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Keurig Dr Pepper's Sales Rise Following Merger but Miss Forecasts

The consumer goods company's earnings in the fourth quarter met expectations.

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The company reported fourth-quarter net sales that more than doubled to $2.81 billion from $1.17 billion a year ago, but missed analysts' expectations of $2.84 billion. Earnings of 30 cents per share matched expectations. 

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For the current year, the company expects earnings to range between $1.20 and $1.22 per share. That is below the $1.23 per share expectations of analysts polled by FactSet.

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https://www.thestreet.com/investing/earn...yptr=yahoo

Keurig Dr Pepper earnings beat expectations

Keurig Dr Pepper Inc. KDP, reported first-quarter net income of $230 million, or 16 cents per share, up from $88 million, or 11 cents per share last year. Earnings performance was boosted by the merger of Keurig Green Mountain and Dr. Pepper Snapple Group, which was completed in July 2018. Adjusted EPS was 25 cents, beating the 23-cents FactSet consensus. Sales totaled $2.50 billion, up from $948 million last year, but just below the $2.54 billion FactSet estimate. 

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https://www.marketwatch.com/story/keurig...yptr=yahoo