Welcome to our dedicated page for Keurig Dr Pepper news (Ticker: KDP), a resource for investors and traders seeking the latest updates and insights on Keurig Dr Pepper stock.
Keurig Dr Pepper Inc. (KDP) delivers beverages and innovative brewing systems across North America. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and market strategies.
Access official press releases and curated analysis covering earnings announcements, product innovations, sustainability initiatives, and partnership developments. Our repository ensures timely access to information impacting KDP's position in the non-alcoholic beverage sector.
Key coverage areas: quarterly financial results, new product launches, manufacturing advancements, and leadership updates. Bookmark this page to monitor how KDP balances its 125+ brand portfolio with evolving consumer preferences in coffee systems and liquid refreshments.
Keurig Dr Pepper (KDP) announced a secondary offering where JAB Holding Company will sell 60 million shares of KDP common stock, with an option for an additional 9 million shares. After the offering, JAB's ownership will decrease to approximately 16.5% of KDP's outstanding shares, or 15.8% if the additional option is exercised. The remaining JAB-owned shares will be subject to a 90-day lock-up agreement. Additionally, Frank Engelen, Managing Partner and CFO of JAB, has been appointed to KDP's Board of Directors, replacing Lubomira Rochet. Morgan Stanley & Co. is serving as the underwriter for the offering.
Keurig Dr Pepper (KDP) reported Q3 2024 results with net sales increasing 2.3% to $3.9 billion. On a constant currency basis, net sales grew 3.1%, driven by volume/mix growth of 3.5%. Adjusted diluted EPS increased 6.3% to $0.51, while operating cash flow reached $628 million. The U.S. Refreshment Beverages segment showed strong performance with 5.3% sales growth, while U.S. Coffee sales declined 3.6%. The company announced the acquisition of GHOST to strengthen its position in the energy drink market and reaffirmed its full-year 2024 guidance.
Keurig Dr Pepper (NASDAQ: KDP) has announced a definitive agreement to acquire GHOST, a lifestyle sports nutrition business known for its fast-growing energy drink brand. The acquisition will occur in two stages: KDP will initially purchase a 60% stake for approximately $990 million, followed by the remaining 40% stake in 2028. GHOST's net sales have more than quadrupled over the past three years, making it one of the fastest-growing brands in the energy category. The initial transaction is expected to close in late 2024 or early 2025, with GHOST's co-founders continuing to lead the business as part of KDP's U.S. Refreshment Beverages segment. KDP plans to invest up to $250 million starting mid-2025 to transition GHOST Energy's distribution to its direct store delivery network.
Keurig Dr Pepper (NASDAQ: KDP) has announced that it will release its financial results for the third quarter ended September 30, 2024 before the market opens on Thursday, October 24, 2024. The company will also hold a conference call on the same day at 8:00 AM (ET) to discuss the results. The call will be hosted by Tim Cofer, Chief Executive Officer, and Sudhanshu Priyadarshi, Chief Financial Officer and President, International.
Investors and analysts can access the call by dialing specific numbers for the US, Canada, and international participants. A replay of the call will be available from October 24, 2024, at approximately 11:00 AM (ET) until November 7, 2024. Additionally, a live audio webcast and replay of the event will be accessible through the Investors section of the company's corporate website.
Keurig Dr Pepper (NASDAQ: KDP) has announced a 7.0% increase in its annualized dividend rate to $0.92 per share, up from the current rate of $0.86 per share. The company's Board of Directors has approved this increase, which will be effective immediately. Additionally, KDP has declared a regular quarterly cash dividend of $0.23 per share, payable on October 11, 2024, to shareholders of record as of September 27, 2024. This dividend increase demonstrates KDP's commitment to delivering value to its shareholders and reflects confidence in the company's financial stability and growth prospects.
Black Rifle Coffee Company (NYSE: BRCC) has announced a long-term sales and distribution agreement with Keurig Dr Pepper (NASDAQ: KDP) for its new Black Rifle Energy™ drinks. The partnership combines BRCC's brand appeal with KDP's distribution network. The energy drinks, featuring 200mg of caffeine per 16-ounce can and zero sugar, will be available in four flavors. The product line is set to launch in Q4 and achieve nationwide availability by early 2025. KDP will handle distribution in most of its company-owned territories, aiming to boost retail presence and market share. This agreement expands on the existing K-Cup pod partnership between the two companies.
Keurig Dr Pepper (NASDAQ: KDP) has announced a multi-year partnership with the Federación Mexicana de Futbol (FMF), becoming an official partner of the U.S. tours for the Mexican Men's and Women's National Teams. Five KDP brands - Peñafiel®, Clamato®, Squirt®, 7UP® and McCafé at Home - will be the U.S. beverage category sponsors for both teams' U.S. tour matches.
The partnership includes consumer engagement experiences, sampling opportunities, and local retail market activations. MexTour, with an average attendance of nearly 60,000 per match in the last decade, has an estimated fan base of 60 million people. MexTour W, entering its third year in 2025, has an estimated fan base of 49 million.
This partnership aligns with KDP's strategy to connect with the growing Mexican soccer fanbase in the U.S., especially as anticipation builds for the 2026 FIFA World Cup and the 2027 FIFA Women's World Cup.
Keurig Dr Pepper (NASDAQ: KDP) has announced its participation in the Barclays Global Consumer Staples Conference on September 4, 2024 at 8:15 AM ET. CEO Tim Cofer and CFO & President of International Sudhanshu Priyadarshi will engage in a fireside chat during the event.
Investors and interested parties can access a live webcast of the event through the company's website, www.keurigdrpepper.com. For those unable to attend live, a recorded version and transcript will be made available in the Investors section of KDP's website after the event.
This participation highlights KDP's commitment to investor relations and transparency in communicating with stakeholders about the company's strategies and performance in the consumer staples sector.
Dr Pepper® has announced the return of 'Fansville' for its seventh season, coinciding with the start of the college football season. The popular satirical drama series will feature seven new episodes, including appearances by Texas Longhorns quarterback Quinn Ewers. The brand is also collaborating with fashion designer Nigel Xavier to create unique Dr Pepper-inspired football outfits.
The new season addresses recent changes in college football, such as the 12-team playoff expansion and conference realignments. Dr Pepper is celebrating its 10th anniversary as the Official Sponsor of the College Football Playoffs. The campaign will air on major networks and across various media platforms throughout the football season.
Keurig Dr Pepper (NASDAQ: KDP) reported Q2 2024 results and reaffirmed its fiscal 2024 guidance. Key highlights include:
- Net sales increased 3.5% to $3.92 billion
- Adjusted diluted EPS grew 7.1% to $0.45
- U.S. Refreshment Beverages net sales up 3.3% to $2.4 billion
- U.S. Coffee net sales decreased 2.1% to $1.0 billion
- International net sales surged 15.5% to $0.6 billion
The company expects on-algorithm net sales and adjusted EPS growth in 2024, driven by strong execution, consumer-centric innovation, and portfolio expansion into higher growth categories.
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