Form 8-K · Current Report · Filed 2024-10-24
Keurig Dr Pepper Reports Q3 2024 Results and Announces Acquisition of GHOST
Keurig Dr Pepper Inc. reported its Q3 2024 financial results, showing net sales of $3.89 billion, a 2.3% increase year-over-year. The company announced the acquisition of GHOST, an energy drink business, to advance its position in the energy drink space. Adjusted diluted EPS increased by 6.3% to $0.51. The company also reaffirmed its fiscal 2024 guidance for constant currency net sales growth and Adjusted diluted EPS growth. Financial highlights include net income of $616 million, up 18.9% year-over-year, and free cash flow of $973 million for the first nine months of 2024.
- Filer
- Keurig Dr Pepper Inc. KDP · NASDAQ
- Filed
- Accession
- 0001418135-24-000086
- CIK
- 0001418135
- Signal
- Low impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$36.70
Next session
-5.8%
Since filing
-15.2%
Latest close
$31.12
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from KDP reporting the same item, with the next session's move:
Exhibits (1)
About Keurig Dr Pepper Inc.
Keurig Dr Pepper Inc. is a leading beverage company that operates in the non-alcoholic beverage industry. Formed from the merger of Keurig Green Mountain and Dr Pepper Snapple Group, this company combines a diverse portfolio of hot and cold beverages. Keurig Dr Pepper offers a wide range of products, including carbonated soft drinks, ready-to-drink teas, juice drinks, mixers, and single-serve coffee systems. Brands under its umbrella include household names like Dr Pepper, Snapple, 7UP, and Keurig. With a unique hybrid business model, the company has a strong presence in both the beverage and home coffee brewer markets. It serves a vast market across North America through various distribution channels including retailers, vending machines, and online platforms. Keurig Dr Pepper's innovative product offerings and robust distribution network make it a significant player in the consumer goods sector, influencing beverage consumption trends and taste preferences.
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