Keurig Dr Pepper Inc. (NASDAQ: KDP)

Keurig Dr Pepper Inc. is a leading beverage company in North America that manufactures, markets, distributes, and sells hot and cold beverages and single-serve brewing systems. The company operates in the beverage industry, offering a broad portfolio of iconic brands such as Dr Pepper, Canada Dry, Mott's, A&W, Peñafiel, GHOST, 7UP, Snapple, Green Mountain Coffee Roasters, Clamato, The Original Donut Shop, and Core Hydration, as well as the Keurig brewing system. Keurig Dr Pepper Inc. was created on July 9, 2018, through the combination of Keurig, a leading producer of innovative single-serve brewing systems and specialty coffee, and Dr Pepper Snapple Group, a company built through strategic acquisitions of iconic beverage brands.

The company generates revenue through the sale of its diverse portfolio of beverages and brewing systems. Key products include carbonated soft drinks, ready-to-drink teas, juices, bottled water, and coffee products. The primary customer base includes retailers, bottlers, distributors, partners, away-from-home channel participants, and end-use consumers. Retailers purchase finished beverages, K-Cup pods, appliances, and accessories directly from the company. Bottlers and distributors in the U.S. and Canada manufacture and distribute licensed products under exclusive, long-term agreements. Partners include leading coffee, tea, and beverage brand companies with whom Keurig Dr Pepper Inc. has multi-year licensing and manufacturing agreements. Away-from-home channel participants include office coffee distributors and hotel chains, while end-use consumers purchase products through the company's e-commerce platforms.

• U.S. Refreshment Beverages: This segment is a brand owner, manufacturer, and distributor of liquid refreshment beverages (LRBs) in the U.S. It manufactures and distributes beverage concentrates, syrups, finished beverages, and other consumables to third-party bottlers, distributors, retailers, and end consumers. Key brands in this segment include Dr Pepper, Canada Dry, Mott's, A&W, GHOST, 7UP, Snapple, Squirt, Electrolit, Sunkist soda, C4 Energy, Hawaiian Punch, Bloom, Vita Coco, Bai, Evian, Clamato, Yoo-Hoo, Big Red, and RC Cola.

• U.S. Coffee: This segment is primarily a brand owner, manufacturer, and distributor of innovative single-serve brewers, specialty coffee (including hot and iced varieties), and ready-to-drink (RTD) coffee in the U.S. The Keurig single-serve brewers are aimed at changing how consumers prepare and enjoy coffee and other beverages both at home and away from home. Key brands include Green Mountain Coffee Roasters, McCafé, and The Original Donut Shop. The company also manufactures K-Cup pods for partner brands such as Starbucks, Dunkin', Folgers, and Peet's.

• International: This segment includes sales in Canada, Mexico, the Caribbean, and other international markets from the manufacture and distribution of branded concentrates, syrup, and finished beverages. Key beverage brands include Peñafiel, Clamato, Canada Dry, Squirt, Dr Pepper, Mott's, Schweppes, and Crush. In Canada, the segment also includes the manufacture and distribution of finished goods relating to single-serve brewers, K-Cup pods, and other coffee products. Key K-Cup pod brands include McCafé, Tim Hortons, and Van Houtte.

Keurig Dr Pepper Inc. holds a strong position within the beverage industry, competing with multinational corporations such as Coca-Cola, PepsiCo, Starbucks Corporation, The J.M. Smucker Company, The Kraft Heinz Company, and Nestlé S.A. The company's competitive advantages include a diverse portfolio of well-known beverage brands, high levels of consumer awareness, preference, and loyalty rooted in their rich heritage, and a robust innovation program designed to meet changing consumer preferences. The company's strategic framework, which includes championing consumer-obsessed brand building, shaping its beverage portfolio, amplifying its route-to-market advantage, generating fuel for growth, and dynamically allocating capital, further strengthens its position in the industry.

The company's customer base is diverse and includes retailers such as supermarkets, hypermarkets, mass merchandisers, club stores, e-commerce retailers, office superstores, vending machines, fountains, grocery and drug stores, convenience stores, and other small outlets. Bottlers and distributors in the U.S. and Canada manufacture and distribute licensed products under exclusive, long-term agreements. Partners include leading coffee, tea, and beverage brand companies with whom Keurig Dr Pepper Inc. has multi-year licensing and manufacturing agreements. Away-from-home channel participants include office coffee distributors and hotel chains, while end-use consumers purchase products through the company's e-commerce platforms.