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The company claimed its pods could be recycled anywhere, even though the two biggest recycling companies in the U.S. said they wouldn't take them, regulators said.
The Securities and Exchange Commission has charged Keurig Dr Pepper for making inaccurate claims about the recyclability of its K-Cups. The agency said that the beverage giant failed to disclose that two of the biggest U.S. recyclers said they wouldn't accept the pods for recycling.
As one of the most consumed beverages in the world, coffee stocks have become a go-to investment for investors seeking high returns. Originating in Africa, coffee has evolved through three distinct waves to become an integral part of our lives.
Keurig Dr Pepper Inc. (NASDAQ:KDP ) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Jane Gelfand - Vice President of Investor Relations & Strategic Initiatives Tim Cofer - Chief Operating Officer Sudhanshu Priyadarshi - CFO & President of International Conference Call Participants Bryan Spillane - Bank of America Peter Grom - UBS Lauren Lieberman - Barclays Dara Mohsenian - Morgan Stanley Chris Carey - Wells Fargo Bonnie Herzog - Goldman Sachs Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Keurig Dr. Pepper's Second Quarter 2024 Earnings Call.
Keurig's (KDP) second-quarter 2024 results reflect impressive net sales trends, considerable margin growth and solid earnings improvement.
While the top- and bottom-line numbers for Keurig Dr Pepper (KDP) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Keurig Dr Pepper, Inc (KDP) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.42 per share a year ago.
Keurig Dr Pepper's second-quarter earnings and revenue met Wall Street's expectations. The company's U.S. coffee division struggled, while its domestic refreshment division saw higher sales, thanks to price increases.
Net Sales Led by Double-Digit Growth in International and Solid U.S. Refreshment Beverages Performance Company Continues to Expect On-Algorithm Net Sales and Adjusted EPS Growth in 2024 BURLINGTON, Mass. and FRISCO, Texas , July 25, 2024 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the second quarter of 2024 and reaffirmed its full year guidance.
Keurig Dr Pepper stock (NASDAQ: KDP) will report its Q2 2024 results on Thursday, July 25. We expect it to report revenues of $3.9 billion and earnings of $0.45 per share, aligning with the consensus estimates.