inc (NASDAQ:KDP) reported fourth-quarter FY21 sales growth of 8.7% year-on-year, to $3.39 billion, beating the consensus of $3.30 billion. Net sales increase reflected strong growth in Packaged Beverages, Beverage Concentrates, and Latin America Beverages. On a constant currency basis, net sales advanced 8.5% Y/Y and 15.7% versus Q4 2019. Net…