Net sales down 1.1 percent compared with prior year
Keurig Dr Pepper Inc. (KDP), Burlington, Mass., and Plano, Texas, reported financial results for the first quarter ended March 31, 2019.
The net sales of $2.5 billion in the first quarter of 2019 declined 1.1 percent, compared with adjusted pro forma net sales of $2.53 billion in the prior year period, reflecting strong underlying net sales growth of 2.5 percent that was more than offset by the expected unfavorable impacts of changes in the company’s allied brands portfolio, as well as calendar timing, the company says.