Article Date 08/11/2018

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Keurig Dr Pepper reports strong earnings in its first quarter as a combined company

Source Food Drink & Franchise

Keurig Dr Pepper reported net sales of US$2.73bn in its third-quarter, its first results following the merger of Keurig Green Mountain and Dr Pepper Snapple.

During the quarter, the beverage firm completed its acquisition of soft drink Big Red, and it also inked a deal to acquire Core Nutrition, a fast-growing brand in the enhanced water segment.

Net sales more than doubled compared to a year ago, partly reflecting the impact of the merger.

Meanwhile, operating income also increased by 45% to US$4mn, compared to US4238mn during the same period last year.

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