Keurig Dr Pepper Slips To Q4 Loss, Adj. EPS Beats Market; Sees Growth In FY25; Stock Up - Update

Keurig Dr Pepper

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(RTTNews) - Beverage company Keurig Dr Pepper Inc. (KDP) on Tuesday issued fiscal 2025 outlook, expecting growth in adjusted earnings and net sales. In its fourth quarter, the company recorded a loss, compared to prior year's profit, while adjusted earnings beat market estimates.

In pre-market activity on the Nasdaq, KDP shares were gaining around 2.58 percent to trade at $35.00.

Looking ahead, for fiscal 2025, KDP expects adjusted earnings per share growth in a high-single-digit range on a constant currency basis, including the anticipated contribution from the recent GHOST acquisition.

Net sales are projected to growth in a mid-single-digit range.

In fiscal 2024, earnings were $1.05 per share, and adjusted earnings were $1.92 per share on net sales of $15.4 billion.

In its fourth quarter, the company reported net loss of $144 million, compared to prior year's profit of $693 million in the same period last year. Loss per share were $0.11, compared to earnings of $0.49 in the same period last year.

Adjusted earnings were $790 million or $0.58 per share for the period, compared to $770 million or $0.55 per share last year.

The Wall Street analysts estimated earnings $0.57 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales grew to $4.07 billion from $3.87 billion in the same period last year. The Street expected sales of $4 billion for the quarter.

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