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 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.
Keurig Dr Pepper (NASDAQ: KDP) has appointed Dr. Karin Rotem-Wildeman as Chief Research & Development Officer, effective January 9, 2023. She succeeds David Thomas, who is retiring after 16 years. Dr. Rotem-Wildeman brings 25 years of R&D leadership experience from notable companies including LIVEKINDLY Collective and PepsiCo. Her expertise will drive product innovation at KDP. The company, with nearly $13 billion in annual revenue, aims to meet diverse beverage needs through its expansive brand portfolio.
The Original Donut Shop® Coffee has partnered with Milk Bar® to launch a limited edition dessert called Cup o' Cookie, available from December 1 to December 19, 2022, at Milk Bar locations in New York and Los Angeles for $16. The dessert is inspired by The Original Donut Shop Coffee's Regular Medium Roast and features a unique blend of flavors. Additionally, they released three at-home recipes also inspired by their coffee flavors. Keurig Dr Pepper, the parent company of The Original Donut Shop, reported nearly $13 billion in annual revenue.
Keurig Dr Pepper (NASDAQ: KDP) announced the election of Oray Boston as a Director of its Board, effective November 14, 2022. Boston, who has over 30 years of experience at Johnson & Johnson, held numerous leadership roles that contributed to commercial growth and innovation. His extensive background includes serving as President of Global Biosurgery and Vice President of Sales & Marketing. KDP's Chairman and CEO, Bob Gamgort, stated that Boston's experience would enhance the Board's depth and perspective.
Keurig Dr Pepper Inc. (NASDAQ: KDP) announced the resignation of CEO Ozan Dokmecioglu due to Code of Conduct violations. Bob Gamgort, the Executive Chairman and former CEO, has been reappointed as CEO while continuing as Chairman. The Board expressed gratitude for Gamgort's leadership and vision that have driven KDP's success. KDP, a leading North American beverage company, generates nearly $13 billion in annual revenue and holds significant market positions in various beverage categories.
Keurig Dr Pepper (NASDAQ: KDP) announced a $50 million minority investment in Athletic Brewing Company, the leading non-alcoholic craft beer producer in the U.S. This investment aligns with KDP's strategy to enter emerging beverage categories. By acquiring this stake, KDP joins other prominent investors and gains a seat on Athletic Brewing's Board of Directors. Athletic Brewing has a significant market presence, holding a 55% share in the non-alcoholic craft beer segment, which has seen 20% growth in retail dollars over the past year.
Keurig Dr Pepper Inc. (KDP) reported a strong performance for Q3 2022, with net sales increasing 11.4% to $3.62 billion. All business segments posted growth, with notable contributions from Liquid Refreshment Beverages and Coffee Systems. Adjusted net income rose 4.3% to $656 million, while adjusted EPS increased to $0.46. However, GAAP net income dropped 66% to $180 million due to a non-cash impairment charge. KDP reaffirmed its full-year guidance for low-double-digit net sales growth and mid-single-digit EPS growth.
Keurig Dr Pepper (KDP) announced the appointment of Sudhanshu Priyadarshi as Chief Financial Officer effective November 14, 2022. Priyadarshi brings over 20 years of experience from roles at major companies including PepsiCo and Walmart, most recently serving as CFO at Vista Outdoor. CEO Ozan Dokmecioglu stated that Priyadarshi's financial expertise would be crucial for KDP's growth strategies amid a complex economic environment. KDP, a leading beverage company with nearly $13 billion in annual revenue, aims to leverage Priyadarshi's background to drive organic growth and enhance cash flow management.
Keurig Dr Pepper (KDP) announced a strategic realignment of its supply chain structure to enhance focus and productivity. The company has appointed Roger Johnson as the new Chief Supply Chain Officer, effective October 17, 2022, succeeding Tony Milikin. This realignment involves promotions of senior leaders, aiming to drive operational excellence in coffee and cold beverages. KDP has a significant presence in the North American beverage market with revenues nearing $13 billion and a diverse portfolio including over 125 brands.
Keurig Dr Pepper (NASDAQ: KDP) has announced a strategic partnership with Red Bull to distribute its energy drink products exclusively in Mexico. This partnership allows KDP to leverage its extensive distribution network across independent retailers, including grocery and convenience stores, and to explore future ready-to-drink products from Red Bull. CEO Ozan Dokmecioglu emphasizes the importance of energy drinks in KDP's growth strategy. The collaboration is expected to commence in Q4 2022, enhancing KDP's presence in the energy drink market.
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