Keurig Dr Pepper Reveals Strong Core Growth Beneath Flat Results
Coffee and bottled beverage manufacturer Keurig Dr Pepper's (NYSE: KDP) second quarter fell just shy of marking the one-year anniversary of the merger of Dr Pepper Snapple Group and Keurig Green Mountain in July 2018. After roughly four quarters of combined operations, the new entity continues to demonstrate the potential for both revenue expansion and merger-related cost synergies. Below, we'll visit the raw numbers from the company's report, issued on Thursday, and review salient details, as well as management's outlook heading into the second half of 2019.
Note that all comparative numbers that follow refer to the prior-year quarter, on a pro forma basis (i.e., combining prior-year results for Dr Pepper Snapple Group and Keurig Green Mountain).
Data source: Keurig Dr Pepper. EPS = earnings per share.
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