Keurig Dr Pepper falls after Q3 sales miss on tepid demand
Updates
** Shares of Keurig Dr Pepper KDP.O down as much as 5.2% at $34.80, their lowest since Aug. 13
** If losses hold, stock set for worst day since October 2023
** KDP posts Q3 sales of $3.89 bln, missing analysts' estimates of $3.93 bln, due to softer demand in its U.S. coffee segment
** Logs quarterly profit of 51 cents per share, inline with analysts' estimates
** Co takes 60% stake in energy drink maker Ghost for $990 mln, plans to purchase the rest in 2028 as it looks to expand refreshment beverages portfolio
** Adds, initial step to take 60% stake expected to close in late 2024 or early 2025
** Including session's moves, KDP upabout 5% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
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