Keurig Dr Pepper Reaffirms Guidance for 2022 and Announces a Fireside Chat on December 15, 2022

Rhea-AI Summary

Keurig Dr Pepper Inc. (NASDAQ: KDP) has reaffirmed its 2022 guidance, projecting constant currency net sales growth in the low-double-digit range and Adjusted EPS growth in the mid-single-digit range. A virtual Fireside Chat with management will take place on December 15, 2022, at 2:30 PM ET, hosted by BofA Securities analyst Bryan Spillane. The company reported annual revenue nearing $13 billion and maintains leadership in several beverage sectors.

Positive

• Reaffirmed 2022 guidance for low-double-digit net sales growth.
• Projected mid-single-digit Adjusted EPS growth.

Negative

• None.

BURLINGTON, Mass. and FRISCO, Texas, Dec. 5, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today reaffirmed its 2022 guidance for constant currency net sales growth in the low-double-digit range and Adjusted EPS growth in the mid-single-digit range.

The Company also announced a virtual Fireside Chat with management on December 15, 2022 at 2:30 PM (ET) that will be hosted by Equity Analyst Bryan Spillane with BofA Securities.  Access to the live event will be available in the Investors section of KDP's website, www.keurigdrpepper.com.

Investor Contacts:
Steve Alexander
T: 972-673-6769 / steve.alexander@kdrp.com

Chethan Mallela
T: 646-620-8761 / chethan.mallela@kdrp.com

Media Contact:
Katie Gilroy
T: 781-418-3345 / katie.gilroy@kdrp.com

About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue approaching $13 billion and approximately 27,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop®. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company is committed to sourcing, producing and distributing its beverages responsibly through its Drink Well. Do Good. corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability. For more information, visit www.keurigdrpepper.com.

FORWARD LOOKING STATEMENTS
Certain statements contained herein are "forward-looking statements" within the meaning of applicable securities laws and regulations. These forward-looking statements can generally be identified by the use of words such as "outlook," "guidance," "anticipate," "expect," "believe," "could," "estimate," "feel," "forecast," "intend," "may," "plan," "potential," "project," "should," "target," "will," "would," and similar words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These statements are based on the current expectations of our management, are not predictions of actual performance, and actual results may differ materially.

Forward-looking statements are subject to a number of risks and uncertainties, including the factors disclosed in our Annual Report on Form 10-K and subsequent filings with the SEC. We are under no obligation to update, modify or withdraw any forward-looking statements, except as required by applicable law.

NON-GAAP FINANCIAL MEASURES
This release includes certain non-GAAP financial measures including Adjusted operating income, Adjusted net income, Adjusted diluted EPS, free cash flow and financial measures presented on a constant currency basis, which differ from results using U.S. Generally Accepted Accounting Principles (GAAP). These non-GAAP financial measures should be considered as supplements to the GAAP reported measures, should not be considered replacements for, or superior to, the GAAP measures and may not be comparable to similarly named measures used by other companies. Non-GAAP financial measures typically exclude certain charges, including one-time costs that are not expected to occur routinely in future periods. The Company uses non-GAAP financial measures internally to focus management on performance excluding these special charges to gauge our business operating performance. Management believes this information is helpful to investors because it increases transparency and assists investors in understanding the underlying performance of the Company and in the analysis of ongoing operating trends. Additionally, management believes that non-GAAP financial measures are frequently used by analysts and investors in their evaluation of companies, and their continued inclusion provides consistency in financial reporting and enables analysts and investors to perform meaningful comparisons of past, present and future operating results. The most directly comparable GAAP financial measures and reconciliations to non-GAAP financial measures are set forth in the appendix to this release and included in the Company's filings with the SEC.

To the extent that the Company provides guidance, it does so only on a non-GAAP basis and does not provide reconciliations of such forward-looking non-GAAP measures to GAAP due to the inability to predict the amount and timing of impacts outside of the Company's control on certain items, such as non-cash gains or losses resulting from mark-to-market adjustments of derivative instruments, among others.

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SOURCE Keurig Dr Pepper Inc.

FAQ

What is Keurig Dr Pepper's 2022 sales growth guidance?

Keurig Dr Pepper projects constant currency net sales growth in the low-double-digit range for 2022.

When is the Fireside Chat hosted by Keurig Dr Pepper's management?

The Fireside Chat is scheduled for December 15, 2022, at 2:30 PM ET.

What is the expected Adjusted EPS growth for Keurig Dr Pepper in 2022?

Keurig Dr Pepper expects mid-single-digit growth in Adjusted EPS for 2022.

What are the key financial figures for Keurig Dr Pepper?

Keurig Dr Pepper's annual revenue is approaching $13 billion.

Who is hosting the Fireside Chat with Keurig Dr Pepper?

The Fireside Chat will be hosted by Bryan Spillane, an Equity Analyst at BofA Securities.