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, 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 organiz ...

Financial Data and Key Metrics Changes - The company reported a 25% increase in its quarterly dividend from $0.60 to $0.75 per share, reflecting strong free cash flow and confidence in future performance [3][12][49] - Adjusted diluted EPS grew 15% to $1.40 for the year, achieving the high end of 2020 guidance [20][39] - Free cash flow for 2020 was approximately $2.2 billion, with a conversion ratio exceeding 110% [47] Business Line Data and Key Metrics Changes - Coffee Systems constant currency net sales increased 4.8%, driven by higher volume/mix of 7.2% [40] - Packaged Beverages constant currency net sales grew 8.5%, with strong volume/mix of 8.2% [43] - Beverage Concentrates constant currency net sales declined 6% due to unfavorable volume/mix [45] - Latin America Beverages constant currency net sales grew 3.8%, reflecting strong net pricing [46] Market Data and Key Metrics Changes - The company gained market share in over 90% of its retail base, with significant growth in carbonated soft drinks and other beverage categories [16] - The coffee business saw a 21% increase in brewer shipments, indicating strong household expansion [18] Company Strategy and Development Direction - The company is committed to delivering both total shareholder return (TSR) and environmental, social, and governance (ESG) goals, with new initiatives planned for 2021 [12][13] - The company plans to roll out zero-sugar varieties across its carbonated soft drink portfolio and introduce new products in coffee and juice categories [28][30] - The company aims to achieve merger synergies of approximately $200 million in 2021, contributing to its three-year target of $600 million [55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2021 guidance, expecting constant currency net sales growth of 3% to 4% and adjusted diluted EPS growth of 13% to 15% [26][54] - The company anticipates facing higher inflationary pressures in 2021 but believes it can manage these costs effectively [66] Other Important Information - The company achieved nearly all of its sustainability goals in 2020 and plans to publish specifics in its corporate responsibility report [13][23] - The company has made significant capital investments in new manufacturing facilities to support growth [21][22] Q&A Session Summary Question: Insights on pod business and manufacturing facility - Management noted that coffee attachment rates have been steady, and they expect normalization over time. The Spartanburg facility has begun test runs and is expected to lower production costs [58][62] Question: Inflation management in Packaged Beverages - The company expects higher inflationary pressure in 2021, particularly in logistics and corn-related products, but believes it can manage exposure effectively [66] Question: Brewer growth and household penetration - Management indicated that brewer growth is not a direct predictor of household penetration, and while 2020 saw an increase to 3 million new households, they expect a return to historical growth rates in 2021 [86][90] Question: Competitive environment and marketing investments - The company plans to increase marketing investments in 2021, not as a reaction to competition but as part of a long-term strategy to build brand growth [105][107] Question: Shelf space and new brand initiatives - Management is optimistic about gaining shelf space and has made several strategic transactions to enhance distribution efficiency [111]

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) (I.R.S. employer identification number) Delaware 98-0517725 53 South Avenue Burlington, Massachusetts 01803 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, 2020 OR ☐ TRANSITION RE ...

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, 2020 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) Q3 2020 Results Conference Call October 29, 2020 8:00 AM ET Company Participants Tyson Seely - Vice President of Investor Relations Bob Gamgort - Chairman and Chief Executive Officer Ozan Dokmecioglu - Chief Financial Officer Conference Call Participants Bonnie Herzog - Goldman Sachs Kevin Grundy - Jefferies Nik Modi - RBC Peter Grom - JPMorgan Peter Galbo - Bank of America Lauren Lieberman - Barclays Bill Chappell - SunTrust Operator Good morning, ladies and gentlemen, ...

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, 2020 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 ...

Keurig Dr Pepper Inc. (Exact name of registrant as specified in its charter) 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, 2020 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 | Title of each class | Trading Symbol | Name of each ex ...

Keurig Dr Pepper Inc. (NASDAQ:KDP) Q1 2020 Earnings Conference Call April 27, 2020 5:00 PM ET Company Participants Tyson Seely - Vice President of Investor Relations Robert Gamgort - Chief Executive Officer Ozan Dokmecioglu - Chief Financial Officer Conference Call Participants Bryan Spillane - Bank of America Merrill Lynch Lauren Lieberman - Barclays Capital Peter Grom - JPMorgan Bonnie Herzog - Goldman Sachs Steve Powers - Deutsche Bank Kevin Grundy - Jefferies & Company Bill Chappell - SunTrust Robinson ...

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, 2019 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 incorpora ...

Financial Data and Key Metrics Changes - The company reported net sales of $2.87 billion for Q3 2019, a 0.5% increase compared to $2.86 billion in the prior year, reflecting strong underlying net sales growth of 3.1% driven by higher volume mix and favorable net price realization [40][41] - Adjusted operating income increased by 8% to $754 million, with operating margin advancing 190 basis points to 26.3% [41][42] - Adjusted diluted EPS increased by 6.7% to $0.32, with underlying adjusted EPS growth at 13% [52][55] Business Line Data and Key Metrics Changes - **Coffee Systems**: Net sales increased by 1.1% to $1.07 billion, driven by a higher volume mix of 3.1%, partially offset by lower net price realization [42][43] - **Packaged Beverages**: Net sales decreased by 2.2% to $1.31 billion, but underlying net sales grew by 3.1% driven by net price realization and volume mix [45][46] - **Beverage Concentrates**: Net sales increased by 8.8% to $360 million, driven by higher net price realization and volume mix growth [46][47] - **Latin America Beverages**: Net sales increased by 1.5% to $138 million, driven by higher net price realization, partially offset by lower volume mix [48][49] Market Data and Key Metrics Changes - The company grew dollar consumption and market share in key categories including CSDs, premium water, and shelf-stable fruit drinks [17] - KDP's dollar market share of K-Cup pods in tracked channels remained strong at 81.4% [19] Company Strategy and Development Direction - The company aims to provide a beverage for every need and has set ambitious three-year goals to grow revenue by 2% to 3%, operating income by 11% to 12%, and EPS by 15% to 17% [10] - The company is focused on expanding household adoption of the Keurig system and enhancing its product portfolio through innovation and partnerships [12][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving adjusted diluted EPS growth of 15% to 17% for the full year, with underlying net sales growth expected to reach approximately 3% [55][58] - The company anticipates that the impact from changes in the Allied Brands portfolio will switch from a headwind to a tailwind in Q4, contributing positively to growth in 2020 [34][55] Other Important Information - The company generated over $1.6 billion in free cash flow with a conversion rate of 130%, enabling significant debt reduction [15][54] - A long-term master licensing and distribution agreement for McCafé packaged coffee in the U.S. is set to take effect in the second half of 2020 [16] Q&A Session Summary Question: Free cash flow conversion sustainability - Management confirmed that the current free cash flow conversion rate of over 130% is expected to be sustainable, with continued focus on working capital management [60][61] Question: Brewer lineup and household penetration - Management discussed the improvements in brewer quality and features, which are expected to drive household penetration, emphasizing ongoing innovation and marketing efforts [62][64][66] Question: Allied Brands performance - Management acknowledged slower ramp-up in Allied Brands but emphasized that strong performance in core brands has offset this impact, with expectations for improved performance moving forward [70][73] Question: Beverage Concentrates pricing strategy - Management indicated that strong brand strength allows for effective pricing without significant volume degradation, with ongoing investments in marketing to support this segment [78][80] Question: Bai brand performance - Management noted that Bai is still a significant business but is not growing at expected levels, indicating plans for brand renovation and innovation to drive future growth [85][86] Question: Future M&A opportunities - Management stated that while current focus is on optimizing existing operations, future M&A opportunities will be considered as the company continues to grow [87][88]