Reported 1 day ago
Keurig Dr Pepper reported a slight increase in second-quarter revenue, exceeding Wall Street predictions, driven by robust demand for its energy drinks and soft beverages, particularly in the U.S. The company experiences strong sales in its higher-priced ready-to-drink beverages and energy drinks from Ghost, reflecting similar trends observed in competitors PepsiCo and Coca-Cola. CEO Tim Cofer expressed confidence in meeting the company's 2025 outlook despite potential challenges. Quarterly net sales rose 6.1% to $4.16 billion, attributed to a 10.5% increase in the U.S. beverages segment.
Source: YAHOO