Search Results

Keurig Dr Pepper to Participate in Barclays Global Consumer Staples Conference ... 31, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... Access to a live webcast of the event will be available in the Investors section of the Company's corporate website, www.Keurigdrpepper.com ... Investor Contacts: Steve Alexander T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela T: 646-620-8761 / chethan.mallela@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.

Keurig Expands its Connected Brewer Line, Unveils K-Café SMART to Deliver a Coffeehouse Experience at Home ... From Macchiatos to Pumpkin Spice Lattes, Keurig's Newest Connected Brewer Creates Delicious Coffeehouse Beverages from your Kitchen Counter BURLINGTON, Mass ... 8, 2022 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today introduced the K-Café ® SMART, the newest brewer in Keurig's connected line ... The K-Café SMART is accompanied by an expanded Keurig mobile app which houses over 70 exclusive coffeehouse recipes from which consumers can choose to brew their desired drink ... The new K-Café SMART features Keurig's BrewID™ technology, which detects the K-Cup® pod in the brewer and unlocks tailored coffeehouse drink recipe recommendations to explore through the newly revamped Keurig mobile app ... Additionally, the K-Café SMART features Keurig's MultiStream Technology™, which uses five streams of water instead of one concentrated stream to thoroughly saturate the coffee grounds more evenly throughout the pod for full flavor and aroma in every cup ... It goes well beyond black coffee, enabling café style creations like London Fog Lattes and Cinnamon Macchiatos," said Mauricio Leyva , Group President, at Keurig Dr Pepper ... "With the K-Café SMART, coffee lovers can craft the specialty drinks they crave and discover new favorite recipes simply by connecting to the Keurig app ... With over 70 recipes to choose from, we know our consumers will be delighted to taste and trial all the new coffeehouse beverages they can make from the comfort of their home." The K-Café SMART connects to the Keurig ® mobile app to unlock these additional features: Café Creations : Browse through more than 70 easy-to-follow coffeehouse drink recipes, including exclusive recipes made just for Keurig mobile app and K-Café SMART users, the majority of which can be made in three minutes or less Barista Mode™: A step-by-step, guided process with visual demonstrations for crafting coffeehouse beverages at home with zero coffee expertise required Increased Discovery: BrewID helps users discover and craft new coffeehouse beverages with tailored drink recommendations based on their existing coffee preferences Coffee Expert Knowledge: Detailed descriptions that explain what makes each coffeehouse drink unique so users will never confuse a cappuccino with an americano again SMART Delivery: Consumption-based subscription program that ensures users always have a perfectly stocked coffee pantry while enjoying a 25% discount on every order Connected Convenience: Save favorite brew settings and coffeehouse beverage recipes, schedule a brew in advance, or brew remotely ... Users can even brew from bed the moment they wake up, knowing their coffeehouse drink will be ready for them At an MSRP of $249.99 , the K-Café SMART is available exclusively on Keurig.com with plans for expansion into retailers nationwide this fall ... It features BrewID technology to power coffee expert recommended brew settings for full-flavor and aroma in every cup and pairs with the Keurig mobile app for a fully connected experience ... It is available today on Keurig.com at an MSRP of $199.99 ... Keurig is also now offering a special Starter Kit* for its new connected brewers purchased via Keurig.com ... Every ongoing SMART Delivery purchase comes with a 25% discount, and for a limited time Keurig is offering up to four free boxes of select pods for new SMART Delivery customers to enjoy with their first order ... To learn more about Keurig, visit www.Keurig.com and follow @Keurig on Instagram , Facebook and Twitter ... *For more details on the Keurig Starter Kit, visit www.Keurig.com/content/terms-and-conditions ... About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... Media Contacts: Clarity Global for Keurig Keurig@clarity.global Avery Walker Keurig Dr Pepper Avery.walker@kdrp.com Investor Contacts: Steve Alexander T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela T: 646-620-8761 / chethan.mallela@kdrp.com SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper Increases its Dividend by 6.7% and Declares Quarterly Dividend for Q3 ... 14, 2022 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has approved a 6.7% increase in its annualized dividend rate to $0.80 per share, from the current annualized rate of $0.75 per share, effective with the regular quarterly cash dividend announced today ... KDP Contacts Steve Alexander (Investors) T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela T: 646-620-8761 / chethan.mallela@kdrp.com Katie Gilroy (Media) T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper To Report Third Quarter 2022 Results And Host Conference Call ... 4, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... Investors and analysts may access the call by dialing (833) 629-0615 within the United States or Canada and (412) 317-1824 internationally and referencing the Keurig Dr Pepper call ... Access to a live audio webcast and replay of the event will be available in the Investors section of the Company's corporate website, www.Keurigdrpepper.com ... Investors: Steve Alexander Keurig Dr Pepper T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela Keurig Dr Pepper T: 646-620-8761 / chethan.mallela@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper Announces Strategic Partnership with Red Bull ... 6, 2022 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) today announced a strategic partnership with Red Bull, the iconic global energy brand, to sell and distribute Red Bull in Mexico , further leveraging and expanding KDP's successful partner network strategy ... KDP Contacts Steve Alexander (Investors) T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela (Investors) T: 646-620-8761 / chethan.mallela@kdrp.com Katie Gilroy (Media) T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.

KEURIG DR PEPPER ANNOUNCES STRATEGIC REALIGNMENT OF ITS SUPPLY CHAIN STRUCTURE ... 13, 2022 /PRNewswire/ -- KEURIG Dr Pepper Inc ... About KEURIG Dr Pepper KEURIG Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes the owned brands of KEURIG®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.KEURIGdrpepper.com ... Investor Contact : Steve Alexander KEURIG Dr Pepper T: 972-673-6769 / steve.alexander@kdrp.com Media Contact : Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com SOURCE KEURIG Dr Pepper Inc.

Keurig Dr Pepper Appoints Chief Financial Officer ... 24, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... KDP Contacts Steve Alexander (Investors) T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela (Investors) T: 646-620-8761 / chethan.mallela@kdrp.com Katie Gilroy (Media) T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig ® , Dr Pepper ® , Green Mountain Coffee Roasters ® , Canada Dry ® , Snapple ® , Bai ® , Mott's ® , CORE ® and The Original Donut Shop ® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper Reports Strong Q3 2022 Results and Reaffirms Guidance for the Year ... 27, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... The brewer performance is consistent with the Company's expectation of returning to its long-term target of adding two million new households into the Keurig system in 2022, which now requires selling fewer brewers than the COVID-driven, elevated level of three million new households having been added in each of the prior two years ... Investor Contacts: Steve Alexander T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela T: 646-620-8761 / chethan.mallela@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... 2 Retail consumption data based on Keurig Dr Pepper's custom IRi category definitions for the 13-week period ending 9/25/2022 ... Keurig DR PEPPER INC ... CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) Third Quarter First Nine Months (in millions, except per share data) 2022 2021 2022 2021 Net sales $ 3,622 $ 3,250 $ 10,254 $ 9,292 Cost of sales 1,721 1,415 4,927 4,087 Gross profit 1,901 1,835 5,327 5,205 Selling, general and administrative expenses 1,196 1,040 3,418 3,040 Impairment of intangible assets 311 — 311 — Gain on litigation settlement — — (299) — Other operating income, net — — (35) (4) Income from operations 394 795 1,932 2,169 Interest expense 207 116 570 381 Loss on early extinguishment of debt — — 217 105 Gain on sale of equity method investment — — (50) — Impairment of investments and note receivable — — 12 — Other expense (income), net 4 1 22 (6) Income before provision for income taxes 183 678 1,161 1,689 Provision for income taxes 4 149 179 387 Net income including non-controlling interest 179 529 982 1,302 Less: Net loss attributable to non-controlling interest (1) (1) (1) (1) Net income attributable to KDP $ 180 $ 530 $ 983 $ 1,303 Earnings per common share: Basic $ 0.13 $ 0.37 $ 0.69 $ 0.92 Diluted 0.13 0.37 0.69 0.91 Weighted average common shares outstanding: Basic 1,416.1 1,417.6 1,417.3 1,414.9 Diluted 1,427.2 1,428.5 1,428.8 1,427.5 Keurig DR PEPPER INC ... CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) September 30, December 31, (in millions, except share and per share data) 2022 2021 Assets Current assets: Cash and cash equivalents $ 925 $ 567 Restricted cash and cash equivalents 3 1 Trade accounts receivable, net 1,472 1,148 Inventories 1,438 894 Prepaid expenses and other current assets 487 447 Total current assets 4,325 3,057 Property, plant and equipment, net 2,483 2,494 Investments in unconsolidated affiliates 76 30 Goodwill 20,024 20,182 Other intangible assets, net 23,299 23,856 Other non-current assets 1,196 937 Deferred tax assets 37 42 Total assets $ 51,440 $ 50,598 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 5,284 $ 4,316 Accrued expenses 1,129 1,110 Structured payables 145 142 Short-term borrowings and current portion of long-term obligations — 304 Other current liabilities 675 613 Total current liabilities 7,233 6,485 Long-term obligations 11,561 11,578 Deferred tax liabilities 5,745 5,986 Other non-current liabilities 1,800 1,577 Total liabilities 26,339 25,626 Commitments and contingencies Stockholders' equity: Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares issued — — Common stock, $0.01 par value, 2,000,000,000 shares authorized, 1,416,251,307 and 1,418,119,197 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 14 14 Additional paid-in capital 21,730 21,785 Retained earnings 3,367 3,199 Accumulated other comprehensive loss (9) (26) Total stockholders' equity 25,102 24,972 Non-controlling interest (1) — Total equity 25,101 24,972 Total liabilities and stockholders' equity $ 51,440 $ 50,598 Keurig DR PEPPER INC ... CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) First Nine Months (in millions) 2022 2021 Operating activities: Net income attributable to KDP $ 983 $ 1,303 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense 301 304 Amortization of intangibles 100 101 Other amortization expense 129 118 Provision for sales returns 38 48 Deferred income taxes (281) (21) Employee stock-based compensation expense 43 68 Loss on early extinguishment of debt 217 105 Gain on sale of equity method investment (50) — Gain on disposal of property, plant and equipment (38) (5) Unrealized loss on foreign currency 22 1 Unrealized loss (gain) on derivatives 387 (94) Settlements of interest rate contracts 125 — Equity in losses of unconsolidated affiliates 6 2 Impairment of intangible assets 311 — Impairment on investments and note receivable of unconsolidated affiliates 12 — Other, net 22 10 Changes in assets and liabilities: Trade accounts receivable (372) (126) Inventories (552) (210) Income taxes receivable and payables, net (106) (11) Other current and non-current assets (380) (181) Accounts payable and accrued expenses 1,014 536 Other current and non-current liabilities 167 (15) Net change in operating assets and liabilities (229) (7) Net cash provided by operating activities 2,098 1,933 Investing activities: Proceeds from sale of investment in unconsolidated affiliates 50 — Purchases of property, plant and equipment (260) (325) Proceeds from sales of property, plant and equipment 79 18 Purchases of intangibles (19) (31) Issuance of related party note receivable (18) (17) Investments in unconsolidated affiliates (48) — Other, net 3 5 Net cash used in investing activities (213) (350) Financing activities: Proceeds from issuance of Notes 3,000 2,150 Repayments of Notes (3,365) (3,595) Proceeds from issuance of commercial paper 500 4,756 Repayments of commercial paper (649) (3,758) Repayments of 2019 KDP Term Loan — (425) Proceeds from structured payables 114 112 Repayments of structured payables (111) (123) Cash dividends paid (796) (687) Repurchases of common stock (88) — Proceeds from issuance of common stock — 140 Tax withholdings related to net share settlements (10) (125) Payments on finance leases (65) (40) Other, net (45) (35) Net cash used in financing activities (1,515) (1,630) Cash, cash equivalents, and restricted cash and cash equivalents: Net change from operating, investing and financing activities 370 (47) Effect of exchange rate changes (10) (5) Beginning balance 568 255 Ending balance $ 928 $ 203 Keurig DR PEPPER INC ... RECONCILIATION OF SEGMENT INFORMATION (UNAUDITED) Third Quarter First Nine Months (in millions) 2022 2021 2022 2021 Net Sales Coffee Systems $ 1,209 $ 1,155 $ 3,497 $ 3,398 Packaged Beverages 1,756 1,547 4,925 4,352 Beverage Concentrates 459 392 1,278 1,095 Latin America Beverages 198 156 554 447 Total net sales $ 3,622 $ 3,250 $ 10,254 $ 9,292 Income from Operations Coffee Systems $ 295 $ 365 $ 878 $ 1,088 Packaged Beverages 10 291 728 731 Beverage Concentrates 347 287 915 780 Latin America Beverages 39 37 114 95 Unallocated corporate costs (297) (185) (703) (525) Total income from operations $ 394 $ 795 $ 1,932 $ 2,169 Keurig DR PEPPER INC ... Keurig DR PEPPER INC ... RECONCILIATION OF CERTAIN NON-GAAP INFORMATION (UNAUDITED) Cost of sales Gross profit Gross margin Selling, general and administrative expenses Impairment of intangible assets Income from operations Operating margin For the Third Quarter of 2022 Reported $ 1,721 $ 1,901 52.5 % $ 1,196 $ 311 $ 394 10.9 % Items Affecting Comparability: Mark to market (51) 51 (55) — 106 Amortization of intangibles — — (33) — 33 Stock compensation — — (5) — 5 Restructuring and integration costs — — (33) — 33 Productivity (30) 30 (27) — 57 Impairment of intangible assets — — — (311) 311 Non-routine legal matters — — (2) — 2 COVID-19 (3) 3 (2) — 5 Foundational projects — — (1) — 1 Adjusted $ 1,637 $ 1,985 54.8 % $ 1,038 $ — $ 947 26.1 % Impact of foreign currency (0.1) % — % Constant currency adjusted 54.7 % 26.1 % For the Third Quarter of 2021 Reported $ 1,415 $ 1,835 56.5 % $ 1,040 $ — $ 795 24.5 % Items Affecting Comparability: Mark to market 27 (27) (18) — (9) Amortization of intangibles — — (34) — 34 Stock compensation — — (3) — 3 Restructuring and integration costs — — (53) — 53 Productivity (21) 21 (23) — 44 Non-routine legal matters — — (7) — 7 COVID-19 (3) 3 (1) — 4 Transaction costs — — (1) — 1 Malware incident — — 1 — (1) Adjusted $ 1,418 $ 1,832 56.4 % $ 901 $ — $ 931 28.6 % Keurig DR PEPPER INC ... Keurig DR PEPPER INC ... Keurig DR PEPPER INC ... RECONCILIATION OF CERTAIN NON-GAAP INFORMATION (UNAUDITED) (in millions) Reported Items Affecting Comparability Adjusted For the third quarter of 2022: Income from operations Coffee Systems $ 295 $ 48 $ 343 Packaged Beverages 10 330 340 Beverage Concentrates 347 3 350 Latin America Beverages 39 2 41 Unallocated corporate costs (297) 170 (127) Total income from operations $ 394 $ 553 $ 947 For the third quarter of 2021: Income from operations Coffee Systems $ 365 $ 43 $ 408 Packaged Beverages 291 24 315 Beverage Concentrates 287 3 290 Latin America Beverages 37 — 37 Unallocated corporate costs (185) 66 (119) Total income from operations $ 795 $ 136 $ 931 Reported Impact of Foreign Currency Constant Currency For the third quarter of 2022: Net sales Coffee Systems 4.7 % 0.5 % 5.2 % Packaged Beverages 13.5 % 0.1 13.6 Beverage Concentrates 17.1 % 0.2 17.3 Latin America Beverages 26.9 % 1.9 28.8 Total net sales 11.4 % 0.4 11.8 Adjusted Impact of Foreign Currency Constant Currency Adjusted For the third quarter of 2022: Income from operations Coffee Systems (15.9) % 0.2 % (15.7) % Packaged Beverages 7.9 — 7.9 Beverage Concentrates 20.7 0.3 21.0 Latin America Beverages 10.8 2.7 13.5 Total income from operations 1.7 0.3 2.0 Reported Items Affecting Comparability Adjusted Impact of Foreign Currency Constant Currency Adjusted For the third quarter of 2022: Operating margin Coffee Systems 24.4 % 4.0 % 28.4 % (0.1) % 28.3 % Packaged Beverages 0.6 18.8 19.4 — 19.4 Beverage Concentrates 75.6 0.7 76.3 — 76.3 Latin America Beverages 19.7 1.0 20.7 0.2 20.9 Total operating margin 10.9 15.2 26.1 — 26.1 Keurig DR PEPPER INC ... RECONCILIATION OF CERTAIN FINANCIAL MEASURES BY SEGMENT TO CONSTANT CURRENCY ADJUSTED FINANCIAL MEASURES BY SEGMENT (UNAUDITED) (in millions) Reported Items Affecting Comparability Adjusted For the first nine months of 2022: Income from operations Coffee Systems $ 878 $ 153 $ 1,031 Packaged Beverages 728 94 822 Beverage Concentrates 915 9 924 Latin America Beverages 114 3 117 Unallocated corporate costs (703) 320 (383) Total income from operations $ 1,932 $ 579 $ 2,511 For the first nine months of 2021: Income from operations Coffee Systems $ 1,088 $ 145 $ 1,233 Packaged Beverages 731 74 805 Beverage Concentrates 780 6 786 Latin America Beverages 95 2 97 Unallocated corporate costs (525) 115 (410) Total income from operations $ 2,169 $ 342 $ 2,511 Reported Impact of Foreign Currency Constant Currency For the first nine months of 2022: Net sales Coffee Systems 2.9 % 0.4 % 3.3 % Packaged Beverages 13.2 — 13.2 Beverage Concentrates 16.7 0.2 16.9 Latin America Beverages 23.9 0.9 24.8 Total net sales 10.4 0.2 10.6 Adjusted Impact of Foreign Currency Constant Currency Adjusted For the first nine months of 2022: Income from operations Coffee Systems (16.4) % 0.2 % (16.2) % Packaged Beverages 2.1 — 2.1 Beverage Concentrates 17.6 0.2 17.8 Latin America Beverages 20.6 1.0 21.6 Total income from operations — 0.2 0.2 Reported Items Affecting Comparability Adjusted Impact of Foreign Currency Constant Currency Adjusted For the first nine months of 2022: Operating margin Coffee Systems 25.1 % 4.4 % 29.5 % (0.1) % 29.4 % Packaged Beverages 14.8 1.9 16.7 — 16.7 Beverage Concentrates 71.6 0.7 72.3 — 72.3 Latin America Beverages 20.6 0.5 21.1 — 21.1 Total operating margin 18.8 5.7 24.5 — 24.5 Keurig DR PEPPER INC ... RECONCILIATION OF ADJUSTED EBITDA AND MANAGEMENT LEVERAGE RATIO (UNAUDITED) (in millions, except for ratio) ADJUSTED EBITDA RECONCILIATION - LAST TWELVE MONTHS Net income attributable to KDP $ 1,826 Interest expense 689 Provision for income taxes 445 Other expense (income), net 26 Depreciation expense 407 Other amortization 175 Amortization of intangibles 133 EBITDA $ 3,701 Items affecting comparability: Gain on sale of equity-method investment $ (574) Gain on litigation settlement (271) Loss on early extinguishment of debt 217 Impairment of intangible assets 311 Impairment of investments and note receivable 29 Restructuring and integration expenses 145 Productivity 177 Non-routine legal matters 16 Stock compensation 7 COVID-19 20 Transaction costs 2 Malware incident 1 Foundational projects 3 Mark to market 187 Adjusted EBITDA $ 3,971 September 30, 2022 Principal amounts of senior unsecured notes $ 11,743 Less: Cash and cash equivalents 925 Total principal amounts less cash and cash equivalents $ 10,818 September 30, 2022 Management Leverage Ratio 2.7 Keurig DR PEPPER INC ... RECONCILIATION OF ADJUSTED EBITDA - LAST TWELVE MONTHS (UNAUDITED) (in millions) FOURTH QUARTER OF 2021 FIRST NINE MONTHS OF 2022 LAST TWELVE MONTHS Net income attributable to KDP $ 843 $ 983 $ 1,826 Interest expense 119 570 689 Provision for income taxes 266 179 445 Other expense (income), net 4 22 26 Depreciation expense 106 301 407 Other amortization 46 129 175 Amortization of intangibles 33 100 133 EBITDA $ 1,417 $ 2,284 $ 3,701 Items affecting comparability: Gain on sale of equity-method investment $ (524) $ (50) $ (574) Gain on litigation settlement — (271) (271) Loss on early extinguishment of debt — 217 217 Impairment of intangible assets — 311 311 Impairment on investments and note receivable 17 12 29 Restructuring and integration expenses 57 88 145 Productivity 40 137 177 Nonroutine legal matters 7 9 16 Stock compensation 4 3 7 COVID-19 6 14 20 Transaction costs 1 1 2 Foundational projects — 3 3 Malware incident 1 — 1 Mark to market 28 159 187 Adjusted EBITDA $ 1,054 $ 2,917 $ 3,971 Keurig DR PEPPER INC ... First Nine Months (in millions) 2022 2021 Net cash provided by operating activities $ 2,098 $ 1,933 Purchases of property, plant and equipment (260) (325) Proceeds from sales of property, plant and equipment 79 18 Free Cash Flow $ 1,917 $ 1,626 Keurig DR PEPPER INC ... SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper Invests in Non-Alcoholic Beer Leader Athletic Brewing Company ... 9, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... Our investment reflects our interest and ability to move into exciting white spaces, including in the blurring of the alcoholic and non-alcoholic categories" said Keurig Dr Pepper Executive Chairman Bob Gamgort ... "We look forward to partnering with the Athletic Brewing team to help them scale the business." "We're thrilled to welcome Keurig Dr Pepper as an investor and strategic partner," Shufelt said ... This investment will enable Athletic Brewing to further accelerate our growth across North America ." 1 NielsenIQ Scan Off Premise Channels; latest 52-week ending 08/20/2022 KDP Contacts Steve Alexander (Investors) T: 972-673-6769 / steve.alexander@kdrp.com Chethan Mallela (Investors) T: 646-620-8761 / chethan.mallela@kdrp.com Katie Gilroy (Media) T: 781-418-3345 / katie.gilroy@kdrp.com Athletic Brewing Contacts Chris Furnari chris.furnari@athleticbrewing.com About Keurig Dr Pepper Keurig Dr Pepper (KDP) is a leading beverage company in North America , with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.

10, 2022 /PRNewswire/ -- Keurig Dr Pepper Inc ... "Keurig Dr Pepper's Code of Conduct is built on a foundation of ethics, integrity and personal responsibility ... "I look forward to continuing to work with the leadership team and the Board in the role I held less than four months ago." KDP Contacts Steve Alexander (Investors) T: 972-673-6769 / steve.alexander@kdrp.com Katie Gilroy (Media) T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper ( KDP ) is a leading beverage company in North America, with annual revenue approaching $13 billion and approximately 27,000 employees ... The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig ®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple ®, Bai ®, Mott's ®, CORE® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com ... SOURCE Keurig Dr Pepper Inc.