Keurig Dr Pepper Inc. (KDP) Tops Q3 EPS by 2c, Revenue Misses Views
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Keurig Dr Pepper Reports Strong Third Quarter 2018 Results
November 7, 2018 4:30 PM ESTBURLINGTON, Mass. and PLANO, Texas, Nov. 7, 2018 /PRNewswire/ -- Keurig Dr Pepper Inc. (NYSE: KDP) today reported financial results for the third quarter ended September 30, 2018. During the quarter, the company successfully completed the merger of Keurig Green Mountain and Dr Pepper Snapple Group ("the merger"), effective July 9, 2018.
GAAP performance in the third quarter primarily reflected the impact of the merger, with net sales advancing 140% versus year-ago to $2.7 billion and operating income increasing 45% to $344 million. Earnings per diluted share ("diluted EPS") of $0.11 in the third quarter of 2018 also reflected... More
