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 Q1 2023 results with net sales of $3.35 billion, reflecting an 8.9% year-over-year increase. Adjusted diluted EPS increased 3.0% to $0.34, while GAAP diluted EPS fell 19.5% to $0.33. The company reaffirmed its full-year guidance, projecting 5% net sales growth and 6%-7% EPS growth. Key drivers included a 12.7% increase in U.S. Refreshment Beverages sales, supported by successful new product launches. However, the at-home coffee segment saw a 1.3% decline in net sales, impacted by changing consumer mobility trends. Operating income also fell 39.5% due to prior year gains and inflationary pressures. Free cash flow was $16 million, with share repurchases totaling about $231 million.
Keurig Dr Pepper (NASDAQ: KDP) will announce its Q1 2023 financial results on April 27, 2023, prior to the market opening. The company will conduct a conference call at 8:00 AM ET on the same day to discuss these results with investors and analysts. Parties interested can join by calling (833) 629-0615 from the U.S. or Canada, or (412) 317-1824 internationally, mentioning the KDP conference.
A replay of the call will be available from April 27, 2023, 11:00 AM ET to May 11, 2023, accessible via (877) 344-7529 or (412) 317-0088 using conference ID 7814809. A live audio webcast and replay will also be provided on the company’s website.
Keurig Dr Pepper (KDP) has established a multi-year partnership with the American and Canadian Red Cross to support communities in need. Over the next three years, KDP will contribute $1.5 million in financial aid and donate products. The partnership aims to enhance disaster preparedness and provide essential services, including blood drives and wellness programs. KDP becomes the first beverage company to sponsor the Canadian Red Cross's Community Health initiatives, offering resources like medical equipment loans and food services. This collaboration underscores KDP's commitment to community resilience post-COVID-19.
Keurig Dr Pepper (KDP) reported strong growth for 2022, achieving a 10.8% increase in net sales to $14.06 billion and adjusting diluted EPS growth of 5%. In Q4 2022, net sales reached $3.80 billion, up 12.1% year-over-year. KDP expanded its market share in cold beverages and added 10 million households to its Keurig brewing system since 2018. The company distributed $1.5 billion to shareholders, including a 6.7% increase in dividends. For 2023, KDP expects 5% net sales growth and 6-7%% adjusted EPS growth, despite facing inflationary pressures.
Snapple celebrates the 20th anniversary of its Real Facts® with the launch of the Snapple fAIct Generator, an AI tool allowing fans to create their own facts. Developed in collaboration with OpenAI, the generator encourages social media sharing and will store user-generated facts, some of which may appear under bottle caps in 2024. The initiative highlights Snapple's commitment to fun and interaction, continuing its legacy of intriguing facts under caps. Since its inception, Snapple has shared 1,677 facts. The fAIct Generator aims to engage a new generation of consumers while enhancing brand loyalty.
Keurig Dr Pepper (NASDAQ: KDP) announced a quarterly cash dividend of $0.20 per share, scheduled for payment on April 14, 2023. Shareholders of record as of March 31, 2023 will qualify for this dividend. KDP operates as a leading beverage company in North America, generating annual revenues nearing $13 billion, with a diverse portfolio of over 125 brands including Keurig®, Dr Pepper®, and Snapple®. The company is committed to responsible sourcing and sustainability through its corporate responsibility platform.
Keurig Dr Pepper (NASDAQ: KDP) is set to announce its fourth-quarter financial results for the period ending December 31, 2022, on February 23, 2023, before market opening. A conference call for investors will follow on the same day at 8:00 AM (ET) to discuss the results. Participants can join the call by dialing (833) 629-0615 in the U.S. and (412) 317-1824 internationally. A replay will be available starting 11:00 AM (ET) on February 23 until March 9, 2023. Further details, including a live audio webcast, will be accessible via the Company's website.
MidOcean Partners announces its successful exit from Nutrabolt, a leading global active health and wellness company known for brands like C4® Energy. This strategic move involves a partnership with Keurig Dr Pepper (KDP) for long-term sales and distribution and an equity investment. Since MidOcean's investment in July 2014, Nutrabolt's revenue has surged nearly 4x, supported by product expansion and a robust distribution network. The partnership aims to capitalize on Nutrabolt's competitive position in the health and wellness market.
Keurig Dr Pepper (KDP) and Nutrabolt have formed a strategic partnership, featuring a long-term sales and distribution agreement and a significant equity investment. KDP will invest $863 million, netting approximately $740 million after tax benefits, securing a 30% ownership stake in Nutrabolt. This partnership allows KDP to distribute C4® Energy across its territories, enhancing the brand's market presence. The anticipated transition will occur in 2023, with expectations of financial accretion by 2024.
Keurig Dr Pepper (KDP) announced a quarterly cash dividend of $0.20 per share, payable on January 20, 2023. Shareholders of record by January 6, 2023 will receive this payment. The company, with annual revenues nearing $13 billion and approximately 27,000 employees, maintains a strong portfolio of over 125 brands including Dr Pepper, Keurig, and Snapple. KDP focuses on responsible sourcing and sustainability through its corporate responsibility platform.
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