0935 ET - Keurig Dr Pepper drinks are largely going down easy with consumers. The maker of 7UP and K-Cup coffee pods said 1Q sales for its refreshment beverages in the U.S. increased 11% to $2.3 billion, benefiting from higher volume and prices. It noted that the segment growth reflected market-share gains in carbonated soft drinks, energy, sports hydration and its acquisition of energy-drink brand Ghost. Coffee in the U.S., however, is a little stale--sales there decreased 3.7% to around $900 million as higher prices were offset by a sharper decline in volume. Shares of the company were off 1.8% in early Thursday trading even as profit and revenue climbed in the quarter. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
April 24, 2025 09:35 ET (13:35 GMT)
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