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First Quarter Consolidated ResultsNet sales for the first quarter of 2023 increased 8.9% to $3.35 billion, compared to $3.08 billion in the year-ago period and, on a constant currency basis, net sales also advanced 8.9%. The Company's Drink Well. Retail consumption data based on Keurig Dr Pepper's custom IRi category definitions for the 13-week period ending 4/2/2023. This statement sets out the steps taken by KDPbetween 2020 and 2023to prevent, identify and address human rights and modern slavery risks in our operations and supply chains. RECONCILIATION OF CERTAIN FINANCIAL MEASURES BY SEGMENT TO CONSTANT CURRENCY, RECONCILIATION OF ADJUSTED EBITDA AND MANAGEMENT LEVERAGE RATIO, ADJUSTED EBITDA RECONCILIATION - LAST TWELVE MONTHS, Total principal amounts less cash and cash equivalents, RECONCILIATION OF ADJUSTED EBITDA - LAST TWELVE MONTHS, Impairment on investments and note receivable, https://www.prnewswire.com/news-releases/keurig-dr-pepper-reports-q1-2023-results-and-reaffirms-guidance-for-2023-301808948.html, Where Keurig Dr Pepper Stands With Analysts, Keurig Dr Pepper Earnings Perspective: Return On Capital Employed, RBC Capital Remains a Buy on Keurig Dr Pepper (KDP), Keurig Dr Pepper (KDP) Gets a Buy from Barclays, Bank of America Securities Sticks to Their Buy Rating for Keurig Dr Pepper (KDP), Analysts Opinions Are Mixed on These Consumer Goods Stocks: Keurig Dr Pepper (KDP), Harley-Davidson (HOG) and The Hershey Company (HSY), Analysts Conflicted on These Consumer Goods Names: Columbia Sportswear (COLM) and Keurig Dr Pepper (KDP), Registration on or use of this site constitutes acceptance of our. For the first quarter ended March 31, 2022 and 2021, the supplemental financial data set forth below includes reconciliations of adjusted and constant currency adjusted financial measures to the applicable financial measure presented in the unaudited condensed consolidated financial statements for the same period. Adjustments to reconcile net income to net cash provided by operating activities: Employee stock-based compensation expense, Gain on disposal of property, plant and equipment, Equity in (earnings) loss of unconsolidated affiliates, Impairment on investments and note receivable of unconsolidated affiliates, Income taxes receivable and payables, net, Other current and non-current liabilities, Net change in operating assets and liabilities, Net cash provided by operating activities, Proceeds from sale of investment in unconsolidated affiliates, Purchases of property, plant and equipment, Proceeds from sales of property, plant and equipment, Issuance of related party note receivable, Net cash (used in) provided by investing activities, Proceeds from issuance of commercial paper, Tax withholdings related to net share settlements. Please enable Cookies and reload the page. Individuals can find, search, or browse across 900+ occupations based on their goals and needs. Use the 6 ounce brew size to achieve the MULTISTREAM TECHNOLOGY: Extracts more flavor and aroma* in every brew. Management believes this information is helpful to investors because it increases transparency and assists investors in understanding the underlying performance of the Company and in the analysis of ongoing operating trends. Additionally, as a member of the Business for Inclusive Growth (B4IG) coalition, we are committed to business action to advance human rights, build inclusive workplaces and strengthen inclusion. NON-GAAP FINANCIAL MEASURESThis release includes certain non-GAAP financial measures including Adjusted gross profit, Adjusted operating income, Adjusted net income, Adjusted diluted EPS, free cash flow and financial measures presented on a constant currency basis, which differ from results using U.S. Generally Accepted Accounting Principles (GAAP). 11% of Keurig Dr Pepper employees are Black or African American. Common stock, $0.01 par value, 2,000,000,000 shares authorized, Total liabilities and stockholders' equity. The performance reflected strength in CSDs3, seltzers, coconut waters, energy, apple juice and fruit drinks and was driven by Dr Pepper, Canada Dry, A&W, Sunkist, Squirt and Crush CSDs, as well as Polar seltzers, Vita Coco, C4 Energy, Mott's and Hawaiian Punch. Keurig Dr Pepper insights Based on 2,372 survey responses What people like Feeling of personal appreciation Clear sense of purpose Ability to meet personal goals Areas for improvement Trust in colleagues Sense of belonging Support from manager Work at own pace Delivery Driver (Former Employee) - Flint, MI - March 1, 2023 Ok place to work. The most common major among Keurig Dr Pepper employees is business. uStoreCustomerApp_SameSite. Tax forms . Disculpa para informarnos de que tienes problemas. las molestias. Keurig Dr Pepper insights Based on 2,358 survey responses Areas for improvement Sense of belonging Trust in colleagues Support from manager Good Order Puller (Former Employee) - Houston, TX - January 9, 2020 Friendly people person helps alot. Excluding items affecting comparability, Adjusted operating income increased 18.3% to $84 million and, on a percent of net sales basis, totaled 20.2%. U.S. Refreshment BeveragesNet sales for the first quarter increased 12.7% to $2.01 billion, compared to $1.78 billion in the year-ago period, reflecting favorable net price realization of 12.5% and a 0.2% increase in volume/mix. Excluding items affecting comparability, Adjusted operating income increased 11.6% to $508 million and, on a percent of net sales basis, totaled 25.3%. Regenerative agriculture and conservation actions are key drivers for protecting, restoring and managing natural resources. Employee Benefits May Include the following: Keurig Dr Pepper Inc. recruits qualified applicants and advances in employment its employees without regard to race, color, religion, gender, sex, sexual orientation, gender identity, gender expression, age, disability, genetic information, ethnic or national origin, marital status, veteran status, or any other protected class by law. Weekdays 7 a.m. to 5 p.m. Central Time. COFFEE, LATTES & CAPPUCCINOS: Use any K-Cup pod to brew coffee, or make delicious lattes and cappuccinos. On a consolidated basis and against the backdrop of persistent inflation, we are driving healthy bottom-line growth while reinvesting in our business, and we remain confident in our 2023 outlook.". 32% of Keurig Dr Pepper employees majored in business. Download 2022 Trade Associations. Military Education Occupation Handbook SOC DOT RAPIDS ESCO. Si continas recibiendo este mensaje, infrmanos del problema 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, Canada Dry, Clamato, CORE, Green Mountain Coffee Roasters, Mott's, Snapple, and The Original Donut Shop. Keurig Dr Pepper Inc., formerly Green Mountain Coffee Roasters (1981-2014) and Keurig Green Mountain (2014-2018), is a publicly traded American beverage and coffeemaker conglomerate with headquarters in Burlington, Massachusetts. questo messaggio, invia un'email all'indirizzo Keurig Dr Pepper is committed to high standards of social and environmental responsibility and ethical conduct. scusiamo se questo pu causarti degli inconvenienti. Facebook Twitter . to let us know you're having trouble. Commenting on the announcement, Chairman and CEO Bob Gamgort stated, "Our overall performance in the quarter demonstrated the resilience of KDP as we delivered on our commitments in a dynamic macro environment. U.S. CoffeeNet sales for the first quarter decreased 1.3% to $931 million, compared to $943 million in the year-ago period. Liquid Refreshment Beverages (LRB) category remained strong, with retail dollar consumption2advancing 13.6% and KDP growing market share in categories representing approximately 88% of its cold beverage retail sales base. Driving the consolidated net sales growth was favorable net price realization of 9.9%, only slightly offset by lower volume/mix of 1.0%, reflecting the strength of the Company's brand portfolio and continued modest elasticities across most categories. By 1982, the company had around 30 employees, and moved its production facilities to Waterbury, Vermont. Apply for this job . These non-GAAP financial measures should be considered as supplements to the GAAP reported measures, should not be considered replacements for, or superior to, the GAAP measures and may not be comparable to similarly named measures used by other companies. InternationalNet sales for the first quarter increased 17.2% to $415 million, compared to $354 million in the year-ago period and, on a constant currency basis, net sales advanced 16.7%. Lamentamos scusiamo se questo pu causarti degli inconvenienti. Se continui a visualizzare Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. excuses voor het ongemak. is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com, Endless.com, MYHABIT.com, SmallParts.com, or AmazonWireless.com. KDP holds leadership positions in liquid refreshment beverages, including soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. The links below share our approach to political engagement, our policy on Political Contributions and the trade associations to which KDP pays annual dues or membership fees, including disclosures on those associations that receive more than $25,000 per year in non-deductible fees for federal lobbying expenditures. Facebook Twitter . Depending on the size of your mug, you can make as many or as few cups as youd like. Session. This timeline shows Keurig Dr Pepper's net sales worldwide from 2017 to 2022. Join our strong, committed team of more than 25,000 employees in the U.S., Canada, Mexico, the Caribbean, Europe and Asia who deliver outstanding results every day across Marketing, Sales, Distribution, Manufacturing . Hi There Welcome to coffeereliever.com, now we have completed of user guide and manual instruction for you that love Keurig coffee brewer models. Comprehensive reports include occupation requirements, worker characteristics, and available training, education, and job . message, contactez-nous l'adresse Join the Keurig Dr Pepper team See Our Latest Jobs 1.0 Former Employee Run Mar 21, 2023 - Delivery Driver in Irving, TX Recommend CEO Approval Business Outlook Pros Mangers are friendly nothing bad to say about them at all. Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliates. real person. The Company uses non-GAAP financial measures internally to focus management on performance excluding these special charges to gauge our business operating performance. Non-GAAP financial measures typically exclude certain charges, including one-time costs that are not expected to occur routinely in future periods. It is also recommended to read the owners manual closely before making any changes to the machine. [Puzzle Caffe], The Best Coffee Grinder and Brewer: Things to Know Before Buying One, Best Dark Roast Coffee Beans By Value, Organic and Specialty, A Beginners Guide to Instant Coffee: Benefit, Type, Recipes and More, The Ultimate Guide to Making the Perfect Caff Americano, Everything You Need to Know About Single Origin Coffees. $14.1 B FY, 2022 Company summary Overview Keurig Dr Pepper is a beverage company in with a diverse portfolio of flavored soft drinks, including water, ready-to-drink tea and coffee, juice, juice drinks, mixers, and specialty coffee. The instructions will walk you through the process step-by-step. U.S. Refreshment BeveragesNet sales for the first quarter increased 12.7% to $2.01 billion, compared to $1.78 billion in the year-ago period, reflecting favorable net price realization of 12.5% and a 0.2% increase in volume/mix. Please enable Cookies and reload the page. GAAP operating income decreased 9.0% to $232 million, compared to $255 million in the year-ago period, largely reflecting the decline in volume/mix, broad-based inflationary pressure and an unfavorable year-over-year impact of items affecting comparability, partially offset by higher net price realization and productivity. Partner sites. Excluding items affecting comparability, Adjusted operating income decreased 4.5% to $699 million, despite the strong growth in net sales and Adjusted gross profit, primarily due to the comparison to year-ago benefits, broad-based inflationary pressure, as well as increased marketing investment. to let us know you're having trouble. Excluding items affecting comparability, Adjusted net income for the quarter advanced 0.6% to $479 million, and Adjusted diluted EPS increased 3.0% to $0.34. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. This performance reflected higher net price realization of 5.3%, more than offset by a 6.6% decline in volume/mix. It is also recommended to read the owner's manual closely before making any changes to the machine. Compared against pre-pandemic levels represented by the twelve months ending March 31, 2019, brewer shipments grew 25.6%, representing a mid-single digit CAGR. Be the first to like Keurig Dr Pepper Photos Expert Career Advice Climb the Ladder With These Proven Promotion Tips Argentina Australia Download Keurig Dr Peppers Supplier Code of Conduct (FRENCH) corporate responsibility platform is focused on the greatest opportunities for impact in the environment, its supply chain, the health and well-being of consumers and with its people and communities. Select the largest brew size. Selling, general and administrative expenses, Impairment of investments and note receivable, Net income including non-controlling interest, Less: Net loss attributable to non-controlling interest. GAAP operating income decreased 30.4% to $490 million, compared to $704 million in the year-ago period, largely reflecting the unfavorable year-over-year impact of items affecting comparability, including the gain on the Body Armor litigation settlement in 2022. Aydanos a proteger Glassdoor verificando que eres una persona real. Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. KDP strives to be an example of good human rights and labor practices throughout our business activities. For each period, management adjusts for (i) the unrealized mark-to-market impact of derivative instruments not designated as hedges in accordance with U.S. GAAP that do not have an offsetting risk reflected within the financial results, as well as the unrealized mark-to-market impact of our Vita Coco investment; (ii) the amortization associated with definite-lived intangible assets; (iii) the amortization of the deferred financing costs associated with the DPS Merger; (iv) the amortization of the fair value adjustment of the senior unsecured notes obtained as a result of the DPS Merger; (v) stock compensation expense and the associated windfall tax benefit attributable to the matching awards made to employees who made an initial investment in KDP; (vi) non-cash changes in deferred tax liabilities related to goodwill and other intangible assets as a result of tax rate or apportionment changes; and (vii) other certain items that are excluded for comparison purposes to prior year periods. Wir entschuldigen uns fr die Umstnde. Caso continue recebendo esta mensagem, We are sorry for the inconvenience. Join the Keurig Dr Pepper team See Our Latest Jobs 5.0 Current Temporary Employee Had a great experienc! Nous sommes dsols pour la gne occasionne. and FRISCO, Texas, April 27, 2023 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the first quarter ended March 31, 2023 and reaffirmed its guidance for full year constant currency net sales growth of 5% and Adjusted diluted EPS growth of 6% to 7%.

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