Keurig Dr Pepper Inc. (KDP) is a leading beverage company in North America that manufactures, markets, distributes, and sells hot and cold beverages and single-serve brewing systems. KDP has a broad portfolio of iconic beverage brands, including Dr Pepper, Canada Dry, Green Mountain Coffee Roasters, Snapple, Mott's, The Original Donut Shop, Clamato, and Core Hydration, as well as the Keurig brewing system. The company's products are available nearly everywhere people shop and consume beverages through its sales and distribution network. KDP trades on Nasdaq under the symbol KDP and is a member of the Nasdaq 100 Index.

• Employees: Approximately 28,100 (primarily in North America)
• Geographic Footprint: U.S., Canada, Mexico, and other international markets
• Headquarters: Burlington, Massachusetts and Frisco, Texas
• Founded: 2018 (through the combination of Keurig and Dr Pepper Snapple Group)
• Number of locations/facilities: 43 manufacturing plants and 151 warehouse and distribution facilities
• Revenue: $14.814 billion (FY2023)
• Key Subsidiaries/Brands: Dr Pepper, Canada Dry, Green Mountain Coffee Roasters, Snapple, Mott's, The Original Donut Shop, Clamato, Core Hydration, Keurig

• CEO: Robert J. Gamgort (transitioning to CEO role in the second quarter of 2024)
• Chief Operating Officer: Tim Cofer (appointed November 6, 2023, expected to transition to CEO in the second quarter of 2024)
• Chief Financial Officer: Sudhanshu Priyadarshi

• Annual Revenue: $14.814 billion (FY2023)
• Net Income: $2.181 billion (FY2023)
• Total Assets: $52.130 billion (as of December 31, 2023)
• Employees: Approximately 28,100 (primarily in North America)
• Key Financial Highlights: Net sales increased 5.4% year-over-year, gross profit increased 10.3% year-over-year, and diluted EPS increased 53.5% year-over-year (FY2023).

KDP offers a wide range of hot and cold beverages and single-serve brewing systems.

• U.S. Refreshment Beverages: Includes beverage concentrates, syrups, and finished beverages of brands like Dr Pepper, Canada Dry, Mott's, Snapple, A&W, 7UP, Sunkist soda, Squirt, Hawaiian Punch, Core Hydration, Bai, C4 Energy, Clamato, Evian, Yoo-Hoo, Big Red, and Vita Coco.
• U.S. Coffee: Includes Keurig single-serve brewers, specialty coffee (including hot and iced varieties), and RTD coffee. Key brands include Green Mountain Coffee Roasters, The Original Donut Shop, and McCafé.
• International: Includes branded concentrates, syrup, and finished beverages in Canada, Mexico, and other international markets, as well as single-serve brewers, K-Cup pods, and other coffee products in Canada.

• U.S. Refreshment Beverages: Manufactures and distributes beverage concentrates, syrups, and finished beverages in the U.S.
• U.S. Coffee: Manufactures and distributes single-serve brewers, K-Cup pods, and other coffee products in the U.S.
• International: Manufactures and distributes branded concentrates, syrups, and finished beverages, as well as single-serve brewers, K-Cup pods, and other coffee products in Canada, Mexico, and other international markets.

KDP's business strategy focuses on a scalable business model with key strengths in brand portfolio, route-to-market network, team performance, ESG commitments, and efficient cash flow. Key strategic initiatives include investments in innovation, renovation, and marketing, as well as strategic partnerships and acquisitions. The company aims to meet changing consumer preferences and expand its share of beverage occasions. KDP is also focused on sustainability and responsible business practices.

The beverage industry is highly competitive and continues to evolve in response to changing consumer preferences. KDP competes with multinational corporations and smaller regional companies, as well as private label manufacturers. Primary competitors include Coca-Cola, PepsiCo, Starbucks Corporation, The J.M. Smucker Company, The Kraft Heinz Company, and Nestlé S.A. KDP also competes in the single-serve coffee market with other coffeemaker brands and cafes.

• Operational Risks: Disruptions in manufacturing and distribution operations, supply chain issues, increased commodity costs, and price volatility of raw materials.
• Competitive Risks: Intense competition in the beverage industry, potential inability to compete effectively, and failure to respond to changing consumer preferences.
• Financial Risks: Potential for financial and credit market disruptions, volatility in effective tax rates, and potential impairment of goodwill and other intangible assets.
• Strategic Risks: Inability to successfully manage acquisitions and investments, failure to realize benefits from productivity initiatives, and reliance on third-party bottlers and distributors.
• Compliance Risks: Potential for non-compliance with personal data protection and privacy laws, and U.S. and international laws and regulations.