By Dean Seal
Keurig Dr Pepper is anticipated to announce its fourth-quarter earnings before the bell on Thursday. Here's a breakdown of what to expect.
PROFIT Forecast
The beverage company is projected to report a profit of $734 million, or 52 cents per share, compared to $453 million, or 32 cents per share, in the same quarter last year, as per the consensus estimate of four analysts surveyed by FactSet.
EARNINGS Prediction
Excluding one-time items, adjusted earnings are expected to be 54 cents per share, based on forecasts from 17 analysts surveyed by FactSet.
SALES Expectation
Revenue is anticipated to reach $3.92 billion, up from $3.8 billion in the year-ago quarter, according to 14 analysts polled by FactSet.
Key Points to Keep an Eye On
- Challenges faced by the company's coffee business for over a year due to consumers returning to offices and brewing less coffee at home.
- Potential impact of a slowdown across various beverage categories in North America on the company's 2024 guidance.
- Expected notable margin expansion in the coffee segment during the fourth quarter and its potential continuation into the first half of 2024, as per Wedbush analysts.
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