KDP — Keurig Dr Pepper Inc. - Common Stock
Session close: $35.42. Regular-session share volume: 32,707,531. Change from previous close: -7.40%.
Key developments
The offering follows third-quarter results that beat estimates on revenue and adjusted earnings, with the company reaffirming its full-year sales and adjusted earnings outlook. U.S. Refreshment Beverages grew on Dr Pepper, Canada Dry and Ghost, though the CEO said inflation and price-sensitive consumers weighed on the U.S. coffee business, particularly single-serve. Separately, Dr Pepper expanded foodservice fountain distribution through a Jersey Mike's win, adding a growth opportunity.
Company news Keurig Dr Pepper Launches $2B Stock Offering to Pay Debt Ahead of Business Split · Company mentioned — Mentions KDP in the article text. Can Keurig's New Fountain Distribution Gains Boost Its Reach?
News sources
Company news Keurig Dr Pepper Launches $2B Stock Offering to Pay Debt Ahead of Business Split · Company news Keurig Dr Pepper Announces Proposed Public Offering of Common Stock · Company news Keurig Dr Pepper Says Deleveraging Expected To Strengthen Investment-Grade Ratings Of Both Companies · Company news Keurig Dr Pepper Announces Proposed Public Offering of Common Stock