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Keurig Dr Pepper Announces Secondary Offering of Common Stock by JAB ... and FRISCO, Texas , May 1, 2025 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) (the "Company" or "KDP") announced today that a subsidiary of JAB Holding Company s.a.r.l ... Investors: Investor Relations Keurig Dr Pepper T: 888-340-5287 / IR@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Peñafiel®, Snapple®, 7UP®, Green Mountain Coffee Roasters®, GHOST®, Clamato®, Core Hydration® and The Original Donut Shop® ... SOURCE Keurig Dr Pepper .

Keurig Dr Pepper Announces Continued Evolution of its Board of Directors ... , April 24, 2025 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced changes today as part of the continued evolution of its Board of Directors ... About Keurig Dr Pepper Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Peñafiel®, Snapple®, 7UP®, Green Mountain Coffee Roasters®, GHOST®, Clamato®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram ... Investors: Investor Relations Keurig Dr Pepper T: 888-340-5287 / IR@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com FORWARD LOOKING STATEMENTS Certain statements contained herein are "forward-looking statements" within the meaning of applicable securities laws and regulations ... SOURCE Keurig Dr Pepper .

Keurig Dr Pepper Reports Q1 2025 Results and Reaffirms Guidance for 2025 ... and FRISCO, Texas , April 24, 2025 /PRNewswire/ -- Keurig Dr Pepper Inc ... Investor Contact: Investor Relations T: 888-340-5287 / IR@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Peñafiel®, Snapple®, 7UP®, Green Mountain Coffee Roasters®, GHOST®, Clamato®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram ... Keurig DR PEPPER INC ... CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) First Quarter (in millions, except per share data) 2025 2024 Net sales $ 3,635 $ 3,468 Cost of sales 1,650 1,528 Gross profit 1,985 1,940 Selling, general, and administrative expenses 1,192 1,176 Other operating income, net (8) (1) Income from operations 801 765 Interest expense, net 148 178 Other income, net (7) (7) Income before provision for income taxes 660 594 Provision for income taxes 143 140 Net income $ 517 $ 454 Earnings per common share: Basic $ 0.38 $ 0.33 Diluted 0.38 0.33 Weighted average common shares outstanding: Basic 1,357.1 1,380.7 Diluted 1,362.2 1,387.7 Keurig DR PEPPER INC ... CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) March 31, December 31, (in millions, except share and per share data) 2025 2024 Assets Current assets: Cash and cash equivalents $ 653 $ 510 Restricted cash and restricted cash equivalents 80 80 Trade accounts receivable, net 1,329 1,502 Inventories 1,539 1,299 Prepaid expenses and other current assets 745 606 Total current assets 4,346 3,997 Property, plant, and equipment, net 2,951 2,964 Investments in unconsolidated affiliates 1,568 1,543 Goodwill 20,062 20,053 Other intangible assets, net 23,616 23,634 Other non-current assets 1,116 1,200 Deferred tax assets 40 39 Total assets $ 53,699 $ 53,430 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 3,154 $ 2,985 Accrued expenses 1,201 1,584 Structured payables 31 41 Short-term borrowings and current portion of long-term obligations 3,999 2,642 Other current liabilities 786 835 Total current liabilities 9,171 8,087 Long-term obligations 11,927 12,912 Deferred tax liabilities 5,430 5,435 Other non-current liabilities 2,724 2,753 Total liabilities 29,252 29,187 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, 1,358,162,801 and 1,356,664,609 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 14 14 Additional paid-in capital 19,711 19,712 Retained earnings 4,997 4,793 Accumulated other comprehensive loss (275) (276) Total stockholders' equity 24,447 24,243 Total liabilities and stockholders' equity $ 53,699 $ 53,430 Keurig DR PEPPER INC ... CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) First Quarter (in millions) 2025 2024 Operating activities: Net income $ 517 $ 454 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense 106 101 Amortization of intangibles 34 33 Other amortization expense 23 36 Provision for sales returns 11 14 Deferred income taxes (6) 21 Employee stock-based compensation expense 22 28 (Gain) loss on disposal of property, plant, and equipment (6) 1 Unrealized loss on foreign currency — 8 Unrealized (gain) loss on derivatives (62) 10 Equity in earnings of unconsolidated affiliates (10) (7) Earned equity from distribution arrangements (10) (45) Other, net (2) 3 Changes in assets and liabilities, excluding the effects of business acquisitions: Trade accounts receivable 164 42 Inventories (239) (65) Income taxes receivable and payables, net (27) (10) Other current and non-current assets (110) (136) Accounts payable and accrued expenses (173) (398) Other current and non-current liabilities (23) (5) Net change in operating assets and liabilities (408) (572) Net cash provided by operating activities 209 85 Investing activities: Purchases of property, plant, and equipment (120) (158) Proceeds from sales of property, plant, and equipment 13 — Purchases of intangibles (14) (31) Investments in unconsolidated affiliates — (6) Other, net 64 2 Net cash used in investing activities (57) (193) Financing activities: Proceeds from issuance of Notes — 3,000 Repayments of Notes — (1,150) Net issuance (repayment) of commercial paper 1,356 (188) Repayment of term loan (990) — Proceeds from structured payables 8 23 Repayments of structured payables (18) (30) Cash dividends paid (312) (299) Repurchases of common stock — (1,105) Tax withholdings related to net share settlements (23) (41) Payments on finance leases (25) (31) Other, net (3) (21) Net cash (used in) provided by financing activities (7) 158 Cash, cash equivalents, restricted cash, and restricted cash equivalents: Net change from operating, investing, and financing activities 145 50 Effect of exchange rate changes (2) — Beginning balance 608 267 Ending balance $ 751 $ 317 Keurig DR PEPPER INC ... Coffee 202 248 International 90 112 Unallocated corporate costs (145) (210) Total income from operations $ 801 $ 765 Keurig DR PEPPER INC ... Keurig DR PEPPER INC ... Keurig DR PEPPER INC ... Keurig DR PEPPER INC ... Coffee International Unallocated corporate costs Total For the First Quarter of 2025 Reported - Income from Operations $ 654 $ 202 $ 90 $ (145) $ 801 Items Affecting Comparability: Productivity — 25 — 7 32 Mark to market — — — (43) (43) Amortization of intangibles 7 24 3 — 34 Stock compensation — — — 2 2 Non-routine legal matters — — — 3 3 Transaction costs — — — (1) (1) Restructuring - 2023 CEO Succession and Associated Realignment — — — (1) (1) Restructuring - 2024 Network Optimization — 2 — — 2 GHOST integration — — — 3 3 Inventory step-up 15 — — — 15 Adjusted - Income from Operations $ 676 $ 253 $ 93 $ (175) $ 847 Change - adjusted 8.7 % (12.5) % (14.7) % (10.3) % 2.7 % Impact of foreign currency — % — % 10.1 % 0.6 % 1.2 % Change - constant currency adjusted 8.7 % (12.5) % (4.6) % (9.7) % 3.9 % For the First Quarter of 2024 Reported - Income from Operations $ 615 $ 248 $ 112 $ (210) $ 765 Items Affecting Comparability: Productivity 2 14 — 20 36 Mark to market — — (6) (13) (19) Amortization of intangibles 5 25 3 — 33 Stock compensation — — — 4 4 Non-routine legal matters — — — 1 1 Transaction costs — — — 1 1 Restructuring - 2023 CEO Succession and Associated Realignment — — — 2 2 Restructuring - 2024 Network Optimization — 2 — — 2 Adjusted - Income from Operations $ 622 $ 289 $ 109 $ (195) $ 825 Keurig DR PEPPER INC ... Coffee 27.2 4.5 31.7 International 24.1 (0.6) 23.5 Total operating margin 22.1 1.7 23.8 Keurig DR PEPPER INC ... RECONCILIATION OF GAAP TO NON-GAAP INFORMATION ADJUSTED EBITDA AND MANAGEMENT LEVERAGE RATIO (UNAUDITED) (in millions, except for ratio) LAST TWELVE MONTHS Net income $ 1,504 Interest expense, net 705 Provision for income taxes 476 Depreciation expense 427 Other amortization 165 Amortization of intangibles 134 EBITDA $ 3,411 Items affecting comparability: Productivity $ 109 Mark to market (11) Stock compensation 12 Non-routine legal matters 12 Transaction costs 38 Restructuring - 2023 CEO Succession and Associated Realignment 37 Restructuring - 2024 Network Optimization 51 GHOST integration 4 Change in mandatory redemption liability for GHOST 11 Termination fees for distribution rights related to GHOST 225 Inventory step-up 19 Impairment of goodwill and other intangible assets 718 Impairment of investments and note receivable 2 Adjusted EBITDA $ 4,638 March 31, 2025 Principal amounts of: Commercial paper notes $ 2,972 Senior unsecured notes 13,093 Total principal amounts 16,065 Less: Cash and cash equivalents 653 Total principal amounts less cash and cash equivalents $ 15,412 March 31, 2025 Management Leverage Ratio 3.3 Keurig DR PEPPER INC ... RECONCILIATION OF GAAP TO NON-GAAP INFORMATION ADJUSTED EBITDA - LAST TWELVE MONTHS (UNAUDITED) (in millions) SECOND QUARTER OF 2024 THIRD QUARTER OF 2024 FOURTH QUARTER OF 2024 FIRST QUARTER OF 2025 LAST TWELVE MONTHS Net income (loss) $ 515 $ 616 $ (144) $ 517 $ 1,504 Interest expense, net 204 106 247 148 705 Provision (benefit) for income taxes 157 186 (10) 143 476 Depreciation expense 106 103 112 106 427 Other amortization 65 39 38 23 165 Amortization of intangibles 34 33 33 34 134 EBITDA $ 1,081 $ 1,083 $ 276 $ 971 $ 3,411 Items affecting comparability: Productivity $ 35 $ 23 $ 26 $ 25 $ 109 Mark to market (10) 33 (23) (11) (11) Stock compensation 3 4 3 2 12 Non-routine legal matters 1 3 5 3 12 Transaction costs 1 13 25 (1) 38 Restructuring - 2023 CEO Succession and Associated Realignment 11 3 24 (1) 37 Restructuring - 2024 Network Optimization 19 24 6 2 51 GHOST integration — — 1 3 4 Change in mandatory redemption liability for GHOST — — — 11 11 Termination fees for distribution rights related to GHOST — — 225 — 225 Inventory step-up — 4 — 15 19 Impairment of goodwill and other intangible assets — — 718 — 718 Impairment of investments and note receivable — — 2 — 2 Adjusted EBITDA $ 1,141 $ 1,190 $ 1,288 $ 1,019 $ 4,638 Keurig DR PEPPER INC ... First Quarter (in millions) 2025 2024 Net cash provided by operating activities $ 209 $ 85 Purchases of property, plant, and equipment (120) (158) Proceeds from sales of property, plant, and equipment 13 — Free Cash Flow $ 102 $ (73) SOURCE Keurig Dr Pepper .

Keurig Dr Pepper to Report First Quarter 2025 Results and Host Conference Call ... and FRISCO, Texas , March 27, 2025 /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: Investor Relations Keurig Dr Pepper T: 888-340-5287 / IR@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper ( Nasdaq : KDP ) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig ®, Dr Pepper®, Canada Dry®, Mott's ®, A&W®, Peñafiel ®, Snapple ®, 7UP®, Green Mountain Coffee Roasters®, GHOST®, Clamato ®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram ... SOURCE Keurig Dr Pepper .

Keurig Dr Pepper Unveils Bold New Flavors Across Iconic U.S ... 5, 2025 /PRNewswire/ -- Keurig Dr Pepper (KDP) today unveiled its exciting 2025 new flavor lineup in the U.S., featuring beloved brands such as Dr Pepper®, 7UP®, A&W® and Snapple ® ... Refreshment Beverages at Keurig Dr Pepper ... Visit KeurigDrPepper.com or follow Keurig Dr Pepper on Instagram (@Keurigdrpepper) to stay up to date with all the latest news about our iconic brands and more throughout the year ... About Keurig Dr Pepper Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Snapple®, Peñafiel®, 7UP®, Green Mountain Coffee Roasters®, Clamato®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us on LinkedIn ... Investors: Investor Relations Keurig Dr Pepper T: 888-340-5287 / IR@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com 1 Source: Circana Total US - Multi Outlet + Conv Time: Calendar Year 2024 Ending 12-29-24 2 Circana, MULO+C, Calendar Year 2024 $ Sales 3 Circana Market Advantage, Total MULO+C, 52W ending 12.29.24 4 Circana Snapple POS Dollar Sales Data L52W through 12.29.24 5 USDA FoodData Central ... Strawberries , raw – up to 91% water content SOURCE Keurig Dr Pepper .

Keurig Dr Pepper Declares Quarterly Dividend ... 11, 2025 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.23 per share, payable in U.S ... Investor Contact: Investor Relations T: 888-340-5287 / IR@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Snapple®, Peñafiel®, 7UP®, Green Mountain Coffee Roasters®, Clamato®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us on LinkedIn ...   SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper Reports Q4 and Full Year 2024 Results and Provides 2025 Outlook ... 25, 2025 /PRNewswire/ -- Keurig Dr Pepper Inc ... Brewer shipments totaled 10.4 million for the twelve months ended December 31, 2024 , increasing 7.3% year-over-year, supported by stabilizing coffeemaker category trends and Keurig market share momentum ... Investor Contact: Investor Relations T: 888-340-5287 / IR@kdrp.com Media Contact: Katie Gilroy T: 781-418-3345 / katie.gilroy@kdrp.com ABOUT Keurig DR PEPPER Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Peñafiel®, Snapple®, 7UP®, Green Mountain Coffee Roasters®, GHOST®, Clamato®, Core Hydration® and The Original Donut Shop® ... For more information, visit www.Keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram ... Keurig DR PEPPER INC ... CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) Fourth Quarter Year Ended December 31, (in millions, except per share data) 2024 2023 2024 2023 Net sales $ 4,070 $ 3,867 $ 15,351 $ 14,814 Cost of sales 1,793 1,683 6,822 6,734 Gross profit 2,277 2,184 8,529 8,080 Selling, general, and administrative expenses 1,297 1,258 5,013 4,912 Impairment of goodwill 306 — 306 — Impairment of other intangible assets 412 — 412 2 Other operating expense (income), net 199 (17) 207 (26) Income from operations 63 943 2,591 3,192 Interest expense, net 247 64 735 496 Impairment of investments and note receivable 2 — 2 — Other income, net (32) (20) (60) (61) (Loss) income before provision for income taxes (154) 899 1,914 2,757 (Benefit) provision for income taxes (10) 206 473 576 Net (loss) income $ (144) $ 693 $ 1,441 $ 2,181 (Loss) earnings per common share: Basic $ (0.11) $ 0.50 $ 1.06 $ 1.56 Diluted (0.11) 0.49 1.05 1.55 Weighted average common shares outstanding: Basic 1,356.5 1,393.6 1,362.2 1,399.3 Diluted 1,362.0 1,401.3 1,368.3 1,408.4 Keurig DR PEPPER INC ... CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) December 31, December 31, (in millions, except share and per share data) 2024 2023 Assets Current assets: Cash and cash equivalents $ 510 $ 267 Restricted cash and restricted cash equivalents 80 — Trade accounts receivable, net 1,502 1,368 Inventories 1,299 1,142 Prepaid expenses and other current assets 606 598 Total current assets 3,997 3,375 Property, plant and equipment, net 2,964 2,699 Investments in unconsolidated affiliates 1,543 1,387 Goodwill 20,053 20,202 Other intangible assets, net 23,634 23,287 Other non-current assets 1,200 1,149 Deferred tax assets 39 31 Total assets $ 53,430 $ 52,130 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 2,985 $ 3,597 Accrued expenses 1,584 1,242 Structured payables 41 117 Short-term borrowings and current portion of long-term obligations 2,642 3,246 Other current liabilities 835 714 Total current liabilities 8,087 8,916 Long-term obligations 12,912 9,945 Deferred tax liabilities 5,435 5,760 Other non-current liabilities 2,753 1,833 Total liabilities 29,187 26,454 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, 1,356,664,609 and 1,390,446,043 shares issued and outstanding as of December 31, 2024 and 2023, respectively 14 14 Additional paid-in capital 19,712 20,788 Retained earnings 4,793 4,559 Accumulated other comprehensive (loss) income (276) 315 Total stockholders' equity 24,243 25,676 Total liabilities and stockholders' equity $ 53,430 $ 52,130 Keurig DR PEPPER INC ... CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Year Ended December 31, (in millions) 2024 2023 Operating activities: Net income $ 1,441 $ 2,181 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense 422 402 Amortization of intangibles 133 137 Other amortization expense 178 181 Provision for sales returns 70 61 Deferred income taxes (254) (4) Employee stock-based compensation expense 98 116 Loss (gain) on disposal of property, plant, and equipment 16 (1) Unrealized loss (gain) on foreign currency 33 (13) Unrealized loss on derivatives 91 31 Settlements of interest rate contracts — 54 Equity in earnings of unconsolidated affiliates (42) (33) Earned equity from distribution arrangements (94) (44) Impairment of goodwill 306 — Impairment of intangible assets 412 2 Impairment of investments and note receivable of unconsolidated affiliate 2 — Other, net (2) 6 Changes in assets and liabilities, excluding the effects of business acquisitions: Trade accounts receivable (209) 70 Inventories (92) 182 Income taxes receivable and payables, net 133 (199) Other current and non-current assets (227) (192) Accounts payable and accrued expenses (196) (1,618) Other current and non-current liabilities — 10 Net change in operating assets and liabilities (591) (1,747) Net cash provided by operating activities 2,219 1,329 Investing activities: Acquisitions of businesses (1,000) — Purchases of property, plant, and equipment (563) (425) Proceeds from sales of property, plant, and equipment 4 9 Purchases of intangibles (59) (56) Investments in unconsolidated affiliates (7) (316) Other, net 11 4 Net cash used in investing activities (1,614) (784) Financing activities: Proceeds from issuance of Notes 3,000 — Repayments of Notes (1,150) (500) Net (repayment) issuance of commercial paper (480) 1,697 Proceeds from term loan 990 — Proceeds from structured payables 49 130 Repayments of structured payables (129) (148) Cash dividends paid (1,194) (1,142) Repurchases of common stock (1,110) (706) Tax withholdings related to net share settlements (61) (62) Payments on finance leases (115) (95) Other, net (23) (6) Net cash used in financing activities (223) (832) Cash, cash equivalents, restricted cash, and restricted cash equivalents: Net change from operating, investing and financing activities 382 (287) Effect of exchange rate changes (41) 19 Beginning balance 267 535 Ending balance $ 608 $ 267 Keurig DR PEPPER INC ... Coffee 349 383 1,079 1,158 International 126 144 545 475 Unallocated corporate costs (236) (272) (911) (924) Total income from operations $ 63 $ 943 $ 2,591 $ 3,192 Keurig DR PEPPER INC ... Keurig DR PEPPER INC ... Keurig DR PEPPER INC ... Coffee International Unallocated corporate costs Total For the Fourth Quarter of 2024 Reported - Income from Operations $ (176) $ 349 $ 126 $ (236) $ 63 Items Affecting Comparability: Mark to market — — — (10) (10) Amortization of intangibles 4 25 4 — 33 Stock compensation — — — 3 3 Restructuring - 2023 CEO Succession and Associated Realignment — — — 24 24 Productivity — 21 — 15 36 Impairment of goodwill and other intangible assets 718 — — — 718 Non-routine legal matters — — — 5 5 GHOST integration — — — 1 1 Other GHOST adjustments 225 — — — 225 Transaction costs 2 — — 23 25 Restructuring - 2024 Network Optimization 1 4 — 1 6 Adjusted - Income from Operations $ 774 $ 399 $ 130 $ (174) $ 1,129 Change - adjusted 8.6 % (5.7) % (14.5) % (7.0) % 2.5 % Impact of foreign currency — % — % 5.9 % — % 0.9 % Change - constant currency adjusted 8.6 % (5.7) % (8.6) % (7.0) % 3.4 % For the Fourth Quarter of 2023 Reported - Income from Operations $ 688 $ 383 $ 144 $ (272) $ 943 Items Affecting Comparability: Mark to market — — 6 34 40 Amortization of intangibles 6 26 2 — 34 Stock compensation — — — 4 4 Restructuring - 2023 CEO Succession and Associated Realignment — — — 8 8 Productivity 19 14 — 38 71 Transaction costs — — — 1 1 Adjusted - Income from Operations $ 713 $ 423 $ 152 $ (187) $ 1,101 Keurig DR PEPPER INC ... Coffee 33.1 3.4 36.5 International 29.1 1.6 30.7 Total operating margin 24.4 4.1 28.5 Keurig DR PEPPER INC ... Coffee International Unallocated corporate costs Total For the Year Ended December 31, 2024 Reported - Income from Operations $ 1,878 $ 1,079 $ 545 $ (911) $ 2,591 Items Affecting Comparability: Mark to market — — (7) 7 — Amortization of intangibles 19 100 14 — 133 Stock compensation — — — 14 14 Restructuring - 2023 CEO Succession and Associated Realignment — — — 40 40 Productivity 3 74 — 70 147 Impairment of goodwill and other intangible assets 718 — — — 718 Non-routine legal matters — — — 10 10 GHOST integration — — — 1 1 Other GHOST adjustments 225 — — — 225 Inventory step-up 4 — — — 4 Transaction costs 2 — — 38 40 Restructuring - 2024 Network Optimization 12 37 — 2 51 Adjusted - Income from Operations $ 2,861 $ 1,290 $ 552 $ (729) $ 3,974 Change - adjusted 11.7 % (3.2) % 11.1 % (0.8) % 8.7 % Impact of foreign currency — % — % 2.4 % — % 0.3 % Change - constant currency adjusted 11.7 % (3.2) % 13.5 % (0.8) % 9.0 % For the Year Ended December 31, 2023 Reported - Income from Operations $ 2,483 $ 1,158 $ 475 $ (924) $ 3,192 Items Affecting Comparability: Mark to market — — 6 2 8 Amortization of intangibles 20 101 16 — 137 Stock compensation — — — 17 17 Restructuring - 2023 CEO Succession and Associated Realignment — — — 35 35 Productivity 57 74 — 128 259 Impairment of intangible assets 2 — — — 2 Non-routine legal matters — — — 5 5 Transaction costs — — — 2 2 Adjusted - Income from Operations $ 2,562 $ 1,333 $ 497 $ (735) $ 3,657 Keurig DR PEPPER INC ... Coffee 28.4 4.3 32.7 International 24.7 1.2 25.9 Total operating margin 21.5 3.2 24.7 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 $ 1,441 Interest expense, net 735 Provision for income taxes 473 Depreciation expense 422 Other amortization 178 Amortization of intangibles 133 EBITDA $ 3,382 Items affecting comparability: Mark to market $ (17) Stock compensation 14 Restructuring - 2023 CEO Succession and Associated Realignment 40 Productivity 114 Impairment of goodwill and other intangible assets 718 Impairment of investments and note receivable 2 Non-routine legal matters 10 GHOST integration 1 Other GHOST adjustments 225 Inventory step-up 4 Transaction costs 40 Restructuring - 2024 Network Optimization 51 Adjusted EBITDA $ 4,584 December 31, 2024 Principal amounts of: Commercial paper notes $ 1,616 Senior unsecured notes 13,093 Term loan 990 Total principal amounts 15,699 Less: Cash and cash equivalents 510 Total principal amounts less cash and cash equivalents $ 15,189 December 31, 2024 Management Leverage Ratio 3.3 Keurig DR PEPPER INC ... Year Ended December 31, (in millions) 2024 2023 Net cash provided by operating activities $ 2,219 $ 1,329 Purchases of property, plant, and equipment (563) (425) Proceeds from sales of property, plant and equipment 4 9 Free Cash Flow $ 1,660 $ 913 SOURCE Keurig Dr Pepper Inc.

Keurig Dr Pepper Announces Secondary Offering of Common Stock by JAB ... 26, 2025 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) (the "Company" or "KDP") announced today that a subsidiary of JAB Holding Company s.a.r.l ... We take immense pride in having supported the creation and growth of KDP into the leading beverage company it is today and have full confidence in the leadership and Board of KDP to continue its success." Bob Gamgort , Executive Chairman of KDP, stated, "We have valued our partnership with JAB since their leadership role in the take-private transaction of Keurig Green Mountain in 2015 ... Investors: Investor Relations Keurig Dr Pepper T: 888-340-5287 / IR@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig ® , Dr Pepper ® , Canada Dry ® , Mott's ® , A&W ® , Peñafiel ® , Snapple ® , 7UP ® , Green Mountain Coffee Roasters ® , GHOST®, Clamato ® , Core Hydration ® and The Original Donut Shop ® ... SOURCE Keurig Dr Pepper .

Keurig Dr Pepper Announces Pricing of Secondary Offering of Common Stock by JAB ... 27, 2025 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) (the "Company" or "KDP") announced today the pricing of its previously-announced registered public offering of 73,000,000 shares through a secondary offering by a subsidiary of JAB Holding Company s.a.r.l ... Investors: Investor Relations Keurig Dr Pepper T: 888-340-5287 / IR@kdrp.com Media: Katie Gilroy Keurig Dr Pepper T: 781-418-3345 / katie.gilroy@kdrp.com About Keurig Dr Pepper Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America , with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere ... Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Peñafiel®, Snapple®, 7UP®, Green Mountain Coffee Roasters®, GHOST®, Clamato®, Core Hydration® and The Original Donut Shop® ... SOURCE Keurig Dr Pepper .