Keurig Dr Pepper reported second-quarter financial results that met analyst expectations, with revenue reaching $3.92 billion and adjusted earnings per share at 45 cents.
The company's U.S. refreshment beverage division saw sales increase by 3.3%, driven by a 2.9% rise in prices. This segment, which includes brands like Snapple and Canada Dry, benefited from strong soda sales, with Dr Pepper recently surpassing Pepsi in U.S. consumption.
However, the U.S. coffee division experienced a 2.1% sales decline, partly due to a 2.9% decrease in pricing for its K-Cup pods. The international division showed robust growth of 15.5%.
The company reiterated its full-year financial outlook, anticipating mid-single-digit constant currency revenue growth and high single-digit adjusted earnings per share growth.
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