---
schema_version: "secwatch.filing_event.v1"
accession: "0001418135-23-000002"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:19:54.875188+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KDP reports 11% net sales growth in FY2022; guides to 5% growth and 6-7% adj. EPS growth in 2023

## Summary
- Full-year net sales $14.06B (+10.8% reported, +11.1% constant currency); adjusted diluted EPS $1.68 (+5.0%).
- Q4 net sales $3.80B (+12.1% reported, +12.4% constant currency); adjusted diluted EPS $0.50 (+11.1%).
- Coffee Systems net sales +6.2% constant currency; Packaged Beverages +12.4%; Beverage Concentrates +16.4%; Latin America +23.0%.
- FY2023 guidance: constant currency net sales growth of 5%, adjusted diluted EPS growth of 6-7%; FX headwind ~0.5pp.
- Returned $1.5B to shareholders via dividends and share repurchases; leverage ratio 2.8x.

## SEC filing metadata
- accession: 0001418135-23-000002
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000002/0001418135-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000002/kdp-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418135-23-000002
- JSON: https://secwatch.observer/filing/0001418135-23-000002.json
- Plain text: https://secwatch.observer/filing/0001418135-23-000002.txt

## Key facts
- Earnings Releases
  Keurig Dr Pepper Inc. reported financial results for the fourth quarter and year ended December 31, 2022.
  - Period: the fourth quarter and year ended December 31, 2022
  - Result: reported results
  source text: On February 23, 2023 , Keurig Dr Pepper Inc. (the "Company") issued a press release announcing the Company's financial results for the fourth quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000002/0001418135-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.