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Despite the Coronavirus, Keurig Dr Pepper Reaffirms 2020 Guidance

TheMotleyFool

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Despite the Coronavirus, Keurig Dr Pepper Reaffirms 2020 Guidance

After the market closed on Monday, beverage giant Keurig Dr Pepper (NYSE: KDP) released first-quarter 2020 results that were good enough to excite investors. Quarterly net sales grew 4% year over year to $2.6 billion, and non-GAAP (adjusted) earnings per share (EPS) increased 16% to $0.29. Both numbers were slightly ahead of guidance.

While Q1 was good, shares are up after hours for a different reason. In a rare move this earnings season, Keurig Dr Pepper reaffirmed its guidance for 2020, citing the strength of its diversified beverage portfolio.

Image source: Getty Images.

Source Fool.com

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