Keurig Dr Pepper Reports Q1 2023 Results and Reaffirms Guidance for 2023 Forward-looking statements by their nature address matters that are, to different degrees, uncertain. 47% of employees at Keurig Dr Pepper have a commercial driver license. 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Job Opening: Truck Driver Class A CDL If you continue to see this 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. As a result, the U.S. Securities and Exchange Commission (SEC) adopted final rules to implement reporting and disclosure requirements related to conflict minerals, as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the Rule). Driving this exceptional performance was strong traction from recent innovation, most notably Dr Pepper Strawberries & Cream, and effective in-market execution, as well as the contribution from our recently announced sales and distribution partnership for C4 Energy. Feb 22, 2021 - Production in Allentown, PA Recommend CEO Approval Business Outlook Pros 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. Military Education Occupation Handbook SOC DOT RAPIDS ESCO. 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. CONDENSED CONSOLIDATED STATEMENTS OF INCOME, 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. Excluding items affecting comparability, Adjusted operating income increased 11.6% to $508 million and, on a percent of net sales basis, totaled 25.3%. Investor Contacts:Jane GelfandT: 888-340-5287 / jane.gelfand@kdrp.com, Chethan MallelaT: 646-620-8761 / chethan.mallela@kdrp.com, Media Contact:Katie GilroyT: 781-418-3345 / katie.gilroy@kdrp.com. 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. Wenn 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. We are committed to transparency and disclosure around our workforce demographics. Refer to page A-8for reconciliations of reported net sales to constant currency net sales and adjusted income from operations to constant currency adjusted income from operations. As of April 24, 2023, the average one-year price target for Keurig Dr Pepper is 40.51. Job Opening: Truck Driver CDL A Local Company Keurig Dr Pepper Location Harlingen, TX Posted on April 27, 2023. Download Keurig Dr Peppers Brazilian Coffee Purchasing Policy. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Keurig Dr Pepper Benefit Center. Job Opening: Order Selector Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliates. Onze See reconciliations of GAAP results to Adjusted results on a constant currency basis in the accompanying tables. 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. Forbes Lists #395. Use the 6 ounce brew size to achieve the MULTISTREAM TECHNOLOGY: Extracts more flavor and aroma* in every brew. Our Culture | Keurig Dr Pepper Careers 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 Mission, Benefits, and Work Culture - Indeed The U.S. Refreshment Beverages and International segments exhibited standout performance and, as expected, U.S. Coffee had a slower start to the year. Also impacting the performance was continued broad-based inflationary pressure and a net $32 million year-over-year headwind from the Company's strategic asset investment program, partially offset by the strong net sales growth and productivity. 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 . Project implementation partners should request the Excel version for tracking progress. Excluding items affecting comparability, Adjusted operating income decreased 5.3% to $285 million and, on a percent of net sales basis, totaled 30.6%. 2023 GuidanceThe 2023 guidance provided below is presented on a constant currency, non-GAAP basis. Also impacting the performance was continued broad-based inflationary pressure and a net $32 million year-over-year headwind from the Company's strategic asset investment program, partially offset by the strong net sales growth and productivity. A Keurig coffee maker manual includes a picture of the machine and instructions for cleaning it. Diluted earnings per common share may not foot due to rounding. Published by M. Ridder , Apr 18, 2023. Employee Benefits May Include the following: Best . Keurig Dr Pepper is committed to high standards of social and environmental responsibility and ethical conduct. los inconvenientes que esto te pueda causar. Company YBR Benefits Center Phone Number: 1-866-602-3774. Keurig Dr Pepper ranked seven out of 46 companies in the food & beverage industry, up from #17 in 2022, and is one of only 700 U.S. companies recognized for its consumer, employee and investor trust. Download Political Contributions Policy Avoid using tap water or any other liquid. Download Keurig Dr Pepper's Modern Slavery Statement. Please help us protect Glassdoor by verifying that you're a verdade. Adjusted financial metrics presented in this release are non-GAAP and with growth rates presented on a constant currency basis. KDP strives to be an example of good human rights and labor practices throughout our business activities. Hiring Immediately . Sep 12, 2022 - Marketing and Sales Intern Recommend CEO Approval Business Outlook Pros Great people, well organized program, and I was doing real work. 19% of Keurig Dr Pepper employees are Hispanic or Latino. Non-GAAP financial measures typically exclude certain charges, including one-time costs that are not expected to occur routinely in future periods. The Company uses non-GAAP financial measures internally to focus management on performance excluding these special charges to gauge our business operating performance. Our estimates are verified against BLS, Census, and current job openings data for accuracy. Individuals can find, search, or browse across 900+ occupations based on their goals and needs. 60% of Keurig Dr Pepper employees are white. However, management believes that certain non-GAAP financial measures that reflect the way management evaluates the business may provide investors with additional information regarding the company's results, trends and ongoing performance on a comparable basis. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie I work for Keurig Dr Pepper in Dayton, and the company target certain employees to get them out of the warehouse, the union tells us to shut the f up to our faces, we can't speak up against the . Comprehensive reports include occupation requirements, worker characteristics, and available training, education, and job . 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. Join our email newsletter and get news & updates into your inbox for free. Keurig Dr Pepper Inc, 53 South Avenue, Burlington, MA 01803 Keurig Dr Pepper Inc, 5301 Legacy Drive, Plano, TX 75024 Company Delivers Continued Strong Net Sales Momentum, led by U.S. Refreshment Beverages. Si continas viendo este mensaje, Retail consumption data based on Keurig Dr Pepper's custom IRi category definitions for the 13-week period ending 4/2/2023. These statements are based on the current expectations of our management, are not predictions of actual performance, and actual results may differ materially. Company Benefits Center Phone Number \u0026 Benefit Guide will also be provided.Manage Your Keurig Dr Pepper Employee BenefitsThe above video is a short summary of what employee benefits may be available such as:Health InsuranceDental InsuranceVision ProgramHealth Savings Account (HSA)Life InsuranceSupplemental Life Insurance401(k) PlanMaternity and Paternity LeaveWork from HomeFamily Medical LeaveSick DaysPaid HolidaysVacation and Paid Time OffBereavement Leave Manage Your Keurig Dr Pepper Employee Benefits 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%. The Company uses non-GAAP financial measures internally to focus management on performance excluding these special charges to gauge our business operating performance. BURLINGTON, Mass. Founded in 1981, Keurig Dr.Pepper operates as a beverage company in the United States and internationally. In . Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Brewer shipments totaled 10.2 million for the twelve months ending March 31, 2023, representing a 9.8% decline year-over-year. Items affecting comparability: Defined as certain items that are excluded for comparison to prior year periods, adjusted for the tax impact as applicable. Keurig Dr Pepper Employee Discount - Glassdoor The average price target represents an increase . naar KEURIG DR PEPPER INC.RECONCILIATION OF CERTAIN NON-GAAP INFORMATION(UNAUDITED). Keurig Dr Pepper has outlined our commitments in the following policies that can be downloaded below: Download Keurig Dr Peppers Environmental Policy We are signatories of the organizationsJoint Statement for Protecting Voting Access, which supports safe and accessible voting for all eligible Americans. Constant currency adjusted: Defined as certain financial statement captions and metrics adjusted for certain items affecting comparability, calculated on a constant currency basis by converting our current period local currency financial results using the prior period foreign currency exchange rates. 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. 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. real person. 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. Our results were led by strong revenue growth, supported by successful innovation, increased marketing and modest brand elasticities. 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. This strong and balanced performance was driven by higher net price realization of 9.0% and volume/mix growth of 7.7%, and reflected strength in Peafiel and growth in K-Cup Pods in Canada. You can find our lobbying disclosure filings on the governments Lobbying Disclosure website. 19% of Keurig Dr Pepper employees are female. Download Keurig Dr Peppers 2020 Conflict Minerals Report Keurig Dr Pepper Employee Reviews for Checker - Indeed from 8 AM - 9 PM ET. A plurality of employees at Keurig Dr Pepper stay for less than 1 year. 32% of Keurig Dr Pepper employees majored in business. For the first quarter of 2023, the other certain items excluded for comparison purposes include productivity expenses. To maximize the effectiveness of your brewer, always ensure that you put the proper amount of coffee in the filter holder. 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). It is also recommended to read the owner's manual closely before making any changes to the machine. On a constant currency basis, KDP continues to expect net sales growth of 5% and Adjusted diluted EPS growth of 6% to 7% in 2023, with foreign currency translation expected to be an approximate one half of one percentage point headwind to both metrics. Investor Contacts:Jane GelfandT: 888-340-5287 / [emailprotected], Chethan MallelaT: 646-620-8761 / [emailprotected], Media Contact:Katie GilroyT: 781-418-3345 / [emailprotected]. The least common age range of Keurig Dr Pepper employees is less than 18 years. CUSTOMIZE YOUR CUP: Brew a stronger cup, or brew hot over ice for refreshing iced coffee. Do Good. Aydanos a proteger Glassdoor y demustranos que eres una persona real. 11% of Keurig Dr Pepper employees are Black or African American. message, please email Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of $14.1 billion and nearly 28,000 employees. When youre done, simply pop the K-cup in the pod holder and press the start button. Visit: https://www.benefitsaccountmanager.com/www-ybr-com-dpsg/ to View or access the FREE GUIDE on how & where to go to manage (login / register / enroll) y. ein Mensch und keine Maschine sind. Aydanos a proteger Glassdoor verificando que eres una persona real. 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. None of the information on this page has been provided or approved by Keurig Dr Pepper. 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. 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%. 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. Excluding items affecting comparability, Adjusted operating income increased 18.3% to $84 million and, on a percent of net sales basis, totaled 20.2%. Also impacting the comparison was growth in GAAP gross profit, as continued broad-based inflation was more than offset by the strong net sales performance and higher productivity. Specifically, investors should consider the following with respect to our financial results: Adjusted: Defined as certain financial statement captions and metrics adjusted for certain items affecting comparability. This statistic shows the number of employees of Keurig Dr Pepper worldwide in 2018, by country. We believe the information we report in other filings, including our annual Corporate Responsibility report, is a more accurate reflection of our employee representation by level. Whether youre looking for a basic guide or a detailed guide on how to use your machine, a manual is a must for any Keurig product. Keurig Dr Pepper 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. The most common age range of Keurig Dr Pepper employees is 20-30 years. Free cash flow for the first quarter was $16 million, reflecting lower operating cash flow and higher capital expenditures. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail 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%. Your email address will not be published. Keurig Dr Pepper Reports Q1 2023 Results and Reaffirms Guidance for Individuals can find, search, or browse across 900+ occupations based on their goals and needs. The Merchandiser is responsible for providing high-quality merchandising support for Keurig Dr Pepper brands like 7UP, Snapple, Core, Bai and other fan favorites to retail stores within the assigned territory. Download Keurig Dr Peppers 2019 Conflict Minerals Report. The Company's Drink Well. naar The Company has approximately $3.4 billion remaining under its share repurchase authorization expiring on December 31, 2025. This is extremely helpful for beginners. This process is essentially the same for all models, whether you have the 1.0 or 2.0 series. Whats in the box: 12-cup glass carafe included with your brewer along with a heating plate to keep coffee hot. As of April 24, 2023, the average one-year price target for Keurig Dr Pepper is 40.51. 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). 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. Keurig Dr Pepper insights Based on 2,348 survey responses Areas for improvement Sense of belonging Trust in colleagues Support from manager Have the potential to be a great company, unfortunately, the environment prevents that from happening. Total at-home coffee category trends continued to be impacted in the quarter by greater consumer mobility versus the prior year, with the single serve pod segment gaining volume share of the category. 81% of Keurig Dr Pepper employees are male and 19% of Keurig Dr Pepper employees are female. Se continui a visualizzare At-home coffee consumption in the quarter continued to normalize post the pandemic. scusiamo se questo pu causarti degli inconvenienti. Si vous continuez voir ce Download Keurig Dr Peppers Supplier Code of Conduct (SPANISH) Keurig Dr Pepper's net sales worldwide 2022 | Statista Keurig Dr Pepper Culture reviews in Houston, TX - Indeed It also provides single serve brewing systems. las molestias. message, contactez-nous l'adresse 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. O*NET OnLine provides detailed descriptions of the world-of-work for use by job seekers, workforce development and HR professionals, students, developers, researchers, and more. Ci [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. This Code defines the universal standards that we require our suppliers to adhere to when conducting business with KDP. 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. O*NET OnLine provides detailed descriptions of the world-of-work for use by job seekers, workforce development and HR professionals, students, developers, researchers, and more. Download Keurig Dr Peppers Regenerative Agriculture & Conservation Monitoring and Evaluation Guide, Download Keurig Dr Peppers Chemicals Management Policy, Javascript must be enabled for the correct page display, Keurig Dr Pepper Corporate Code of Conduct here, Joint Statement for Protecting Voting Access, Download Keurig Dr Peppers Supplier Code of Conduct, Download Keurig Dr Pepper's Conflict Minerals Policy, Download Keurig Dr Peppers 2021 Conflict Minerals Report, Download Keurig Dr Peppers 2020 Conflict Minerals Report, Download Keurig Dr Peppers 2019 Conflict Minerals Report, Download Keurig Dr Peppers Environmental Policy, Download Keurig Dr Pepper's Climate Policy. For the first quarter of 2023 and 2022, there were no certain items excluded for comparison to prior year periods. Current and former employees report that Keurig Dr Pepper provides the following benefits. Keurig Dr Pepper Updates Employee Pandemic Policies - CSP Daily News Check this Keurig K-Mini Coffee maker video | Best coffee maker under $100? We are under no obligation to update, modify or withdraw any forward-looking statements, except as required by applicable law. The most common major among Keurig Dr Pepper employees is business. However, management believes that certain non-GAAP financial measures that reflect the way management evaluates the business may provide investors with additional information regarding the company's results, trends and ongoing performance on a comparable basis. enva un correo electrnico a localhost. pour nous faire part du problme. Free cash flow for the first quarter was $16 million, reflecting lower operating cash flow and higher capital expenditures. 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. A Keurig coffee maker manual includes a picture of the machine and instructions for cleaning it. enviando un correo electrnico a Keurig Dr Pepper Delivery Driver Reviews | Glassdoor 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). 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 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. Join the Keurig Dr Pepper team See Our Latest Jobs 5.0 Current Employee, more than 5 years Great Place to Work Mar 25, 2023 - Vice President Recommend CEO Approval Business Outlook Pros First and foremost, I've found the Team First attitude up, down, and across the organization to be very welcoming and infectious within the teams. Tax impact is determined based upon an approximate rate for each item. After extensive research and analysis, Zippia's data science team found that: 19% of Keurig Dr Pepper employees are women, while 81% are men. Si continas viendo este mensaje, 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. These statements are based on the current expectations of our management, are not predictions of actual performance, and actual results may differ materially.
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