Keurig Dr Pepper Reports 4.5% Net Sales Growth in 2020
Keurig Dr. Pepper (KDP) reported a 4.5 percent net sales increase to $11.62 Billion in 2020.
Its dollar market share advanced in over 90 percent of its cold beverage retail base.
This performance reflected the strength of Dr. Pepper, Canada Dry and A&W CSDs, CORE hydration, Evian premium water, Snapple tea, Motts apple juice, and Clamato vegetable juice.
In coffee, consumption of KDP's single-serve pods grew nearly 10 percent in Information Resources Inc.- tracked channels with accelerated growth in e-commerce partially offset by significant declines in away from the home office and hospitality businesses.
In US-tracked channels, KDP's dollar market share of manufactured pods remained strong at 83 percent.
The company also attributes its growth to increased household adoption of Keurig systems, with approximately three million new users.
KDP spent $150 million in temporary compensation increases and incentives for front-line employees, incremental health and safety measures, and enhanced sanitation expenses for each facility.