Keurig Dr Pepper stock gains after the beverage company backs prior guidance
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Keurig Dr Pepper (NASDAQ:KDP) updated guidance on Monday ahead of some investor and analyst meetings on the calendar.
The beverage company affirmed previously announced 2023 guidance for constant currency net sales growth of 5%, as well as adjusted diluted earnings per share growth of 6% to 7%. KDP also affirmed that it continues to expect Q1 2023 adjusted diluted EPS to be approximately even with Q1 performance from 2022. The update factors in about three weeks worth of quarterly performance since the KDP earnings report and conference call. The guidance update could be significant with the last 13 EPS revisions from analysts all being to the downside. See all the consensus earnings estimates on KDP.
Shares of Keurig Dr Pepper (KDP) rose 1.15% premarket on Monday to $35.26 vs. the 52-week trading range of $33.35 to $41.31.
Read a post-earnings breakdown on Keurig Dr Pepper from Seeking Alpha contributor Daniel Giron.