Plus   Neg

Keurig Dr Pepper Reaffirms FY20 Outlook - Quick Facts

While reporting financial results for the second quarter on Thursday, beverage company Keurig Dr Pepper Inc. (KDP) re-affirmed its adjusted earnings and net sales growth guidance for fiscal 2020, given the significant visibility and control it maintains over its cost structure, including strong cost management, productivity programs and merger synergies.

For fiscal 2020, the company continues to project adjusted earnings per share growth of 13 to 15 percent to a range of $1.38 to $1.40 on constant currency net sales growth in the range of 3 to 4 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.38 per share on revenue growth of 2.7 percent to $11.42 billion for the year. Analysts' estimates typically exclude special items.

The Company said it has confidence in its ability to deliver continued growth in the second half of the year, given its diverse brand portfolio and extensive distribution network, which combined, have enabled the Company to successfully navigate the volatility caused by COVID-19 to date.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Australia's Westpac Group (WBC.AX, WBK) agreed to pay A$1.3 billion to settle the civil proceedings over money laundering and child exploitation allegations brought by financial crimes regulator AUSTRAC. Amazon's much-awaited Prime Day shopping event will take place in mid-October, according to multiple reports. The annual sale event will reportedly kick off in the U.S. on Tuesday, October 13. Amazon Prime Day, the company's biggest, global shopping event of the year, is usually held in the U.S. in mid-July. However, the e-commerce giant confirmed in July that it is delaying this year's event. Walmart Foundation, Cargill and McDonald's said they will invest more than $6 million in a million-acre grazing initiative to help restore grasslands and address the issue of climate change. The initiative, led by the World Bank, aims to make lasting improvements to the grasslands of the Northern Great Plains. The new program is known as the Ranch Systems and Viability Planning or RSVP network.
Follow RTT