Keurig Dr Pepper Reports Strong Start to 2021
Delivers Double-Digit Net Sales and Earnings Growth
Raises Full-Year Net Sales Guidance and Reaffirms EPS Guidance
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BURLINGTON, Mass. and FRISCO, Texas, April 29, 2021 /PRNewswire/ Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported financial results for the first quarter ended March 31, 2021 and increased its outlook for 2021 net sales growth to 4% to 6%, from the Company s prior net sales guidance of 3% to 4%. KDP also reaffirmed its guidance for full-year Adjusted diluted EPS growth of 13% to 15%.
Net sales in the first quarter of 2021 advanced approximately 11% on both a GAAP and constant currency basis, with each of the Company s business segments reporting strong growth. GAAP diluted earnings per share more than doubled to $0.23 and Adjusted
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