Keurig Dr Pepper (NASDAQ:KDP) delivered fourth-quarter results that surpassed analyst expectations, driving a 4% gain in shares as investors responded to strong revenue growth and an upbeat 2025 outlook.
The beverage giant posted adjusted earnings per share of $0.58, slightly beating the $0.57 consensus estimate. Revenue climbed 5.2% year-over-year to $4.07 billion, exceeding the $4.02 billion forecast and reinforcing consistent financial performance in line with long-term growth targets.
The U.S. Refreshment Beverages segment led the quarter, with net sales jumping 10.3% to $2.4 billion, fueled by a 7.5% increase in volume/mix and a 2.8% rise in pricing. However, the U.S. Coffee segment struggled, with net sales declining 2.4% to $1.1 billion, despite a 1.1% uptick in K-Cup pod shipments.
Looking ahead, Keurig Dr Pepper remains optimistic about 2025, forecasting mid-single-digit net sales growth and high-single-digit adjusted EPS growth on a constant currency basis. The company expects its recent acquisition of GHOST to contribute to performance, further strengthening its market position in the beverage industry.