Keurig Dr. Pepper Meets Wall Street Expectations as Dr. Pepper Surpasses Pepsi to Become the Second Most-Consumed Soda in the US.
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00:00It's Benzinga, and here's what's on the block.
00:02Keurig Dr. Pepper's second quarter earnings and revenue met Wall Street's expectations,
00:06reporting earnings per share of $0.45 and revenue of $3.92 billion.
00:12Keurig Dr. Pepper's U.S. refreshment beverages division, which includes brands like Snapple
00:16and Sunkist, saw sales growth of more than 3% fueled by price increases.
00:21Dr. Pepper has overtaken Pepsi as the second most consumed soda in the U.S., trailing only Coca-Cola.
00:27KDP's U.S. coffee division sales declined due to a drop in pricing,
00:31though K-Cup pod shipments were roughly flat.
00:33For all things money, visit Benzinga.com.