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.
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.
Keurig Dr Pepper (NASDAQ: KDP) has published its 2023 Corporate Responsibility Report, showcasing significant strides in its sustainability and corporate responsibility goals.
The report highlights progress across four pillars: Environment, Supply Chain, Health & Well-Being, and People & Communities. Key achievements include a 21% reduction in Scope 1 and 2 emissions, a 12% reduction in Scope 3 emissions, a 15% reduction in virgin plastic use, and 27% post-consumer recycled content in packaging. Additionally, KDP supported regenerative agriculture on over 43,000 acres and responsibly sourced 100% of its coffee and cocoa.
The company also reported that 59% of its product portfolio now offers positive hydration, and it has made notable advances in community engagement and diversity representation. The report aligns with GRI, SASB, and TCFD standards.
The Original Donut Shop® Coffee, in collaboration with Country Superstar Kelsea Ballerini, has launched a new -edition coffee blend called the Ballerini Blend. This medium roast coffee with a buttery, creamy vanilla flavor is available exclusively on Keurig.com, while supplies last. The release coincides with National Donut Day. To celebrate, a brunch event in Nashville on June 7 will feature a live performance by Ballerini. Additionally, customers purchasing the Ballerini Blend will receive 50% off any additional box of The Original Donut Shop® K-cup pods on Keurig.com. This collaboration is part of an ongoing partnership between Ballerini and the brand, which includes the recent 'Brew Some Ooh' campaign.
Keurig Dr Pepper (NASDAQ: KDP) announced plans to acquire the production, sales, and distribution assets of Kalil Bottling Co. in Arizona.
This acquisition marks KDP's first company-owned manufacturing and distribution operations in the state, enabling it to service 7.4 million consumers and 4,500 retail outlets.
KDP will operate production and distribution centers in Tucson and Tempe, adding approximately 425 employees with active recruitment from Kalil's talent base.
The acquisition, expected to close in Q3 2024, strengthens KDP's national direct-store-delivery (DSD) operations and enhances market reach and local consumer insight.
Keurig Dr Pepper (NASDAQ: KDP) has announced that CEO Tim Cofer and CFO Sudhanshu Priyadarshi will present at the Deutsche Bank dbAccess Global Consumer Conference on June 5, 2024, at 8:45 AM ET.
The presentation will be accessible via a live webcast on the company's website, with a recorded version and transcript available later in the Investors section.
For more information, stakeholders can contact Keurig Dr Pepper's Investor Relations or Media Contact.
Keurig Dr Pepper (NASDAQ: KDP) has announced a regular quarterly cash dividend of $0.215 per share.
This dividend will be paid on July 12, 2024, to shareholders who are on record by June 28, 2024.
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