Keurig Dr Pepper

Keurig Dr Pepper Inc.

Company type	Public
Traded as	NYSE: [ KDP]
Industry	Beverage
Founded	2018
Headquarters	Burlington, Massachusetts , United States
Key people	Robert Gamgort (CEO)
Revenue	US$11.1 billion (2020)
Operating income	US$1.4 billion (2020)
Net income	US$1.2 billion (2020)
Total assets	US$33.8 billion (2020)
Total equity	US$12.8 billion (2020)
Number of employees	25,000 (2020)
Parent	JAB Holding Company

Keurig Dr Pepper Inc. is a publicly-traded beverage company that was formed in 2018 through the merger of Keurig Green Mountain and Dr Pepper Snapple Group. The company is headquartered in Burlington, Massachusetts, and has operations in North America and the Caribbean.

History

Keurig Dr Pepper was formed on July 9, 2018, when Keurig Green Mountain, a coffee and beverage company, merged with Dr Pepper Snapple Group, a soft drink and juice company. The merger created a combined company with a diverse portfolio of brands in the beverage industry, including Keurig, Dr Pepper, Snapple, 7UP, Canada Dry, A&W, and more.

Brands and products

Keurig Dr Pepper offers a wide range of beverage products, including coffee, tea, juice, soft drinks, and more. Some of the company's most well-known brands include:

Keurig: A brand of single-serve coffee makers and coffee pods that are designed to deliver a consistent and convenient coffee experience.

Dr Pepper: A soft drink that was first introduced in the United States in the late 1800s. Dr Pepper is known for its unique blend of 23 flavors, which give it a distinct taste.

Snapple: A line of flavored teas and juice drinks that are made with natural ingredients and come in a variety of flavors.

Canada Dry: A brand of ginger ale and other soft drinks that was first introduced in 1904.

A&W: A brand of root beer and other soft drinks that was first introduced in 1919.

Keurig Dr Pepper also offers a variety of other beverage brands, including 7UP, Sunkist, Schweppes, Crush, and more.

Sustainability

Keurig Dr Pepper has made a commitment to sustainability and has set a goal to make 100% of its K-Cup pods recyclable by the end of 2020. The company has also made progress in reducing its greenhouse gas emissions, water usage, and waste.

Operations

Keurig Dr Pepper operates in North America and the Caribbean, with its products being distributed through retail channels, foodservice, and e-commerce. The company has a network of manufacturing and distribution facilities throughout the region, with a focus on efficiency and sustainability.

Financials

As of 2020, Keurig Dr Pepper had a revenue of $11.1 billion and an operating income of $1.4 billion. The company's net income for the year was $1.2 billion, with total assets of $33.8 billion and equity of $12.8 billion. Keurig Dr Pepper is publicly traded on the New York Stock Exchange under the ticker symbol "KDP."

Leadership

Robert Gamgort is the CEO of Keurig Dr Pepper, having previously served as the CEO of Keurig Green Mountain. Gamgort has been recognized for his leadership in the beverage industry, and he has led the company through several significant initiatives, including the merger with Dr Pepper Snapple Group.

Controversies

In 2018, Keurig Dr Pepper faced criticism for partnering with the American Beverage Association, a trade organization that lobbies against taxes on sugary drinks. Some critics argued that the partnership contradicted the company's commitment to sustainability and health.

External links

Keurig Dr Pepper official website

See also

PepsiCo The Coca-Cola Company Nestlé Coffee production in Colombia Keurig Dr Pepper official website