Keurig Dr Pepper has booked fourth-quarter results that beat analyst estimates despite the US group recording a $718m impairment for the period. The Canada Dry owner exceeded market expectations in the period,

Beverage company Keurig Dr Pepper (NASDAQ:KDP) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 5.2% year on year to $4.07 billion. Its non-GAAP profit of $0.58 per share was in line with analysts’ consensus estimates.

Shares of Keurig Dr Pepper (KDP) rose 2.40% on Tuesday following the beverage giant's better-than-expected fourth-quarter results, lifting retail sentiment. Keurig Dr Pepper’s fourth-quarter earnings per share came in at $0.