Keurig Dr Pepper

Keurig Dr Pepper Inc. (Nasdaq: KDP) is a leading North American beverage company that manufactures, markets, distributes, and sells hot and cold beverages alongside single serve brewing systems. The company operates through its website at www.keurigdrpepper.com and maintains a substantial physical footprint across the region.

The company was formed on July 9, 2018, through the combination of Keurig, a producer of innovative single serve brewing systems and specialty coffee, and Dr Pepper Snapple Group, creating an integrated brand owner, manufacturer, and distributor with operations in the United States, Canada, Mexico, the Caribbean, and select international markets. KDP operates three reportable segments: U.S. Refreshment Beverages, U.S. Coffee, and International.

The U.S. Refreshment Beverages segment manufactures and distributes liquid refreshment beverages including concentrates, syrups, and finished beverages under iconic brands such as Dr Pepper, Canada Dry, Mott's, A&W, 7UP, Snapple, and Core Hydration, among others. The U.S. Coffee segment focuses on single serve brewers, specialty coffee, and ready-to-drink coffee products, primarily through the Keurig brand and K-Cup pod technology, with partner brands including Starbucks, Dunkin', and Peet's. The International segment encompasses beverage sales across Canada, Mexico, and the Caribbean, plus coffee products in Canada.

KDP employs approximately 30,600 people, with roughly 23,200 in the United States, 5,700 in Mexico, and 1,400 in Canada. The company operates an extensive direct store delivery network utilizing approximately 8,100 vehicles in the United States and 2,200 in Mexico, complemented by warehouse direct and e-commerce channels. Walmart represents the company's largest customer, accounting for approximately 16 percent of consolidated net sales.

The company offers more than 125 owned, licensed, and partner brands supported by powerful distribution capabilities. Raw materials represent approximately 55 percent of cost of sales and include green coffee, aluminum cans, PET bottles, sweeteners, and various other ingredients. KDP competes with multinational corporations including Coca-Cola, PepsiCo, Starbucks, and Nestlé, though many of these entities also serve as partners or customers.