Keurig Dr Pepper (KDP) announced several strategic moves, including a
partnership with Black Rifle Coffee for sales and distribution, as well as the shut down of its
Windsor, Virginia roasting facility. The company's
stock has shown strong momentum, leading to recommendations for deeper study of its financial prospects. Meanwhile, KDP strengthened its international growth strategy as it looks to
Mexico, Canada, and beyond. The company also secured a multi-year sponsorship with the
Men's and Women's Mexican National Teams. KDP purchased
US distributor Kalil Bottling to bolster its direct-store-delivery operations.
Q2 earnings met estimates, driven predominantly by higher prices fueling U.S. soda sales. Despite potential closures of some production sites, the company has reaffirmed its fiscal 2024 guidance and has even seen a new
12-month high on its stock. It also declared a
quarterly dividend and sold up to 100 million shares of common stock by JAB and repurchased 35 million shares.
Keurig Dr Pepper KDP News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Fri, 06 Sep 2024 18:14:22 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 5
