The company completed the acquisition of Kalil Bottling Company in August 2024 for $103 million. This acquisition expands KDP's DSD operations with new bottling and distribution rights in Arizona.

The company entered into a definitive agreement to acquire a controlling 60% stake in GHOST for $990 million. The remaining 40% stake will be acquired in 2028.

The company announced a 7.0% increase in the annualized dividend rate to $0.92 per share, effective with the regular quarterly cash dividend announced on September 12, 2024.

Tim Cofer was appointed as Chief Operating Officer, effective November 6, 2023, and will succeed Robert Gamgort as CEO during the second quarter of 2024. This is part of a broader organizational realignment to ensure succession plans and reinforce enterprise capabilities.

The company announced a restructuring program to more effectively and efficiently meet the needs of consumers and customers. This includes the closure of manufacturing facilities in Williston, Vermont and Windsor, Virginia, expected to incur pre-tax restructuring charges of $125 million to $145 million.

The SEC approved a settlement to resolve an investigation of certain statements regarding the recyclability of K-Cup pods. The company paid a civil penalty of $1.5 million without admitting or denying the SEC's findings.

The filing states that there have been no material changes from the risk factors set forth in Part I, Item 1A in the Annual Report.

The U.S. Refreshment Beverages segment experienced a 5.3% increase in net sales, driven by growth in carbonated soft drinks and contributions from partnerships such as Electrolit and C4.

The U.S. Coffee segment experienced a 3.6% decrease in net sales, reflecting unfavorable net price realization of 6.3%, partially offset by volume/mix growth of 2.7%.

International segment net sales increased by 0.4% to $525 million, reflecting higher net price realization of 3.4% and volume/mix growth of 3.1%, which was largely offset by unfavorable FX translation impacts of 6.1%.

Selling, general and administrative expenses increased $28 million, or 2.3%, primarily driven by unfavorable changes in unrealized commodity mark-to-market activity, partially offset by reduced costs associated with restructuring and productivity projects.

The cash conversion cycle increased 27 days to approximately 4 days as of September 30, 2024, as compared to (23) days as of September 30, 2023, which was primarily driven by the decrease in DPO, reflecting the reduction of payment terms for certain suppliers.

The company repurchased and retired $1,105 million of common stock during the first nine months of 2024. As of September 30, 2024, $1,810 million remained available for repurchase under the authorized share repurchase program.

Purchases of property, plant and equipment were $398 million for the first nine months of 2024. Capital expenditures primarily related to investments in manufacturing capabilities, both in the U.S. and internationally.