Energy Drink Demand Helps Keurig Dr Pepper Beat Profit and Sales Estimates
1. KDP exceeded Q2 earnings and revenue estimates, driven by energy drink sales. 2. Ghost energy drinks significantly boosted sales in the U.S. Beverages unit. 3. U.S. Coffee division saw a slight decline in sales; price hikes were implemented. 4. CEO indicates future challenges but reaffirms positive long-term outlook. 5. KDP's shares are up 5% year-to-date amid strong market performance.