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Keurig Dr Pepper reports 3.2% sales growth in 2019

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March 2, 2020

Keurig Dr Pepper Inc. reported net sales growth of 3.2% for a total of $11.12 billion for the full year ended Dec, 31, 2019 and adjusted diluted EPS growth above the merger target range of 15% to17%, according to a press release. The company also provided guidance for 2020, the company's second full fiscal year since the merger between Keurig Green Mountain and Dr Pepper Snapple Group, Inc. created KDP.   

The company achieved merger synergies in excess of its $200 million target and strong productivity, contributing to a 220 basis point increase in adjusted operating income margin, according to the release.

The company reported strong in-market performance, with market share growth in the majority of the company's key categories, including CSDs, premium unflavored still water, shelf-stable fruit drinks and shelf-stable apple juice and apple sauce. In coffee, KDP manufactured pod growth was strong, with continued accelerated growth in untracked channels.

The company expanded its presence in the energy drink category with the initial launch of A-Shoc energy drinks, in partnership with beverage entrepreneur, Lance Collins, with national rollout in 2020.