Keurig Dr Pepper Forecasts Strong Growth as JDE Peet Acquisition Offsets Rising Coffee Costs
Keurig Dr Pepper expects a major revenue boost from its JDE Peet acquisition despite rising coffee costs. Shares rose today after the firm beat Q4 estimates.
Insights:
Keurig Dr Pepper Inc. today projected stronger full-year results and raised its annual net sales guidance, citing the pending roughly $18 billion acquisition of JDE Peet's N.V. as the primary boost. The transaction, which brings together the beverage leader from the United States 
US and the coffee specialist from the Netherlands 
NL, is expected to materially affect the company's scale and leverage upon completion.
US and the coffee specialist from the Netherlands NL, is expected to materially affect the company's scale and leverage upon completion.
