BURLINGTON, Mass. and FRISCO, Texas, USA – Keurig Dr Pepper (KDP) discussed its enterprise strategy and the multiple value-creation opportunities supporting its long-term financial outlook at its investor update today in New York City.
In connection with the event, the Company reaffirmed its guidance for 2024 constant currency net sales growth in a mid-single-digit range and Adjusted EPS growth in a high-single-digit range, both consistent with KDP’s long-term algorithm.
During the presentation, management discussed how the Company’s strategy is designed to deliver base business momentum that leverages KDP’s leading capabilities, support further expansion into high-growth segments, and drive increasingly meaningful contribution from its International business segment.
KDP also outlined how these goals are enabled by a robust continuous productivity program to fund incremental investment and deliver margin expansion, as well as by the Company’s disciplined capital deployment approach to enhancing value creation.
“I am proud of KDP’s track record of outperformance over the past five years, which is testament to the leading brands we have nurtured and added to our portfolio, the capabilities we have developed, and our differentiated challenger culture that empowers our talented teams to move quickly, think disruptively, and act with ownership,” commented Bob Gamgort, KDP Chairman and CEO.
Gamgort continued, “We have entered the next phase as a public company and are focused on activating an evolved strategy to drive continued strong operational and financial outcomes and enhance our competitive advantages.
As we look forward to and prepare for a CEO transition in Q2 2024, I am confident that our energized executive leadership team, led by Tim Cofer, will ensure KDP’s continued success and deliver on the numerous value creation opportunities we see ahead.”
For those unable to listen to the live webcast, a recorded version will be made available for replay in the Investors section of the Company’s corporate website.
