The company said net sales for Q2 2024 rose 3.5% to $3,922 million, and gross profit rose 6.4% to $2,172 million. Gross margin rose 150 basis points from the prior year period to 55.4%.

10-QQuarterly reportFiled Jul 25, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said net sales for Q2 2024 rose 3.5% to $3,922 million, and gross profit rose 6.4% to $2,172 million. Gross margin rose 150 basis points from the prior year period to 55.4%.
The company said interest expense for Q2 2024 rose 18.6% to $204 million. Its effective tax rate was 23.4%, compared with 17.9% in the prior year period. Net income was $515 million, and diluted earnings per share were $0.38.
KDP said net sales for U.S. Refreshment Beverages in Q2 2024 rose 3.3% to $2,407 million, U.S. Coffee net sales fell 2.1% to $950 million, and International net sales rose 15.5% to $565 million.
The company said it announced in May 2024 an agreement to acquire all production, sales and distribution assets of Kalil Bottling Company, an independent bottler. The transaction is expected to close in Q3 2024.

Key figures

Quarter ended June 30, 2024

Revenue: $3.9B
Operating income: $861M
Net income: $515M
EPS: $0.38
Gross profit: $2.2B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 2024 Net Sales and Gross Profit Changes

The company said net sales for Q2 2024 rose 3.5% to $3,922 million, and gross profit rose 6.4% to $2,172 million. Gross margin rose 150 basis points from the prior year period to 55.4%.

Source · Based on the MD&A text of the filing

Q2 Interest Expense, Effective Tax Rate and Net Income

The company said interest expense for Q2 2024 rose 18.6% to $204 million. Its effective tax rate was 23.4%, compared with 17.9% in the prior year period. Net income was $515 million, and diluted earnings per share were $0.38.

Source · Based on the MD&A text of the filing

Q2 Segment Net Sales Changes

KDP said net sales for U.S. Refreshment Beverages in Q2 2024 rose 3.3% to $2,407 million, U.S. Coffee net sales fell 2.1% to $950 million, and International net sales rose 15.5% to $565 million.

Source · Based on the MD&A text of the filing

Kalil Bottling Company Asset Acquisition Agreement

The company said it announced in May 2024 an agreement to acquire all production, sales and distribution assets of Kalil Bottling Company, an independent bottler. The transaction is expected to close in Q3 2024.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.