NASDAQ$KDP
Keurig Dr Pepper Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Keurig Dr Pepper delivered strong net sales momentum, led by U.S. Refreshment Beverages.
Keurig Dr Pepper reported an 8.9% increase in net sales to $3.35 billion for Q1 2023, driven by favorable net price realization. The U.S. Refreshment Beverages and International segments showed strong performance, while U.S. Coffee had a slower start. The company reaffirms its guidance for full-year constant currency net sales growth of 5% and adjusted diluted EPS growth of 6% to 7%.
- Net sales increased by 8.9% to $3.35 billion, with constant currency net sales also advancing 8.9%.
- Favorable net price realization of 9.9% drove net sales growth, offset slightly by a 1.0% decrease in volume/mix.
- U.S. Refreshment Beverages net sales increased by 12.7%, driven by innovation and effective in-market execution.
- The company reaffirms its guidance for full-year constant currency net sales growth of 5% and adjusted diluted EPS growth of 6% to 7%.
Headline financials
Revenue & EPS history
Keurig Dr Pepper · Revenue · Quarterly
$3.35B
Revenue by segment
Keurig Dr Pepper · $415M total across 1 segment · Q1 2023
- International$415M—100.0%
Forward guidance
KDP continues to expect net sales growth of 5% and Adjusted diluted EPS growth of 6% to 7% in 2023 on a constant currency basis, with foreign currency translation expected to be an approximate one half of one percentage point headwind to both metrics.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.6%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-0.8%
Avg return
30 days after
60%
42 / 70 earnings
Positive
+7.5%
Q1 2026
Best reaction
-7.9%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.5% | +8.5% | +9.6% | |
| Q4 2025 | +2.5% | +1.7% | -11.8% | |
| Q3 2025 | +7.3% | +0.0% | +1.9% | |
| Q2 2025 | -0.5% | +1.0% | -21.8% | |
| Q1 2025 | -2.1% | -2.7% | -6.5% | |
| Q4 2024 | +2.4% | -1.8% | +0.4% | |
| Q3 2024 | -5.8% | -10.4% | -11.0% | |
| Q2 2024 | +3.0% | +4.1% | +9.0% | |
| Q1 2024 | +4.3% | +4.2% | +5.7% | |
| Q4 2023 | -4.5% | -6.6% | -5.7% | |
| Q3 2023 | +2.6% | +4.2% | +12.1% | |
| Q2 2023 | +4.2% | +4.9% | +2.3% | |
| Q1 2023 | -7.9% | -8.3% | -11.5% | |
| Q4 2022 | +0.0% | -3.4% | -2.5% | |
| Q3 2022 | +2.0% | -2.4% | -1.3% | |
| Q2 2022 | +4.4% | +3.9% | +4.1% | |
| Q1 2022 | -1.2% | -1.8% | -7.1% | |
| Q4 2021 | +0.6% | +0.3% | -1.3% | |
| Q3 2021 | +5.5% | +5.2% | +2.3% | |
| Q2 2021 | -0.3% | -1.4% | -0.6% | |
| Q1 2021 | +1.8% | +1.4% | +5.0% | |
| Q4 2020 | -3.0% | -2.2% | +12.0% | |
| Q3 2020 | -3.0% | +0.3% | +10.9% | |
| Q2 2020 | -2.1% | -4.2% | -3.8% | |
| Q1 2020 | +3.1% | -1.5% | +5.6% | |
| Q4 2019 | -3.0% | -4.1% | -15.1% | |
| Q3 2019 | +3.7% | +3.7% | +4.0% | |
| Q2 2019 | +5.4% | +3.1% | -2.7% | |
| Q1 2019 | +1.0% | +1.6% | -2.6% | |
| Q4 2018 | -3.5% | -3.5% | +3.8% | |
| Q3 2018 | +4.6% | +4.8% | -3.3% | |
| Q2 2018 | +0.0% | -0.4% | -4.1% | |
| Q1 2018 | +0.8% | +1.0% | +1.3% | |
| Q4 2017 | -0.4% | -0.7% | +1.4% | |
| Q3 2017 | -3.6% | -5.2% | -3.5% | |
| Q2 2017 | -1.4% | -1.2% | -2.0% | |
| Q1 2017 | -6.3% | -7.7% | -5.0% | |
| Q4 2016 | -0.7% | +0.5% | +3.1% | |
| Q3 2016 | -0.4% | -2.0% | -0.7% | |
| Q2 2016 | +0.7% | +0.8% | -4.0% | |
| Q1 2016 | +3.3% | — | — | |
| Q4 2015 | -2.2% | — | — | |
| Q3 2015 | +5.9% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | +0.1% | — | — | |
| Q4 2014 | -3.2% | — | — | |
| Q3 2014 | +2.1% | — | — | |
| Q2 2014 | +5.3% | — | — | |
| Q1 2014 | +2.8% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +2.5% | — | — | |
| Q2 2013 | -3.4% | — | — | |
| Q1 2013 | +0.8% | — | — | |
| Q4 2012 | -5.6% | — | — | |
| Q3 2012 | -2.5% | — | — | |
| Q2 2012 | +4.1% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | -0.8% | — | — | |
| Q3 2011 | -6.3% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q3 2010 | +2.3% | — | — | |
| Q3 2009 | +2.3% | — | — | |
| Q4 2008 | +0.3% | — | — | |
| Q2 2010 | +0.3% | — | — | |
| Q1 2010 | +5.1% | — | — | |
| Q4 2009 | +5.1% | — | — | |
| Q1 2009 | +5.1% | — | — | |
| Q2 2009 | +5.1% | — | — |
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