Soft drink maker Keurig Dr Pepper (NYSE: KDP) announced financial results for the fourth quarter of 2023, reporting a sharp increase in net sales and profit.
- Q4 net sales increased 1.7% annually to $3.9 billion; on a constant currency basis sales advanced 1.1%
- Operating income, on a reported basis, increased 40.1% year-over-year to $943 million in the fourth quarter
- Net income climbed 53% to $693 million or $0.49 per share in the December quarter from $453 million or $0.32 per share a year earlier
- On an adjusted basis, net income rose 7.1% to $770 million in Q4, and earnings per share moved up 10% to $0.55
- Operating cash flow for the fourth quarter was $297 million; free cash flow came in at $143 million
- The management expects constant currency net sales growth to be in a mid-single-digit range in fiscal 2024
- The guidance for adjusted earnings per share growth for fiscal 2024 is in a high-single-digit range
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
