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Beverage and coffeemaker conglomerate Keurig Dr Pepper announced its second-quarter results on Thursday with most metrics aligning with analyst estimates. Diluted earnings per share (EPS) came in at $0.45 while revenue stood at $3.92 billion, both in line with analyst estimates. Shares of the company traded over 2% higher on the news, with Stocktwits sentiment reaching a bullish zone (67/100) supported by extremely high message volume.<figure class="image"><img style="aspect-ratio:1582/448;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_25_at_1_32_22_PM_79a80ac8a7.png" alt="Retail sentiment trends in bullish territory for Keurig Dr Pepper" width="1582" height="448"><figcaption>Retail sentiment trends in bullish territory for Keurig Dr Pepper</figcaption></figure>During the second quarter, adjusted operating income rose 11% to $970 million led by higher net price realization and net productivity. Operating margin stood at 24.70% for the period. Meanwhile, adjusted net income rose 3.20% year-over-year (YoY) to $618 million.According to a CNBC report that cited Beverage Digest, Dr. Pepper recently surpassed Pepsi as the second-most consumed soda in the country.From a segment perspective, the US refreshment beverages net sales grew 3.30% to $2.40 billion driven by net price realization of 2.90%. Adjusted operating income rose 11.90% to $723 million with a healthy operating margin of 30%. However, the US Coffee segment witnessed a 2.10% decline in its net sales to $1 billion. International net sales rose 15.50% to $0.6 billion.CEO Tim Cofer stated that strong execution drove the company’s performance in the second quarter. “Now halfway through 2024, we are on track to achieve our unchanged full year outlook, while also seeding initiatives to fuel consistent growth over multiple years,” he said.The company reaffirmed its fiscal 2024 guidance for constant currency net sales growth in a mid-single-digit range, also projecting adjusted diluted EPS growth in a high-single-digit range.The year hasn’t been great for Keurig Dr Pepper stock with the shares basically flat YTD. Still, retail investors are betting on a rebound, citing pricing power and volume growth its competitors have been unable to achieve.One Stocktwits user named ‘Morechumanthanhuman’ expressed bullishness on the stock and stated that shares of the beverage-maker could move back to 40 on the back of these results.<figure class="image"><a href="https://stocktwits.com/Morechumanthanhuman/message/580656707"><img style="aspect-ratio:1534/454;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_25_at_1_33_31_PM_c38eeee921.png" alt="Stocktwits user Morechumanthanhuman's post on Keurig Dr Pepper" width="1534" height="454"></a><figcaption>Stocktwits user Morechumanthanhuman's post on Keurig Dr Pepper</figcaption></figure> Photo Courtesy: Brandon Richardson on Pexels

Keurig Dr Pepper Quenches Retail Investors’ Thirst For Earnings

The beverage-maker’s second quarter results were in line with analyst estimates, but retail investors are optimistic about management’s execution in a challenging retail consumer environment.

Equity

Retail sentiment on Coca-Cola shifted into the extremely bullish territory, hitting a one-year high (95/100) after the beverage-maker reported strong second quarter earnings while also raising its full-year outlook.<figure class="image"><img style="aspect-ratio:794/231;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_23_at_10_42_06_AM_017b245f59.png" alt="Retail sentiment hits one-year high for Coca-Cola post earnings" width="794" height="231"><figcaption>Retail sentiment hits one-year high for Coca-Cola post earnings</figcaption></figure>The company reported revenues of $12.36 billion compared to a Street estimate of $11.76 billion. Adjusted earnings per share (EPS) came in at $0.84 compared to a Street estimate of $0.81. The company expects to deliver organic revenue (non-GAAP) growth of 9% to 10%, compared to an earlier guidance of 8% to 9%. Coca-Cola also raised its comparable EPS (non-GAAP) growth outlook by 1% to a range of 5% to 6%.During the quarter, net revenues grew 3% to $12.40 billion and organic revenues (non-GAAP) grew 15%. The firm said comparable operating margin stood at 32.80% compared to 31.60% in the prior year. The expansion was primarily driven by strong business performance and the impact of re-franchising bottling operations, partially offset by currency headwinds and an increase in marketing investments.James Quincey, Chairman and CEO of The Coca-Cola Company said the firm remains confident in its ability to deliver on the raised 2024 guidance and longer-term objectives.On a consolidated basis, the company's unit case volume grew 2%. Coca-Cola said that developed markets were even, while developing and emerging markets grew mid-single digits, driven by growth in India, Brazil and the Philippines.For the third quarter, the beverage-maker expects net revenues (non-GAAP) to include an approximate 4% currency headwind based on the current rates. This also includes the impact of hedged positions, in addition to a 4% to 5% headwind from acquisitions, divestitures and structural changes, it said.Meanwhile, comparable EPS (non-GAAP) percentage growth is expected to include an approximate 8% currency headwind based on the current rates, it stated.A Stocktwits user named “MAFFHEW_MCCONAGHEY” expressed optimism on the stock as interest rates are expected to come down in the coming times. Not only will that help the company’s fundamentals, but it also makes the stock’s dividend yield more attractive.<figure class="image"><a href="https://stocktwits.com/MAFFHEW_MCCONAGHEY/message/580376305"><img style="aspect-ratio:782/214;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_23_at_10_43_19_AM_ac0de082d7.png" alt="Stocktwits user MAFFEW_MCCONAGHEY's post on Coca Cola" width="782" height="214"></a><figcaption>Stocktwits user MAFFEW_MCCONAGHEY's post on Coca Cola</figcaption></figure>Photo Courtesy: James Yarema on Unsplash

Retail Sentiment Hits One Year High For Coca Cola After Strong Q2 Earnings: Here’s What’s Working For The Firm

Retail sentiment on Coca-Cola shifted into the extremely bullish territory, hitting a one-year high (95/100) after the beverage-maker reported strong second quarter earnings while also raising its full-year outlook.

Coca Cola Stock Retail Sentiment Hits One Year High After Strong Q2 Earnings

Stocktwits sentiment reached extremely bullish territory after the company said it raised its organic revenue (non-GAAP) growth forecast of 9% to 10% (up from 8% to 9%). Coca-Cola also raised its comparable EPS (non-GAAP) growth outlook by 1% to a new range of 5% to 6%. 


First Trust Exchange-Traded Fund III - First Trust Nasdaq Food & Beverage ETF

Volume	2,702.00
52-Wk High	$26.97
52-Wk Low	$21.55

FTXG First Trust Exchange-Traded Fund III - First Trust Nasdaq Food & Beverage ETF

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