PLANO, Texas (AP) — In a story Wednesday about Keurig Dr Pepper’s quarterly results — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously the results from Dr Pepper Snapple Group’s second quarter to be those of Keurig Dr Pepper. Keurig Green Mountain and Dr Pepper Snapple Group completed their merger in July, becoming Keurig Dr Pepper. The two companies reported their pre-merger second-quarter results separately on Wednesday.
The story also incorrectly reported that Keurig Dr Pepper shares had dropped 75 percent since the beginning of the year. The stock only began trading in July.
A corrected version of the story is below:
Keurig Dr Pepper: 2Q Earnings Snapshot
Keurig Dr Pepper: 2Q Earnings Snapshot
PLANO, Texas (AP) — Keurig Dr Pepper Inc. (KDP) on Wednesday reported second-quarter results for Keurig Green Mountain and Dr Pepper Snapple Group. The two companies completed a merger in July forming Keurig Dr Pepper.
Dr Pepper Snapple Group Inc. reported second-quarter earnings of $235 million.
The Plano, Texas-based company said it had net income of $1.30 per share.
The maker of beverages such as 7Up, Sunkist and Mott’s posted revenue of $1.89 billion in the period.
Keurig Green Mountain Inc., known for its K-Cup coffee pods, reported adjusted operating income of $288 million on net sales of $949 million. Prior to the merger with Dr Pepper Snapple Group, the company had been privately held.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KDP at https://www.zacks.com/ap/KDP
