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Keurig Dr Pepper (NASDAQ: KDP) single-serve K-Cup brewing system in 38M+ US households at $14.8B company revenue; 100+ licensed brand pod ecosystem competing with Nespresso for home coffee appliance market.
Keurig is a coffee brewing brand — part of Keurig Dr Pepper Inc. (NASDAQ: KDP), the $14.8 billion annual revenue beverage company formed by the 2018 merger of Keurig Green Mountain and Dr Pepper Snapple Group — producing the single-serve K-Cup brewing system that has become the dominant home coffee appliance format in North America with 38+ million Keurig brewers in US households and the K-Cup pod ecosystem with 100+ licensed brands. The Keurig system created a new category of home coffee consumption when it launched in 1998, growing from office coffee convenience to the single most common American home coffee brewing method by unit sales.
Burlington MA beverages (NASDAQ: KDP) at $15.35B FY2024 revenue (+3.6%); Dr Pepper/7UP/Snapple + Keurig K-Cup, 82% FCF growth, 2025 guidance mid-single-digit growth competing with Coca-Cola and PepsiCo.
Keurig Dr Pepper Inc. is a Burlington, Massachusetts-based beverage company — publicly traded on NASDAQ (NASDAQ: KDP) as an S&P 500 Consumer Staples component — manufacturing, marketing, and distributing hot beverages (coffee through the Keurig single-serve system and Green Mountain roasted coffee brands), cold beverages (Dr Pepper, 7UP, Snapple, Canada Dry, A&W, Sunkist, Bai, Core, Clamato, Mott's, Hawaiian Punch, Penafiel), and producing/selling the Keurig K-Cup system (over 500 varieties of licensed K-Cup pods from 75+ coffee brands) through approximately 27,000 employees. In fiscal year 2024, Keurig Dr Pepper reported revenue of $15.35 billion (+3.6% year-over-year), adjusted diluted EPS growth of 8%, operating cash flow growth of 67% to $2.2 billion, and free cash flow growth of 82% to $1.7 billion. For 2025, KDP guided mid-single-digit net sales growth and high-single-digit adjusted EPS growth, reflecting continued volume growth in both the cold beverages portfolio and Keurig brewer and pod sales recovery. CEO Tim Cofer, who joined from Mondelez International in 2023, has prioritized revenue management (balancing price and volume), operational efficiency, and brand investment across KDP's portfolio of over 125 owned, licensed, and partner brands. Keurig Dr Pepper was formed through the 2018 merger of Keurig Green Mountain (coffee systems) and Dr Pepper Snapple Group (beverages), controlled by JAB Holding Company (a Luxembourg-based holding company of the Reimann family).
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