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Keurig Dr Pepper Inc. on Thursday reported a second-quarter profit as consumer behavior during the coronavirus pandemic led to higher sales.
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|KDP||KEURIG DR PEPPER||30.54||-0.72||-2.30%|
The Burlington, Mass.-based company, which makes office coffee systems and soft drinks, said higher home-use sales of its K-Cup coffee systems more than offset a fall in demand from the systems for offices and hospitality customers. Coffee sales increased 5.4% to $1.04 billion, the company said.
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Packaged-beverage sales grew 6.2% to $1.39 billion in the quarter, partially driven by new products under the Canada Dry and Dr Pepper brands.