KDP - Why Beverage Company Keurig Dr Pepper's Shares Are Surging Today | Benzinga
Keurig Dr Pepper Inc (NASDAQ:KDP) shares are trading higher after the company reported first-quarter FY24 sales growth of 3.5% year-on-year to $3.47 billion, beating the analyst consensus estimate of $3.407 billion.
U.S. Coffee sales decreased 2.1% to $0.9 billion, U.S. Refreshment Beverages rose 4.3% to $2.1 billion, and International climbed 11.8% to $0.5 billion.
Gross profit increased 11% to $1.94 ...