---
schema_version: "secwatch.filing_event.v1"
accession: "0001418135-24-000052"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:46:21.731247+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KDP Q1 adjusted EPS up 11.8% to $0.38; CEO Gamgort transitions to Executive Chairman, Cofer named CEO

## Summary
- Net sales $3.47B (+3.4% GAAP, +2.8% constant currency); Adj. operating income +17.5% to $825M.
- GAAP EPS $0.33; Adj. diluted EPS $0.38 (+11.8%), driven by operating income growth and lower share count.
- U.S. Refreshment Bev. net sales +4.3% to $2.1B; U.S. Coffee -2.1% to $0.9B; International +11.8% to $0.5B.
- CEO succession: Robert Gamgort becomes Executive Chairman; Timothy Cofer appointed CEO & Board member, effective April 26.
- FY2024 guidance reaffirmed: mid-single-digit net sales growth and high-single-digit adjusted EPS growth.

## SEC filing metadata
- accession: 0001418135-24-000052
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000141813524000052/0001418135-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000141813524000052/kdp-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418135-24-000052
- JSON: https://secwatch.observer/filing/0001418135-24-000052.json
- Plain text: https://secwatch.observer/filing/0001418135-24-000052.txt

## Key facts
- Earnings Releases
  Keurig Dr Pepper Inc. reported first quarter of 2024 results: revenue $3.47 bn, net income $454 million, EPS $0.33. Guidance reaffirmed.
  - Period: first quarter of 2024
  - Revenue: $3.47 bn
  - Net income: $454 million
  - EPS: $0.33
  - Guidance: reaffirmed
  - Result: reported results
  source text: the first quarter of 2024, reaffirmed its full year guidance, and announced the completion of its CEO succession process. Reported GAAP Basis Adjusted Basis 1 Q1 Q1 Net Sales $3.47 bn $3.47 bn % vs prior year 3.4% 2.8% Diluted EPS $0.33 $0.38 % vs prior year —% 11.8% Commenting on this final step in the CEO transition, which began in Fall 2023, Chairman and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813524000052/0001418135-24-000052-index.htm
- Executive change
  Timothy Cofer was appointed as Chief Executive Officer at Keurig Dr Pepper Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: The Company also announced that Timothy Cofer has been appointed as Chief Executive Officer and as a member of the Board, effective April 26, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813524000052/0001418135-24-000052-index.htm
- Executive change
  Robert Gamgort was appointed as Executive Chairman at Keurig Dr Pepper Inc..
  - Action: appointed
  - Role: Executive Chairman
  source text: Robert Gamgort will step down from his position as the Company’s Chief Executive Officer and has been appointed Executive Chairman of the Board of Directors (the “Board”), effective April 26, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813524000052/0001418135-24-000052-index.htm

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