In addition, management highlighted an evolving enterprise strategy, which focuses on five pillars to deliver sustainable growth. These comprise a road map to guide the company's employees' actions every day with directives to champion consumer-obsessed brand building, shape its now and next beverage portfolio, amplify the route-to-market advantage, produce fuel for growth and dynamically allocate capital. Keurig Dr Pepper is experiencing strong market share gains across categories. In the first quarter, ac ...

Keurig Dr Pepper Inc. (KDP) appears encouraging, thanks to its robust business strategies. The company has been gaining from expansion initiatives, innovation, brand strength and pricing actions. In the latest development, it has agreed to acquire the entire production, sales and distribution assets of independent bottler Kalil Bottling Co. (Kalil). Let's Delve Deeper The acquisition is likely to conclude in the third quarter of 2024. However, the terms of the agreement have been kept under cover. This acqu ...

Acquisition creates first Company-owned manufacturing, sales and distribution operations in Arizona BURLINGTON, Mass. and FRISCO, Texas, May 31, 2024 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today announced an agreement to acquire all production, sales and distribution assets of independent bottler Kalil Bottling Co. (Kalil). With the agreement, KDP's Company-owned direct-store-delivery (DSD) operations will gain new bottling and distribution rights in Arizona to key KDP brands including Canada Dry, 7 ...

Keurig Dr Pepper Inc. (KDP) seems well-poised for growth, thanks to its robust business strategies. The company has been gaining from expansion initiatives, innovation, brand strength and pricing actions. It has also been launching various products and expanding distribution across the international markets. Buoyed by such strengths, shares of this energy drinks and alternative beverages' marketer have gained 8.2% against the industry's 0.6% drop over the past year. Analysts seem quite optimistic about the ...

The company's profits are above expectations.Shares of coffee and carbonated beverage giant Keurig Dr Pepper (KDP 4.07%) popped on Thursday after the company reported soaring profits in its latest quarterly financial report. As of 2:40 p.m. ET, Keurig Dr Pepper stock was up 4% but it had been up almost 7% earlier in the day.Profits are up more than salesKeurig Dr Pepper mostly sells coffeemakers, coffee brewing supplies, and packaged beverages. In the first quarter of 2024, the company's net sales were only ...

Financial Data and Key Metrics Changes - In Q1, net sales growth accelerated to nearly 3%, with gross margin expanding by 350 basis points and operating income growing by 17.5% year-over-year [8][18][27] - Earnings per share (EPS) advanced 12%, exceeding initial expectations, and the company maintains a full-year outlook for mid-single-digit net sales and high single-digit EPS growth [16][64] Business Line Data and Key Metrics Changes - U.S. refreshment beverages saw mid-single-digit net sales growth, driven by solid growth in carbonated soft drinks (CSDs) and energy drinks, while U.S. coffee net sales declined by 2.1% [19][29] - The international segment reported an 11.8% increase in net sales, with strong performance in Latin America and broad-based strength across categories [62] Market Data and Key Metrics Changes - The owned and licensed market share in U.S. coffee began to recover, with distribution growth and increased marketing contributing to this positive trend [9][21] - The international segment's volume mix grew by 4.8%, with pricing up 2.2% year-over-year, indicating strong demand across various markets [62] Company Strategy and Development Direction - The company unveiled a new vision for the Keurig brewing system, introducing proprietary pods and brewers aimed at redefining consumer coffee brewing experiences [5] - The "evolve" strategy was introduced, focusing on consumer-obsessed brand building, enhancing the beverage portfolio, and optimizing capital allocation [45][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing strong execution and a robust start to the year, while acknowledging potential inflationary pressures [13][64] - The company anticipates continued top-line momentum in U.S. refreshment beverages and international segments, with a more muted contribution from U.S. coffee [64] Other Important Information - The company repurchased 38 million shares for $1.1 billion, marking the largest quarterly buyback in its history, and has $1.8 billion remaining on its buyback authorization [32][45] - The introduction of new products, such as Dr. Pepper Creamy Coconut and Canada Dry Fruit Splash, is expected to drive sales growth in the latter half of the year [51][98] Q&A Session Summary Question: How is the company managing inflation, particularly regarding green coffee and aluminum costs? - Management expects moderate inflation in 2024 and has factored this into their guidance, while also managing pricing strategies to maintain margins [38][39] Question: What marketing strategies are being employed to reach consumers effectively? - A barbell strategy is being used to reinforce value on the pod business while also driving premium offerings, with new marketing initiatives focused on value messaging expected to launch in Q2 [75] Question: Can you provide insights on the partnership with Black Rifle Coffee and its impact on coffee volumes? - The partnership with Black Rifle Coffee is seen as a significant addition to the Keurig ecosystem, expected to enhance coffee volume growth moving forward [96] Question: What is the expected cadence of innovation for the coffee segment? - The company anticipates a gradual recovery in pod volumes and consumption, supported by a stacked innovation plan for the remainder of the year [115] Question: How does the company view its share buyback strategy in relation to growth investments? - The share buyback strategy is opportunistic, with a primary focus on organic and inorganic growth, while maintaining a strong balance sheet [106]

Keurig Dr Pepper Inc. (KDP) has reported first-quarter 2024 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Both earnings and revenues improved year over year. Results have gained from continued brand strength and significant price realization.Adjusted earnings of 38 cents per share grew 11.8% year over year and beat the Zacks Consensus Estimate of 34 cents. Earnings gains resulted from improved operating income and lower share count, partly offset by a higher tax rate and ...

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, 2024 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 organiz ...

EXHIBIT 99.1 Keurig Dr Pepper Reports Q1 2024 Results and Reaffirms Fiscal 2024 Guidance Tim Cofer Appointed CEO & Board Member Effective April 26; Bob Gamgort to Serve as Executive Chairman Following Strong Q1, Company Continues to Expect On-Algorithm 2024 Net Sales and Adjusted EPS Growth BURLINGTON, MA and FRISCO, TX (April 25, 2024) – Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the first quarter of 2024, reaffirmed its full year guidance, and announced the completion of its CEO succes ...

Keurig Dr Pepper Inc. (KDP) is scheduled to release first-quarter 2024 results on Apr 25, before market open. The company is expected to register top-line growth when it reports first-quarter numbers. The Zacks Consensus Estimate for quarterly revenues is pegged at $3.43 billion, indicating 2.2% growth from the year-ago period’s reported number.The consensus estimate for KDP’s first-quarter earnings has been unchanged in the past 30 days at 34 cents per share. The consensus mark for earnings has been flat o ...