Markets
markets
Kelly Cloonan
2/25/25

American soda guzzlers fuel Keurig Dr Pepper’s sales and earnings beat

Keurig Dr Pepper delivered a modest beat on both the top and bottom line last quarter as consumers drank more of its beverages at higher prices, sending shares up 2% in premarket trading.

The coffee and soda maker reported adjusted earnings per share of $0.58 for the fourth quarter ahead of market open on Tuesday, exceeding estimates by a penny. Sales, meanwhile, rose 5% from the year before to $4.07 billion, coming in above the $4.01 billion consensus estimate of analysts polled by Bloomberg. In short, the results — and the market reaction — look a lot more like Coca-Cola than PepsiCo.

The sales beat was fueled by strong growth in its US beverages segment, which includes brands like 7UP, Crush, Snapple, and its namesake Dr Pepper, plus its recent bet on energy drinks with partner brands Electrolit, C4, and a recent acquisition of Ghost for over $1 billion. Sales in the segment rose over 10% to $2.4 billion, driven by higher volumes and prices. International sales also rose, up 1% from a year before to $499 million.

The company’s US coffee segment, meanwhile, continued to decline as expected, with sales falling over 2% as unfavorable prices more than offset a slight rise in K-Cup pod shipments. Coffee companies have been in fierce competition for inflation-weary customers in recent quarters, trying to win market share with discounts and coupons while dealing with rising input costs of their own. But after prices cuts weighed on its coffee revenue in Q3, the company had said it planned to raise prices in early 2025.

Going forward, management said they expect adjusted earnings per share growth in a high-single-digit range and net sales growth in a mid-single-digit range for 2025, with headwinds from currency fluctuations causing a 1 to 2 percentage point drag on full-year top- and bottom-line growth.

Kelly Cloonan is a journalist who has written for Business Insider and Fast Company.

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markets
Matt Phillips
9m

Rocket lab soars to new record close amid rally for retail faves

Rocket Lab ripped by roughly 10% Friday to close at a new all-time high, riding an upturn of retail enthusiasm for a coterie of tech-themed favorites, even as the broader market was more or less flat on the day.

Goldman Sachs’ basket of “retail favorites” — its heaviest weights are Reddit, AppLovin, and Tempus AI — was the second-biggest gainer among the company’s flagship US equity baskets on Friday, rising about 1.6%. The S&P was almost dead flat.

It’s not Rocket Lab’s first retail rodeo, as the money-losing company has more than doubled this year and is up nearly 700% over the last 12 months.

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markets
Nia Warfield
3h

Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season-pass sales heading into the fall. The nine-week period ending August 31 saw 17.8 million guests, up about 2% from the same stretch in 2024, with stronger momentum in the final four weeks. 

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up around 3%.

The good vibes come despite a drop in in-park per capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant extended a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down around 52% year-to-date.

markets
Max Knoblauch
4h

Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’s “big, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

markets
J. Edward Moreno
4h

Moderna, Pfizer dip after WaPo reports Trump officials’ plan to link Covid vaccines to child deaths

Vaccine makers are falling after The Washington Post reported that the Trump administration plans to link the coronavirus vaccine to 25 child deaths.

Moderna and Pfizer, the two companies who sell the vaccine in the US, fell by more than 5% and 2%, respectively. The coronavirus vaccine is virtually the only revenue driver for Moderna, while Pfizer has a larger and more diverse portfolio.

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