NASDAQ$KDP

Keurig Dr Pepper Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Keurig Dr Pepper reported strong financial results for the fourth quarter and full year ended December 31, 2021 and affirmed guidance for 2022.

Keurig Dr Pepper reported strong financial results for the fourth quarter of 2021, with net sales increasing by 8.7% to $3.39 billion. The company's performance was driven by growth in Packaged Beverages, Beverage Concentrates, and Latin America Beverages. Adjusted diluted EPS increased by 15.4% to $0.45.

  • Exceptional top-line momentum, driven by robust consumer demand across our portfolio.
  • Third consecutive year of double-digit Adjusted EPS growth.
  • Successfully delivered merger commitments on or ahead of the targets set four years ago.
  • Confidence in the stronger, faster-growing business we have built.

Headline financials

Total Revenue

$3.39B

Previous: $3.12B+8.7%
EPS (adj)

$0.45

Previous: $0.39+15.4%
Capital Expenditures

$98M

Previous: $105M-6.7%
Free Cash Flow

$843M

Previous: $685M+23.1%
Net Income

$843M

Previous: $428M+97.0%
Operating Income

$725M

Previous: $700M+3.6%
Gross Profit

$1.77B

Previous: $1.77B+0.2%
Cash & Equivalents

$567M

Previous: $240M+136.3%
Total Assets

$50.6B

Previous: $49.8B+1.6%
Stock-Based Comp

$20M

Previous: $23M-13.0%

Revenue & EPS history

Keurig Dr Pepper · Revenue · Quarterly

$3.39B

Q4 2021+8.7%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Keurig Dr Pepper · $523M total across 1 segment · Q3 2023

  • International
    $523M

Forward guidance

KDP affirmed guidance for both net sales and Adjusted diluted EPS growth in 2022 in the mid-single-digit range. The Company expects EPS performance versus 2021 to strengthen throughout the year, with Adjusted diluted EPS growth reaching the high-single-digit range in the second half of 2022, in line with the Company’s long-term algorithm.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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