The results are the latest evidence that consumer companies have been largely able to pass on higher prices to retailers and shoppers.
Keurig Dr Pepper posted second-quarter revenue of $3.79 billion, topping estimates of $3.69 billion, according to Refinitiv data.
The company said it expects full-year 2023 net sales growth of 5% to 6%, compared with the previous forecast of a 5% growth.
It reiterated its forecast for adjusted earnings per share growth of 6% to 7%.
Excluding items, the company reported a profit of 42 cents per share, compared estimates of 40 cents.
Persons:
Pepper, Pepper's, Dr Pepper, Bob Gamgort, Aatrayee Chatterjee, Sriraj
Organizations:
Pepper Inc, Thomson
Locations:
U.S, Texas, Bengaluru