Financial Data and Key Metrics Changes - Total company net sales increased by 11.8% to $3.6 billion, driven by growth across all segments, particularly in the cold beverage business [27][30] - Adjusted gross profit grew by 8.6%, with a gross margin of 54.8%, reflecting significant price increases that approached inflation levels [28][29] - Adjusted operating income increased by 2%, while adjusted net income rose by 4.3%, leading to a 4.5% increase in adjusted diluted EPS to $0.46 [29][30] Business Line Data and Key Metrics Changes - Packaged beverage net sales grew by 15.6%, driven by higher net price realization and effective marketing [30] - Coffee system net sales increased by 5.2%, with a decline in brewer shipments of 15% compared to last year, but still 16% above pre-COVID levels [32][33] - Latin America beverage segment net sales advanced by 28.8%, with strong performance from brands like Peñafiel and Clamato [34][25] Market Data and Key Metrics Changes - The company reported a 12% increase in dollar consumption for carbonated soft drinks, with share gains in premium waters, seltzers, and teas [13][14] - The single-serve coffee category saw a 6% increase in consumption, with KDP maintaining an 82% market share in manufactured pods [19][20] Company Strategy and Development Direction - The company focuses on managing its business for various macroeconomic outcomes, leveraging a resilient operating model to drive success [9][10] - Strategic partnerships, such as with Red Bull in Mexico, aim to enhance market presence and operational efficiencies [25][66] - The company is committed to adding 2 million new households to the Keurig system annually, with a long-term view of over 50 million potential households [12][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate inflationary pressures and maintain strong market share [10][29] - The outlook for Q4 is positive, with expectations for margin improvement and strong EPS growth driven by effective pricing strategies [89][90] - The company anticipates a normalization of household penetration rates post-COVID, aligning with long-term growth targets [60][61] Other Important Information - The company announced the appointment of a new CFO, Sudhanshu Priyadarshi, to strengthen its financial strategy [38] - A strategic realignment of the supply chain organization aims to enhance productivity and decision-making speed [39][96] Q&A Session Summary Question: Brewer shipments decline context and holiday plans - Management clarified that the decline in brewer shipments aligns with the target of adding 2 million households, which requires fewer brewer sales compared to previous years [44][45] Question: Private label performance in coffee - Management noted limited exposure to private label competition and emphasized the company's strong market share in various categories [55][56] Question: M&A environment and valuations - Management indicated a changing M&A environment with opportunities for strategic partnerships rather than low-cost acquisitions [64][66] Question: Coffee profit drivers and margin outlook - Management highlighted that green coffee inflation was a major factor affecting profitability, but expects significant improvements in Q4 [76][78] Question: Inventory levels and holiday season expectations - Management reassured that elevated inventory levels are manageable and positioned for a strong holiday season, emphasizing the functional appeal of Keurig brewers [81][87]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number 001-33829 Keurig Dr Pepper Inc. (Exact name of registrant as specified in its charter) Delaware 98-0517725 (State or other jurisdiction of ...

Financial Data and Key Metrics Changes - For Q2 2022, net sales increased by 13.5%, with volume mix up more than 3% and all four segments posting strong growth [20] - Adjusted gross profit rose by 10%, while adjusted gross margin declined by 180 basis points due to a timing gap between pricing and inflation [20][22] - Adjusted net income increased approximately 3%, with adjusted diluted earnings per share also rising 3% to $0.39 [23] Business Line Data and Key Metrics Changes - Coffee Systems net sales were up 9%, driven by higher pricing and increased volume mix, with pod sales growing 10% and brewer sales growing almost 6% [24][25] - Cold beverages net sales increased by 13%, with Beverage Concentrates net sales up 23% and Latin America Beverages net sales up 27% [40][41] - The company experienced total inflation exceeding 17% in Q2, impacting adjusted operating income [22] Market Data and Key Metrics Changes - In carbonated soft drinks, dollar consumption grew by 11%, maintaining market share gains [36] - CORE Hydration and Snapple showed strength in the non-carbonated portfolio, with CORE being the fastest-growing brand in the Premium Unflavored Water Category [38] - Vita Coco grew over 16% in the quarter, advancing household penetration by 9% [39] Company Strategy and Development Direction - The company aims to attract about 2 million new households annually into the Keurig System, with a focus on connected brewers and new beverage formats [15] - Strategic investments in marketing and brand renovation are expected to drive growth in core brands and enhance distribution effectiveness [16] - The company is considering M&A as a leading opportunity for capital allocation, focusing on disciplined evaluations of potential acquisitions [47][48] Management's Comments on Operating Environment and Future Outlook - Management noted that broad-based inflation continues to impact industry margins, but brand strength has held up well [10] - The company expects inflation to be higher in Q3, driven by Green Coffee positions, but anticipates offsetting this with pricing realization [56] - The outlook for the second half includes guidance for low double-digit net sales growth and mid-single-digit adjusted diluted earnings per share growth [53] Other Important Information - The company announced an agreement to acquire the global rights to the non-alcohol, ready-to-drink cocktail brand Atypique, expanding its portfolio [42] - The company completed a minority investment in Tractor Beverage, enhancing its food service channel capabilities [43] - The company repurchased approximately 2.5 million shares during the quarter at an average price of $34.51 per share [50] Q&A Session Summary Question: Plans for further price increases in the back half of the year - Management indicated they are largely covered on input costs and have a good line of sight into price realization for the remainder of the year, with readiness to take further pricing actions if necessary [66][70] Question: Changes in M&A environment and focus on profitability - Management emphasized a consistent focus on profitability and cash flow in evaluating potential partnerships and acquisitions, remaining disciplined in their approach [73][75] Question: Consumer behavior and pod attach rates - Management noted that household penetration is the biggest driver of growth, and they do not foresee significant trade-offs between coffee forms within the home during economic slowdowns [82][86] Question: SG&A expenses and marketing investment levels - Management explained that higher SG&A was driven by transportation and warehousing expenses, along with increased marketing investments, and indicated plans to increase marketing spend over time [93][100] Question: Brewer sales outlook and retail inventory levels - Management expressed confidence in maintaining household penetration growth and indicated that brewer sales are not expected to significantly impact household penetration despite some elasticity effects [110][112]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2022 OR (Exact name of registrant as specified in its charter) Delaware 98-0517725 (State or other jurisdiction of incorporation or organization) (I.R.S. employer identification number) 53 South Avenue Burlington, Massachusetts 01803 (Address of principal executive offices) (781) 418-7000 (Registran ...

Keurig Dr Pepper Inc. (NASDAQ:KDP) Q1 2022 Earnings Conference Call April 28, 2022 8:00 AM ET Company Participants Steve Alexander - Vice President of Investor Relations Bob Gamgort - Chairman & Chief Executive Officer Ozan Dokmecioglu - Chief Financial Officer & President Conference Call Participants Bryan Spillane - Bank of America Bonnie Herzog - Goldman Sachs Lauren Lieberman - Barclays Kevin Grundy - Jefferies Chris Carey - Wells Fargo Securities Andrea Teixeira - JPMorgan Brett Cooper - Consumer Edge ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2022 OR (Exact name of registrant as specified in its charter) Delaware 98-0517725 (State or other jurisdiction of incorporation or organization) (I.R.S. employer identification number) 53 South Avenue Burlington, Massachusetts 01803 (Address of principal executive offices) (781) 418-7000 (Registra ...

Keurig Dr Pepper Inc. (NASDAQ:KDP) Q4 2021 Earnings Conference Call February 24, 2022 8:00 AM ET Company Participants Steve Alexander – Senior Director of Investor Relations Bob Gamgort – Chairman and Chief Executive Officer Ozan Dokmecioglu – Chief Financial Officer Conference Call Participants Bonnie Herzog – Goldman Sachs Chris Carey – Wells Fargo Securities Kevin Grundy – Jefferies Brett Cooper – Consumer Edge Lauren Lieberman – Barclays Andrea Teixeira – JPMorgan Operator Good morning ladies and gentl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 001-33829 Keurig Dr Pepper Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization ...

Keurig Dr Pepper, Inc. (NASDAQ:KDP) Q3 2021 Earnings Conference Call October 28, 2021 8:00 AM ET Company Participants Steve Alexander - Senior Director of Investor Relations Robert Gamgort - Chairman and Chief Executive Officer Ozan Dokmecioglu - Chief Financial Officer and President, International Conference Call Participants Bonnie Herzog - Goldman Sachs Chris Carey - Wells Fargo Peter Galbo - Bank of America Merrill Lynch Andrea Teixeira - JP Morgan Kevin Grundy - Jefferies & Company Brett Cooper - Consu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number 001-33829 Keurig Dr Pepper Inc. (Exact name of registrant as specified in its charter) Delaware 98-0517725 (State or other jurisdiction of ...