Keurig Dr Pepper Inc (NASDAQ: KDP) on Thursday published better-than-expected revenues for the very first quarter.
The business, which owns brand names such as Dr Pepper, 7Up, Snapple and Green Mountain Coffee, reported first-quarter adjusted revenues per share of 39 cents, beating the expert agreement quote of 37 cents. Quarterly sales of $3.976 billion (+9.4% year over year) outmatched the Street view of $3.838 billion.
The company verified the 2026 sales outlook of $25.900 billion-$ 26.400 billion, compared to the $26.081 billion quote.
” With sound strategies in location, premium execution, and enhancing expense presence as the year unfolds, we stay positive in our capability to provide on our dedications while standing 2 pure-play business placed for success,” stated CEO Tim Cofer.
Keurig Dr Pepper shares increased 1.8% to trade at $29.06 on Friday.
These experts made modifications to their cost targets on Keurig Dr Pepper following revenues statement.
- JP Morgan expert Andrea Teixeira kept Keurig Dr Pepper with an Obese ranking and raised the cost target from $32 to $33.
- Evercore ISI Group expert Robert Ottenstein kept the stock with an In-Line ranking and raised the cost target from $28 to $30.
Thinking about purchasing KDP stock? Here’s what experts believe:
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