08:08 AM EDT, 04/25/2024 (MT Newswires) -- Keurig Dr Pepper ( KDP ) reported Q1 adjusted earnings Thursday of $0.38 per diluted share, compared with $0.34 a year earlier.

Analysts surveyed by Capital IQ expected $0.35.

Revenue for the quarter ended March 31 was $3.47 billion, compared with $3.35 billion a year earlier. Analysts surveyed by Capital IQ expected $3.41 billion.

The company said it continues to expect 2024 net sales growth in a mid-single-digit range and adjusted diluted EPS growth in a high-single-digit range. Analysts polled by Capital IQ expect adjusted earnings of $1.91 per share on revenue of $15.37 billion.

Shares of Keurig Dr Pepper ( KDP ) were up nearly 3% in recent premarket activity.

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