EXHIBIT 99.1 Keurig Dr Pepper Reports Q2 2024 Results and Reaffirms Fiscal 2024 Guidance Net Sales Led by Double-Digit Growth in International and Solid U.S. Refreshment Beverages Performance Company Continues to Expect On-Algorithm Net Sales and Adjusted EPS Growth in 2024 BURLINGTON, MA and FRISCO, TX (July 25, 2024) – Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the second quarter of 2024 and reaffirmed its full year guidance. | | | Reported GAAP Basis | Adjusted Basis | 1 | | --- | --- ...

Keurig Dr Pepper reported quarterly earnings and revenue that met analysts' expectations on Thursday as higher prices fueled its U.S. soda sales. Earnings per share: 45 cents adjusted, in line with estimates Revenue: $3.92 billion, in line with estimates Net sales rose 3.5% to $3.92 billion. Volume, which excludes pricing and currency changes, increased 1.8% during the quarter, while prices were up 1.6% compared with the year-ago period. Keurig Dr Pepper's U.S. coffee division's sales shrank 2.1% to $1 bill ...

Net Sales Led by Double-Digit Growth in International and Solid U.S. Refreshment Beverages Performance Company Continues to Expect On-Algorithm Net Sales and Adjusted EPS Growth in 2024 BURLINGTON, Mass. and FRISCO, Texas, July 25, 2024 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the second quarter of 2024 and reaffirmed its full year guidance. Commenting on the quarter, CEO Tim Cofer stated, "Our second quarter results were healthy, with accelerating net sales trends, sig ...

SOPA Images/LightRocket via Getty Images Firstly, let us look at KDP stock performance in recent years. It has witnessed gains of 15% from levels of $30 in early January 2021 to around $35 now, vs. an increase of about 50% for the S&P 500 over this period. However, the increase in KDP stock has been far from consistent. Returns for the stock were 15% in 2021, -3% in 2022, and -7% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 — indicating that KDP underp ...

Core Viewpoint - Keurig Dr Pepper is expected to report strong quarterly performance driven by brand strength, effective pricing strategies, and product innovation, despite facing challenges from commodity inflation and sluggishness in the Coffee segment [1][4][9]. Financial Performance - The company is anticipated to achieve top and bottom-line growth, with quarterly revenues estimated at $3.90 billion, reflecting a 3% increase year-over-year [2]. - The consensus estimate for earnings per share is 45 cents, indicating a 7.1% year-over-year increase [6]. - In the last reported quarter, Keurig Dr Pepper delivered an earnings surprise of 11.8%, with an average surprise of 5.2% over the trailing four quarters [3]. Market Position and Valuation - Keurig Dr Pepper's shares have increased by 6.6% over the past six months, outperforming the industry growth of 5.9% [8]. - The stock is trading at a forward 12-month price-to-earnings ratio of 16.62x, which is below its five-year high of 23.7x and the industry average of 20.75x, presenting an attractive investment opportunity [5]. Challenges - The company is facing rising costs due to commodity inflation and increased marketing investments, which are impacting profitability [4]. - There has been sluggish performance in the Coffee segment, with lower volumes and declines in K-pod shipments affecting results [9].

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Keurig Dr Pepper, Inc (KDP) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - The company is expected to report quarterly earnings of $0.45 per share, reflecting a year-over-year increase of +7.1% [3] - Revenues are projected to be $3.9 billion, representing a 3% increase from the previous year [15] Estimate Revisions and Predictions - Recent estimate revisions indicate a bearish outlook from analysts, resulting in an Earnings ESP of -1.46%, suggesting difficulty in predicting an earnings beat [7][8] - The consensus EPS estimate has been revised 0.04% lower over the last 30 days, indicating a reassessment by covering analysts [15] Earnings Surprise History - Over the last four quarters, Keurig Dr Pepper has consistently beaten consensus EPS estimates [10] - For the last reported quarter, the company was expected to post earnings of $0.34 per share but delivered $0.38, resulting in a surprise of +11.76% [19] Zacks Rank and Predictive Power - The company currently holds a Zacks Rank of 4 (Sell), which complicates the prediction of an earnings beat [18] - A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a higher Zacks Rank [17]

Core Strategy - Keurig Dr Pepper's enterprise strategy focuses on five pillars aimed at sustainable growth, including consumer-focused brand building, beverage portfolio management, route-to-market advantages, growth fuel production, and dynamic capital allocation [1] - The company has demonstrated consistent strength in its brand portfolio and in-market execution, which has positively impacted revenues and is expected to help navigate a challenging operating environment [1] Acquisition - The company has agreed to acquire the production, sales, and distribution assets of Kalil Bottling Co., expected to conclude in Q3 2024, which will enhance its bottling and distribution capabilities in Arizona for major brands [2] Financial Performance - Keurig Dr Pepper's shares have increased by 6% over the past three months, outperforming the industry average increase of 2.4% [3] - The Zacks Consensus Estimate for 2024 sales and EPS is projected at $15.43 billion and $1.92, indicating year-over-year growth of 4.1% and 7.3% respectively [12] - For 2025, the estimates stand at $15.99 billion in sales and $2.06 in EPS, suggesting increases of 3.7% and 7.2% year-over-year [12] Segment Performance - The Refreshment Beverages segment has benefited from higher net price realization, with sales in the U.S. segment rising 4.3% year-over-year to $2.1 billion in Q1 2024 [15] - The company is experiencing market share gains in its Canadian coffee business, particularly with Keurig brewers and the Van Houtte brand [10] Challenges - The company faces persistent cost pressures in transportation, warehousing, and labor, along with higher marketing investments, which are impacting profitability [7] - The U.S. Coffee segment saw a 2.1% year-over-year sales decline in Q1 2024, attributed to a net price drop of 1.8% and a slight volume/mix decrease of 0.3% [7]

Access to a live audio webcast and replay of the event will be available in the Investors section of the Company's corporate website, www.keurigdrpepper.com. Media: Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America, with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere. With annual revenue of approximately $15 billion, we hold leadership positions in beverage categories i ...

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Keurig Dr Pepper, Inc is currently sporting a Zacks Rank of #2 (Buy). Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Has Keurig Dr Pepper, Inc (KDP) been one of those stocks this year? Let's take a closer loo ...

Core Insights - The Coca-Cola Company and PepsiCo have been in a long-standing competition known as the Cola Wars, with recent developments indicating a shift in market positions [1][10] - Keurig Dr Pepper has reportedly matched Pepsi in market share for carbonated beverages, marking a significant change after nearly 40 years [10][11] - Despite the shift in rankings, Pepsi's diverse product portfolio, including snacks, continues to support its profitability [6][15] Market Position - Dr Pepper has overtaken Pepsi in carbonated beverage sales volume, with both brands holding an 8.3% market share in 2023, while Coca-Cola leads with 19.2% [11][10] - In the year 2000, Pepsi held a 13.5% market share compared to Dr Pepper's 6.3%, highlighting a significant change over the past two decades [11] Financial Performance - Keurig Dr Pepper's earnings per share (EPS) have more than doubled over the last five years, and its dividend growth has outpaced many peers, although its price-to-earnings (P/E) ratio has halved [5][13] - The current dividend yield for Keurig Dr Pepper is approximately 2.5%, which is near its historical highs, indicating potential for future earnings growth [13] Business Strengths - Pepsi's snack division, particularly Frito-Lay North America, accounted for 57% of its operating profit in Q1 2024, underscoring the importance of its diversified portfolio [15] - Both Keurig Dr Pepper and Pepsi have strong brand portfolios, with Pepsi still holding significant positions in the market with brands like Mountain Dew and Diet Pepsi [14] Future Outlook - The growth potential for Keurig Dr Pepper lies in its diverse brand portfolio, which includes both carbonated beverages and coffee, suggesting opportunities for market share expansion [12] - Investors in Pepsi are encouraged to maintain their positions, as the company remains a major player in the consumer goods sector with ongoing profit growth, particularly in international markets [16][17]