Reports Q2 revenue $3.79B, consensus $3.69B. Commenting on the announcement, Chairman and CEO Bob Gamgort stated, “Our second quarter results demonstrated the strength of KDP‘s brand portfolio and our high-quality retail execution. We saw continued momentum in the U.S. Refreshment Beverages and International segments, as well as encouraging intraquarter developments in U.S. Coffee, where we expect a sequential recovery in revenue and a meaningful inflection in margins in the back half. On a consolidated basis, we continue to drive healthy growth while reinvesting in our business and are increasingly confident in our full year outlook, which now reflects even stronger underlying EPS results.”
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