BURLINGTON, Mass. and PLANO, Texas, U.S. — Keurig Dr Pepper announced its quarterly earnings data last week. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02, MarketWatch Earnings reports.
The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.54 billion. Keurig Dr Pepper had a return on equity of 11.13% and a net margin of 9.53%.
The business’s revenue for the quarter was up 164.1% on a year-over-year basis. Keurig Dr Pepper updated its FY19 guidance to $1.20-1.22 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.15 per share.
This represents a $0.60 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, July 3rd. Keurig Dr Pepper’s payout ratio is 57.69%.
Coffee Systems
Net sales for the first quarter of 2019 increased 2.1% to $968 million, compared to $948 million in the year-ago period. Compared to Adjusted pro forma net sales of $952 million, net sales increased 1.7%, reflecting higher volume/mix of 5.0%, partially offset by lower net price realization of 2.5% and unfavorable foreign currency translation of 0.8%.
The volume/mix growth of 5.0% for Coffee Systems was driven by a 7.0% increase in K-Cup pod volume and a 12.4% increase in brewer volume, partially offset by lower pod sales mix, primarily reflecting the impact of significant volume growth of branded partners in the first quarter of 2019.
Operating income for Coffee Systems advanced 15.4% to $293 million in the first quarter of 2019, compared to $254 million in the year-ago period. Adjusted operating income advanced 7.4% to $335 million, compared to Adjusted pro forma operating income of $312 million in the year-ago period, primarily reflecting the net sales growth and productivity. On a percentage of net sales basis, Adjusted operating income grew 180 basis points versus year-ago to 34.6%.
