COCO - Keurig Dr Pepper: Downgrading To Neutral Due To Dissatisfaction With The Coffee Segment
2024-03-13 03:52:11 ET
Summary
- Keurig Dr Pepper's US coffee segment performance has worsened sequentially, and the near-term outlook remains uncertain.
- Despite strong growth in other beverage segments, the weak US coffee segment is a concern for the company.
- KDP's gross margins and operating margins have improved, but the coffee segment continues to face volume and mix headwinds.