Keurig Dr Pepper (KDP) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared to the immediately preceding quarter, but increased relative to the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter, but increased relative to the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.5B
Revenue reported for this quarter.
Quarter-over-quarter
-10.3%
Change from the immediately preceding quarter.
Year-over-year
+3.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $3.8B | +6.6% |
| Sep 30, 2023 | $3.8B | +5.1% |
| Dec 31, 2023 | $3.9B | +1.7% |
| Mar 31, 2024 | $3.5B | +3.4% |
Revenue performance
The reported revenue shows a sequential decline while maintaining a year-over-year gain. The company's filing highlights its belief that financial condition and liquidity remain strong.
Quarterly comparison
Compared to the prior quarter, revenue was lower; compared to the same quarter last year, revenue was higher. This mixed performance reflects a reversal of the prior sequential trend.
What to watch
The sequential decline in revenue may warrant attention in the context of the company's overall financial trends.