Welcome to our dedicated page for Keurig Dr Pepper news (Ticker: KDP), a resource for investors and traders seeking the latest updates and insights on Keurig Dr Pepper stock.
Keurig Dr Pepper Inc. (NASDAQ: KDP) is a prominent beverage company in North America, boasting annual revenues exceeding $14 billion and a workforce of approximately 28,000 employees. The company was established in 2018 through the merger of Keurig Green Mountain Coffee and Dr Pepper Snapple. KDP holds leading positions in various beverage categories, including soft drinks, specialty coffee and tea, water, juice, juice drinks, and mixers.
KDP markets the number one single-serve coffee brewing system in the U.S. and Canada, under the brands Keurig® and Green Mountain Coffee Roasters®. Its impressive portfolio comprises more than 125 owned, licensed, and partner brands designed to meet virtually any consumer need at any time. These brands include well-known names such as Dr Pepper®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® Hydration, and The Original Donut Shop®.
The company has built an extensive and powerful sales and distribution network that allows it to deliver both hot and cold beverages to nearly every point of purchase for consumers. This network supports both in-house manufacturing and distribution for its brands and third-party brands via licensing and partnership agreements.
KDP is committed to sustainability and corporate responsibility through its Drink Well. Do Good. platform, which includes initiatives for circular packaging, efficient natural resource use, and positive community impact.
Recent developments include a secondary offering by JAB Holding Company, which will sell 86,956,522 shares of KDP stock, with options for additional shares. KDP intends to repurchase 35 million shares as part of this offering, further solidifying its shareholder structure and market presence.
Moreover, the company continues to innovate with significant projects like the introduction of the K-Brew + Chill brewing system and the revolutionary K-Rounds™ plastic-free pods, enhancing its product portfolio with sustainable and consumer-friendly options. Strategic acquisitions, like the recent agreement to acquire Kalil Bottling Co., expand KDP's direct-store-delivery capabilities and market reach, particularly in fast-growing regions.
Keurig Dr Pepper continues to evolve with a strong focus on innovation, sustainability, and responsible corporate practices, ensuring it remains at the forefront of the beverage industry.
Keurig Dr Pepper (KDP) reported Q3 2024 results with net sales increasing 2.3% to $3.9 billion. On a constant currency basis, net sales grew 3.1%, driven by volume/mix growth of 3.5%. Adjusted diluted EPS increased 6.3% to $0.51, while operating cash flow reached $628 million. The U.S. Refreshment Beverages segment showed strong performance with 5.3% sales growth, while U.S. Coffee sales declined 3.6%. The company announced the acquisition of GHOST to strengthen its position in the energy drink market and reaffirmed its full-year 2024 guidance.
Keurig Dr Pepper (NASDAQ: KDP) has announced a definitive agreement to acquire GHOST, a lifestyle sports nutrition business known for its fast-growing energy drink brand. The acquisition will occur in two stages: KDP will initially purchase a 60% stake for approximately $990 million, followed by the remaining 40% stake in 2028. GHOST's net sales have more than quadrupled over the past three years, making it one of the fastest-growing brands in the energy category. The initial transaction is expected to close in late 2024 or early 2025, with GHOST's co-founders continuing to lead the business as part of KDP's U.S. Refreshment Beverages segment. KDP plans to invest up to $250 million starting mid-2025 to transition GHOST Energy's distribution to its direct store delivery network.
Keurig Dr Pepper (NASDAQ: KDP) has announced that it will release its financial results for the third quarter ended September 30, 2024 before the market opens on Thursday, October 24, 2024. The company will also hold a conference call on the same day at 8:00 AM (ET) to discuss the results. The call will be hosted by Tim Cofer, Chief Executive Officer, and Sudhanshu Priyadarshi, Chief Financial Officer and President, International.
Investors and analysts can access the call by dialing specific numbers for the US, Canada, and international participants. A replay of the call will be available from October 24, 2024, at approximately 11:00 AM (ET) until November 7, 2024. Additionally, a live audio webcast and replay of the event will be accessible through the Investors section of the company's corporate website.
Keurig Dr Pepper (NASDAQ: KDP) has announced a 7.0% increase in its annualized dividend rate to $0.92 per share, up from the current rate of $0.86 per share. The company's Board of Directors has approved this increase, which will be effective immediately. Additionally, KDP has declared a regular quarterly cash dividend of $0.23 per share, payable on October 11, 2024, to shareholders of record as of September 27, 2024. This dividend increase demonstrates KDP's commitment to delivering value to its shareholders and reflects confidence in the company's financial stability and growth prospects.
Black Rifle Coffee Company (NYSE: BRCC) has announced a long-term sales and distribution agreement with Keurig Dr Pepper (NASDAQ: KDP) for its new Black Rifle Energy™ drinks. The partnership combines BRCC's brand appeal with KDP's distribution network. The energy drinks, featuring 200mg of caffeine per 16-ounce can and zero sugar, will be available in four flavors. The product line is set to launch in Q4 and achieve nationwide availability by early 2025. KDP will handle distribution in most of its company-owned territories, aiming to boost retail presence and market share. This agreement expands on the existing K-Cup pod partnership between the two companies.
Keurig Dr Pepper (NASDAQ: KDP) has announced a multi-year partnership with the Federación Mexicana de Futbol (FMF), becoming an official partner of the U.S. tours for the Mexican Men's and Women's National Teams. Five KDP brands - Peñafiel®, Clamato®, Squirt®, 7UP® and McCafé at Home - will be the U.S. beverage category sponsors for both teams' U.S. tour matches.
The partnership includes consumer engagement experiences, sampling opportunities, and local retail market activations. MexTour, with an average attendance of nearly 60,000 per match in the last decade, has an estimated fan base of 60 million people. MexTour W, entering its third year in 2025, has an estimated fan base of 49 million.
This partnership aligns with KDP's strategy to connect with the growing Mexican soccer fanbase in the U.S., especially as anticipation builds for the 2026 FIFA World Cup and the 2027 FIFA Women's World Cup.
Keurig Dr Pepper (NASDAQ: KDP) has announced its participation in the Barclays Global Consumer Staples Conference on September 4, 2024 at 8:15 AM ET. CEO Tim Cofer and CFO & President of International Sudhanshu Priyadarshi will engage in a fireside chat during the event.
Investors and interested parties can access a live webcast of the event through the company's website, www.keurigdrpepper.com. For those unable to attend live, a recorded version and transcript will be made available in the Investors section of KDP's website after the event.
This participation highlights KDP's commitment to investor relations and transparency in communicating with stakeholders about the company's strategies and performance in the consumer staples sector.
Dr Pepper® has announced the return of 'Fansville' for its seventh season, coinciding with the start of the college football season. The popular satirical drama series will feature seven new episodes, including appearances by Texas Longhorns quarterback Quinn Ewers. The brand is also collaborating with fashion designer Nigel Xavier to create unique Dr Pepper-inspired football outfits.
The new season addresses recent changes in college football, such as the 12-team playoff expansion and conference realignments. Dr Pepper is celebrating its 10th anniversary as the Official Sponsor of the College Football Playoffs. The campaign will air on major networks and across various media platforms throughout the football season.
Keurig Dr Pepper (NASDAQ: KDP) reported Q2 2024 results and reaffirmed its fiscal 2024 guidance. Key highlights include:
- Net sales increased 3.5% to $3.92 billion
- Adjusted diluted EPS grew 7.1% to $0.45
- U.S. Refreshment Beverages net sales up 3.3% to $2.4 billion
- U.S. Coffee net sales decreased 2.1% to $1.0 billion
- International net sales surged 15.5% to $0.6 billion
The company expects on-algorithm net sales and adjusted EPS growth in 2024, driven by strong execution, consumer-centric innovation, and portfolio expansion into higher growth categories.
Keurig Dr Pepper (NASDAQ: KDP) will announce its second-quarter 2024 financial results on July 25, 2024, before the market opens. The company will host a conference call the same day at 8:00 AM (ET) to discuss these results with investors and analysts. Participants can join the call via specific phone numbers and reference the Keurig Dr Pepper call. A replay of the call will be available until August 8, 2024, both via phone and the company's corporate website. This announcement will provide key insights into KDP's financial performance for the quarter ended June 30, 2024.
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