Keurig Dr Pepper (KDP) 8-K Regulation FD Disclosure

EXHIBIT 99.1

KEURIG DR PEPPER INC.

NET SALES BY SEGMENT

AS RECAST

(Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
(in millions)	2022		2022		2022		2022		December 31, 2022
Net sales
U.S. Refreshment Beverages	$	1,781	$	2,084	$	2,144	$	2,074	$	8,083
U.S. Coffee	943		1,029		1,045		1,285		4,302
International	354		441		433		444		1,672
Total net sales	$	3,078	$	3,554	$	3,622	$	3,803	$	14,057

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
(in millions)	2021		2021		2021		2021		December 31, 2021
Net sales
U.S. Refreshment Beverages	$	1,579	$	1,807	$	1,874	$	1,860	$	7,120
U.S. Coffee	997		955		1,002		1,135		4,089
International	326		378		374		396		1,474
Total net sales	$	2,902	$	3,140	$	3,250	$	3,391	$	12,683

1

KEURIG DR PEPPER INC.

INCOME FROM OPERATIONS BY SEGMENT

AS RECAST

(Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
(in millions)	2022		2022		2022		2022		December 31, 2022
Income from operations
U.S. Refreshment Beverages	$	704	$	528	$	322	$	407	$	1,961
U.S. Coffee	255		295		272		393		1,215
International	64		98		97		114		373
Unallocated corporate costs	(57)		(349)		(297)		(241)		(944)
Total income from operations	$	966	$	572	$	394	$	673	$	2,605

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
(in millions)	2021		2021		2021		2021		December 31, 2021
Income from operations
U.S. Refreshment Beverages	$	393	$	490	$	550	$	528	$	1,961
U.S. Coffee	338		317		324		327		1,306
International	76		100		106		100		382
Unallocated corporate costs	(167)		(173)		(185)		(230)		(755)
Total income from operations	$	640	$	734	$	795	$	725	$	2,894

2

KEURIG DR PEPPER INC.

RECONCILIATION OF INCOME FROM OPERATIONS TO ADJUSTED INCOME FROM OPERATIONS BY SEGMENT

AS RECAST

(Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
(in millions)	2022		2022		2022		2022		December 31, 2022
Income from operations
U.S. Refreshment Beverages	$	704	$	528	$	322	$	407	$	1,961
U.S. Coffee	255		295		272		393		1,215
International	64		98		97		114		373
Unallocated corporate costs	(57)		(349)		(297)		(241)		(944)
Total income from operations	$	966	$	572	$	394	$	673	$	2,605
Items affecting comparability
U.S. Refreshment Beverages	$	(249)	$	19	$	333	$	186	$	289
U.S. Coffee	46		47		43		42		178
International	7		6		7		7		27
Unallocated corporate costs	(38)		188		170		119		439
Total items affecting comparability	$	(234)	$	260	$	553	$	354	$	933
Adjusted income from operations
U.S. Refreshment Beverages	$	455	$	547	$	655	$	593	$	2,250
U.S. Coffee	301		342		315		435		1,393
International	71		104		104		121		400
Unallocated corporate costs	(95)		(161)		(127)		(122)		(505)
Total adjusted income from operations	$	732	$	832	$	947	$	1,027	$	3,538

3

KEURIG DR PEPPER INC.

RECONCILIATION OF INCOME FROM OPERATIONS TO ADJUSTED INCOME FROM OPERATIONS BY SEGMENT

AS RECAST

(Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
(in millions)	2021		2021		2021		2021		December 31, 2021
Income from operations
U.S. Refreshment Beverages	$	393	$	490	$	550	$	528	$	1,961
U.S. Coffee	338		317		324		327		1,306
International	76		100		106		100		382
Unallocated corporate costs	(167)		(173)		(185)		(230)		(755)
Total income from operations	$	640	$	734	$	795	$	725	$	2,894
Items affecting comparability
U.S. Refreshment Beverages	$	23	$	29	$	26	$	29	$	107
U.S. Coffee	50		48		42		46		186
International	4		3		2		7		16
Unallocated corporate costs	24		25		66		103		218
Total items affecting comparability	$	101	$	105	$	136	$	185	$	527
Adjusted income from operations
U.S. Refreshment Beverages	$	416	$	519	$	576	$	557	$	2,068
U.S. Coffee	388		365		366		373		1,492
International	80		103		108		107		398
Unallocated corporate costs	(143)		(148)		(119)		(127)		(537)
Total adjusted income from operations	$	741	$	839	$	931	$	910	$	3,421

4

KEURIG DR PEPPER INC.

RECONCILIATION OF NET SALES BY SEGMENT TO CONSTANT CURRENCY NET SALES BY SEGMENT

AS RECAST

(Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
	2022		2022		2022		2022		December 31, 2022
Net sales
U.S. Refreshment Beverages	12.8	%	15.3	%	14.4	%	11.5	%	13.5	%
U.S. Coffee	(5.4)		7.7		4.3		13.2		5.2
International	8.6		16.7		15.8		12.1		13.4
Total net sales	6.1		13.2		11.4		12.1		10.8
Impact of foreign currency
U.S. Refreshment Beverages	—	%	—	%	—	%	—	%	—	%
U.S. Coffee	—		—		—		—		—
International	0.3		2.3		2.9		2.5		2.1
Total impact of foreign currency	—		0.3		0.4		0.3		0.3
Constant currency net sales
U.S. Refreshment Beverages	12.8	%	15.3	%	14.4	%	11.5	%	13.5	%
U.S. Coffee	(5.4)		7.7		4.3		13.2		5.2
International	8.9		19.0		18.7		14.6		15.5
Total constant currency net sales	6.1		13.5		11.8		12.4		11.1

5

KEURIG DR PEPPER INC.

RECONCILIATION OF NET SALES BY SEGMENT TO CONSTANT CURRENCY NET SALES BY SEGMENT

AS RECAST

(Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
	2021		2021		2021		2021		December 31, 2021
Net sales
U.S. Refreshment Beverages	6.7	%	9.6	%	7.9	%	15.7	%	10.0	%
U.S. Coffee	18.7		4.6		5.3		(0.8)		6.2
International	11.3		24.8		13.0		7.0		13.6
Total net sales	11.1		9.6		7.6		8.7		9.2
Impact of foreign currency
U.S. Refreshment Beverages	—	%	—	%	—	%	—	%	—	%
U.S. Coffee	—		—		—		—		—
International	(2.8)		(14.6)		(7.9)		(1.6)		(6.4)
Total impact of foreign currency	(0.3)		(1.5)		(0.8)		(0.2)		(0.8)
Constant currency net sales
U.S. Refreshment Beverages	6.7	%	9.6	%	7.9	%	15.7	%	10.0	%
U.S. Coffee	18.7		4.6		5.3		(0.8)		6.2
International	8.5		10.2		5.1		5.4		7.2
Total constant currency net sales	10.8		8.1		6.8		8.5		8.4

6

KEURIG DR PEPPER INC.

RECONCILIATION OF ADJUSTED INCOME FROM OPERATIONS BY SEGMENT TO CONSTANT CURRENCY ADJUSTED INCOME FROM OPERATIONS BY SEGMENT

AS RECAST

(Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
	2022		2022		2022		2022		December 31, 2022
Adjusted income from operations
U.S. Refreshment Beverages	9.4	%	5.4	%	13.7	%	6.5	%	8.8	%
U.S. Coffee	(22.4)		(6.3)		(13.9)		16.6		(6.6)
International	(11.3)		1.0		(3.7)		13.1		0.5
Total adjusted income from operations	(1.2)		(0.8)		1.7		12.9		3.4
Impact of foreign currency
U.S. Refreshment Beverages	—	%	—	%	—	%	—	%	—	%
U.S. Coffee	—		—		—		—		—
International	—		1.9		2.8		3.7		2.3
Total impact of foreign currency	—		0.2		0.3		0.3		0.3
Constant currency adjusted income from operations
U.S. Refreshment Beverages	9.4	%	5.4	%	13.7	%	6.5	%	8.8	%
U.S. Coffee	(22.4)		(6.3)		(13.9)		16.6		(6.6)
International	(11.3)		2.9		(0.9)		16.8		2.8
Total constant currency adjusted income from operations	(1.2)		(0.6)		2.0		13.2		3.7

7

KEURIG DR PEPPER INC.

RECONCILIATION OF ADJUSTED INCOME FROM OPERATIONS BY SEGMENT TO CONSTANT CURRENCY ADJUSTED INCOME FROM OPERATIONS BY SEGMENT

AS RECAST

(Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
	2021		2021		2021		2021		December 31, 2021
Adjusted income from operations
U.S. Refreshment Beverages	6.7	%	10.2	%	5.9	%	17.0	%	9.9	%
U.S. Coffee	12.1		0.8		—		(11.2)		(0.1)
International	5.3		32.1		12.5		4.9		13.1
Total adjusted income from operations	8.3		8.3		6.5		6.1		7.2
Impact of foreign currency
U.S. Refreshment Beverages	—	%	—	%	—	%	—	%	—	%
U.S. Coffee	—		—		—		—		—
International	(2.7)		(15.4)		(6.2)		(1.0)		(6.0)
Total impact of foreign currency	(0.4)		(1.5)		(0.8)		(0.2)		(0.7)
Constant currency adjusted income from operations
U.S. Refreshment Beverages	6.7	%	10.2	%	5.9	%	17.0	%	9.9	%
U.S. Coffee	12.1		0.8		—		(11.2)		(0.1)
International	2.6		16.7		6.3		3.9		7.1
Total constant currency adjusted income from operations	7.9		6.8		5.7		5.9		6.5

8

KEURIG DR PEPPER INC.

CONSTANT CURRENCY NET SALES DRIVERS BY SEGMENT

AS RECAST

(Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
	2022		2022		2022		2022		2022
U.S. Refreshment Beverages
Volume / Mix	4.6	%	2.3	%	0.1	%	(3.8)	%	0.6	%
Price	8.2		13.0		14.3		15.3		12.9
Total change in constant currency net sales	12.8	%	15.3	%	14.4	%	11.5	%	13.5	%
U.S. Coffee
Volume / Mix	(9.0)	%	2.4	%	(2.4)	%	3.9	%	(1.2)	%
Price	3.6		5.3		6.7		9.3		6.4
Total change in constant currency net sales	(5.4)	%	7.7	%	4.3	%	13.2	%	5.2	%
International
Volume / Mix	3.7	%	8.7	%	3.2	%	1.0	%	4.1	%
Price	5.2		10.3		15.5		13.6		11.4
Total change in constant currency net sales	8.9	%	19.0	%	18.7	%	14.6	%	15.5	%
Total KDP
Volume / Mix	(0.2)	%	3.1	%	(0.3)	%	(0.7)	%	0.5	%
Price	6.3		10.4		12.1		13.1		10.6
Total change in constant currency net sales	6.1	%	13.5	%	11.8	%	12.4	%	11.1	%

9

KEURIG DR PEPPER INC.

CONSTANT CURRENCY NET SALES DRIVERS BY SEGMENT

AS RECAST

(Unaudited)

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year Ended
	2021		2021		2021		2021		2021
U.S. Refreshment Beverages
Volume / Mix	5.3	%	6.7	%	1.1	%	8.2	%	5.3	%
Price	1.4		2.9		6.8		7.5		4.7
Total change in constant currency net sales	6.7	%	9.6	%	7.9	%	15.7	%	10.0	%
U.S. Coffee
Volume / Mix	21.6	%	4.1	%	6.2	%	(0.3)	%	7.1	%
Price	(2.9)		0.5		(0.9)		(0.5)		(0.9)
Total change in constant currency net sales	18.7	%	4.6	%	5.3	%	(0.8)	%	6.2	%
International
Volume / Mix	2.4	%	8.5	%	4.8	%	2.2	%	4.4	%
Price	6.1		1.7		0.3		3.2		2.8
Total change in constant currency net sales	8.5	%	10.2	%	5.1	%	5.4	%	7.2	%
Total KDP
Volume / Mix	10.3	%	6.1	%	3.2	%	4.4	%	5.7	%
Price	0.5		2.0		3.6		4.1		2.7
Total change in constant currency net sales	10.8	%	8.1	%	6.8	%	8.5	%	8.4	%

10