Why Keurig Dr Pepper Stock Popped Today
Keurig Dr Pepper(KDP) The Motley Fool·2024-04-26 03:00
The company's profits are above expectations.Shares of coffee and carbonated beverage giant Keurig Dr Pepper (KDP 4.07%) popped on Thursday after the company reported soaring profits in its latest quarterly financial report. As of 2:40 p.m. ET, Keurig Dr Pepper stock was up 4% but it had been up almost 7% earlier in the day.Profits are up more than salesKeurig Dr Pepper mostly sells coffeemakers, coffee brewing supplies, and packaged beverages. In the first quarter of 2024, the company's net sales were only ...