Forward-looking statements are subject to a number of risks and uncertainties, including the factors disclosed in our Annual Report on Form 10-K and subsequent filings with the SEC. At-home coffee consumption in the quarter continued to normalize post the pandemic. 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%. GAAP operating income increased a strong 25.0% to $80 million, compared to $64 million in the year-ago period, largely reflecting the benefits of the double-digit increase in net sales and productivity, as well as items affecting comparability, partially offset by broad-based inflationary pressure. Onze GAAP net income for the quarter decreased 20.2% to $467 million, or $0.33 per diluted share, compared to $585 million, or $0.41 per diluted share, in the year-ago period. Keurig Dr Pepper Inc. (KDP) is committed to doing business the right way and to its responsibility to protect human rights. localhost. Read more about : ALL KEURIG BREWER MODELS OWNERS MANUALS, Your email address will not be published. The average price target represents an increase . The U.S. Refreshment Beverages and International segments exhibited standout performance and, as expected, U.S. Coffee had a slower start to the year. Se continui a visualizzare Retail consumption data based on Keurig Dr Pepper's custom IRi category definitions for the 13-week period ending 4/2/2023. Select the largest brew size. These forward-looking statements can generally be identified by the use of words such as "outlook," "guidance," "anticipate," "expect," "believe," "could," "estimate," "feel," "forecast," "intend," "may," "plan," "potential," "project," "should," "target," "will," "would," and similar words. Military Education Occupation Handbook SOC DOT RAPIDS ESCO. Download 2022 Trade Associations. It will tell you how to make the best cup of coffee for the right amount of time and will help you learn how to use it. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Excluding items affecting comparability, Adjusted operating income decreased 5.3% to $285 million and, on a percent of net sales basis, totaled 30.6%. We will share progress toward this goal annually in our Corporate Responsibility Report and also welcome feedback at sustainabilityservices@kdrp.com. Individuals can find, search, or browse across 900+ occupations based on their goals and needs. 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). To the extent that the Company provides guidance, it does so only on a non-GAAP basis and does not provide reconciliations of such forward-looking non-GAAP measures to GAAP due to the inability to predict the amount and timing of impacts outside of the Company's control on certain items, such as non-cash gains or losses resulting from mark-to-market adjustments of derivative instruments, among others. If you have questions regarding your personal benefits package, please contact the Benefits Center at 1-888-983-8288 for assistance. For the first quarter of 2022, the other certain items excluded for comparison purposes include (i) restructuring and integration expenses related to significant business combinations; (ii) productivity expenses; (iii) costs related to significant non-routine legal matters, specifically the antitrust litigation; (iv) the loss on early extinguishment of debt related to the redemption of debt; (v) incremental costs to our operations related to risks associated with the COVID-19 pandemic, which were incurred to either maintain the health and safety of our front-line employees or temporarily increase compensation to such employees to ensure essential operations continue during the pandemic; (vi) the gain on the sale of our investment in BodyArmor as a result of the settlement of the associated holdback liability; (vii) the gain on the settlement of our prior litigation with BodyArmor, excluding recoveries of previously incurred litigation expenses which were included in our adjusted results; and (viii) losses recognized with respect to our equity method investment in Bedford as a result of funding our share of their wind-down costs. 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. In 2021, KDP set a goal of supporting regenerative agriculture and conservation on 250,000 acres of land by 2030, which represents 50% of the land area used to grow all of the coffee, corn (for High Fructose Corn Syrup) and apples (fresh and for juice concentrate) that KDP purchases. Comprehensive reports include occupation requirements, worker characteristics, and available training, education, and job . Share. Common stock, $0.01 par value, 2,000,000,000 shares authorized, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Keurig Dr Pepper to Report First Quarter 2023 Results and Host Conference Call, Keurig Dr Pepper Announces New Corporate Community Impact Partnership with the Red Cross. Download Political Engagement Approach This performance reflected the unfavorable year-over-year impact of items affecting comparability and the decline in Adjusted operating income, partially offset by the benefits of Nutrabolt equity method earnings, a lower effective tax rate and lower diluted shares outstanding. Disculpa Our Conflict Minerals Policy can be downloaded below: Download Keurig Dr Pepper's Conflict Minerals Policy(ENGLISH) 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. 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. The average employee at Keurig Dr Pepper makes $42,406 per year. para informarnos de que tienes problemas. envie um e-mail para @ 2023 CoffeeReliever These quick-read summaries of their Knowledge 2020 breakout presentations offer insights into innovative approaches to improve employee experience, productivity and business agility with workflows that remove the barriers between departments. On average, employees at Keurig Dr Pepper stay with the company for 4.5 years. The most common highest degree level of Keurig Dr Pepper employees is bachelors, with 35% of employees having at least a bachelors. Onze Free cash flow is defined as net cash provided by operating activities adjusted for purchases of property, plant and equipment, proceeds from sales of property, plant and equipment, and certain items excluded for comparison to prior year periods. Employee Benefits May Include the following: 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. To that end, we are committed to the ethical sourcing of minerals including tin, tantalum, tungsten and gold (3TG). Tax impact is determined based upon an approximate rate for each item. Download Keurig Dr Pepper's Conflict Minerals Policy (FRENCH). GAAP net income for the quarter decreased 20.2% to $467 million, or $0.33 per diluted share, compared to $585 million, or $0.41 per diluted share, in the year-ago period. Zippia gives an in-depth look into the details of Keurig Dr Pepper, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Keurig Dr Pepper. Which benefits does Keurig Dr Pepper provide? About Keurig Dr PepperKeurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue of more than $14 billion and approximately 28,000 employees. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Cash, cash equivalents, and restricted cash and cash equivalents: Net change from operating, investing and financing activities, RECONCILIATION OF CERTAIN NON-GAAP INFORMATION, Amortization of fair value debt adjustment. Very helpful Cons The work load suck when you have to stock every store you go to. 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. pour nous faire part du problme. On a trailing twelve-month basis versus the pre-pandemic Q1 2019 period, at-home pod shipments grew 22.8%, representing a mid-single digit compound annual growth rate (CAGR). KDP strives to be an example of good human rights and labor practices throughout our business activities. The Company uses non-GAAP financial measures internally to focus management on performance excluding these special charges to gauge our business operating performance. Our Stories Learn more about how Keurig Dr Pepper is shaping the future of beverage possibilities Read More RECENT NEWS Apr 27, 2023 Keurig Dr Pepper Reports Q1 2023 Results and Reaffirms Guidance for 2023 You will need to use your KDP Username (aka. 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.". Lamentamos Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. We are committed to sourcing products, components and materials from companies that share our values regarding respect for human rights, ethics and environmental responsibility. The data presented on this page does not represent the view of Keurig Dr Pepper and its employees or that of Zippia. We are under no obligation to update, modify or withdraw any forward-looking statements, except as required by applicable law. message, contactez-nous l'adresse Our results were led by strong revenue growth, supported by successful innovation, increased marketing and modest brand elasticities. Wait until the heating sound stops. Apply for this job . Brew Sizes, Black, Keurig K-Elite Coffee Maker, Single Serve K-Cup Pod Coffee Brewer, With Iced Coffee Capability, Brushed Slate, Keurig K-Classic Coffee Maker K-Cup Pod, Single Serve, Programmable, 6 to 10 oz. GAAP operating income for the quarter decreased 39.5% to $584 million, compared to $966 million in the year-ago period, primarily reflecting the unfavorable year-over-year impact of items affecting comparability, including the gain on the Body Armor litigation settlement in 2022, as well as the comparison to year-ago benefits related to the Company's strategic asset investment program, a change in accounting for non-cash stock compensation expense and a recovery of legal fees, which collectively represented an $88 million unfavorable impact in the quarter. The Company does not provide reconciliations of such forward-looking non-GAAP measures to GAAP measures, due to the inability to predict the amount and timing of impacts outside of the Company's control on certain items, such as non-cash gains or losses resulting from mark-to-market adjustments of derivative instruments, among others. We therefore pursue positive impact on the places where we work and the lives we touch, by restoring natural resources and partnering with communities. uStoreCustomerApp_SameSite. Visit: https://www.benefitsaccountmanager.com/www-ybr-com-dpsg/ to View or access the FREE GUIDE on how \u0026 where to go to manage (login / register / enroll) your Keurig Dr Pepper Employee Benefits Online Account website. It also provides single serve brewing systems. Adjusted financial metrics presented in this release are non-GAAP and with growth rates presented on a constant currency basis. Check this Keurig K-Mini Coffee maker video | Best coffee maker under $100? During the quarter, the Company repurchased approximately 6.6 million KDP shares at a weighted average price per share of $34.96, totaling approximately $231 million. 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. KEURIG DR PEPPER INC.RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW(UNAUDITED). Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Preferred stock, $0.01 par value, 15,000,000 shares authorized, no shares. FITS ANYWHERE: Less than 5 inches wide, perfect for small spaces, WHAT'S IN THE BOX: 1 water filter handle, and 1 filter to help ensure your beverages taste their absolute best. You can download the Keurig Dr Pepper Corporate Code of Conduct here. If you continue to see this para informarnos de que tienes problemas. Si continas viendo este mensaje, Our annual Conflict Minerals Reports can be downloaded below: Download Keurig Dr Peppers 2021 Conflict Minerals Report Company YBR Benefits Center Phone Number: 1-866-602-3774. The most directly comparable GAAP financial measures and reconciliations to non-GAAP financial measures are set forth in the appendix to this release and included in the Company's filings with the SEC. Additionally, management believes that non-GAAP financial measures are frequently used by analysts and investors in their evaluation of companies, and their continued inclusion provides consistency in financial reporting and enables analysts and investors to perform meaningful comparisons of past, present and future operating results. KDP in-market performance in the U.S. Do Not Sell or Share My Personal Information. 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. 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. Comprehensive reports include occupation requirements, worker characteristics, and available training, education, and job . This Code defines the universal standards that we require our suppliers to adhere to when conducting business with KDP. Employees 27,500. Als u dit bericht blijft zien, stuur dan een e-mail 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. See reconciliations of GAAP results to Adjusted results on a constant currency basis in the accompanying tables. 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. This statistic shows the number of employees of Keurig Dr Pepper worldwide in 2018, by country. Cash, cash equivalents, and restricted cash and cash equivalents: Net change from operating, investing and financing activities, KEURIG DR PEPPER INC.RECONCILIATION OF CERTAIN NON-GAAP INFORMATION(UNAUDITED). 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. Checker (Current Employee) - Irving, TX - February 1, 2022 The company reports its financial results in accordance with U.S. GAAP. 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