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 ...

Keurig Dr Pepper, Inc. (NASDAQ:KDP) Q2 2021 Earnings Conference Call July 29, 2021 8:00 AM ET Company Participants Tyson Seely - VP, IR Robert Gamgort - Executive Chairman, President & CEO Ozan Dokmecioglu - CFO & President, International Conference Call Participants Bonnie Herzog - Goldman Sachs Group Kevin Grundy - Jefferies Bryan Spillane - Bank of America Merrill Lynch Lauren Lieberman - Barclays Bank Andrea Teixeira - JPMorgan Chase & Co. Steve Powers - Deutsche Bank Sean King - UBS Christopher Carey - ...

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, 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 incor ...