---
schema_version: "secwatch.filing_event.v1"
accession: "0001418135-24-000006"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:55:39.110026+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Keurig Dr Pepper Reports Q4 2023 Net Sales $3.87B, EPS $0.49, Provides 2024 Outlook

## Summary
- Q4 net sales $3.87B (+1.7%), GAAP EPS $0.49 (+53.1%), adjusted EPS $0.55 (+10.0%)
- Full-year 2023 net sales $14.81B (+5.4%), adjusted diluted EPS $1.79 (+6.0%)
- U.S. Refreshment Beverages sales rose 9.1% to $8.8B with market share gains in ~85% of portfolio
- 2024 guidance: mid-single-digit net sales growth, high-single-digit adjusted EPS growth
- Returned over $1.8B to shareholders in 2023 via dividends and repurchase of 22 million shares

## SEC filing metadata
- accession: 0001418135-24-000006
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000141813524000006/0001418135-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000141813524000006/kdp-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418135-24-000006
- JSON: https://secwatch.observer/filing/0001418135-24-000006.json
- Plain text: https://secwatch.observer/filing/0001418135-24-000006.txt

## Key facts
- Earnings Releases
  Keurig Dr Pepper Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $14.8 billion, EPS $1.55 per diluted share. Guidance initiated.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Revenue: $14.8 billion
  - EPS: $1.55 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: of GAAP results to Adjusted results on a constant currency basis in the accompanying tables. 2023 Full Year Consolidated Results Net sales for the full year increased 5.4% to $14.8 billion. On a constant currency basis, net sales advanced 4.9%, driven by net price realization of 7.0%, partly offset by lower volume/mix of 2.1%. This performance reflected the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813524000006/0001418135-24-000006-index.htm

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