Keurig Dr Pepper Inc. (KDP) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.297 Except as required by law, we do not undertake any obligation to update any forward-looking 00:00:05.297 -- 00:00:07.680 statements discussed today. 00:00:07.680 -- 00:00:11.966 For more information, please refer to our earnings release and the risk factors discussed 00:00:11.966 -- 00:00:17.973 in our most recent Form 10-K, which will be filed with the FCC later today. 00:00:17.973 -- 00:00:23.019 Consistent with previous quarters, we will be discussing our Q4 and full-year performance 00:00:23.019 -- 00:00:28.128 on a non-gap adjusted basis, which reflects constant currency growth rates and 00:00:28.128 -- 00:00:31.514 excludes items affecting comparability. 00:00:31.514 -- 00:00:36.642 Definitions and reconciliations to the most directly comparable GAAP metrics are included 00:00:36.642 -- 00:00:39.242 in our earnings materials. 00:00:39.406 -- 00:00:42.511 Here with us today to discuss the results are Keurig Dr. 00:00:42.511 -- 00:00:47.959 Pepper's Chief Executive Officer, Tim Cofer, Chief Financial Officer, 00:00:47.959 -- 00:00:49.782 Anthony DiSilvestro, 00:00:49.782 -- 00:00:54.129 and SVP of Strategic Finance and Capital Markets, Jane Gelfand. 00:00:54.129 -- 00:00:57.203 I'll now turn it over to Tim. 00:00:57.203 -- 00:00:59.385 Thanks, Chafin, and good morning, everyone. 00:00:59.385 -- 00:01:01.385 2025 00:01:01.408 -- 00:01:04.511 was a strong year for KDP. 00:01:04.511 -- 00:01:09.036 We delivered healthy results that achieved our annual guidance. 00:01:09.036 -- 00:01:14.041 We drove winning innovation and commercial performance, generating 00:01:14.041 -- 00:01:19.167 the fastest U.S. retail sales growth among top food and beverage 00:01:19.167 -- 00:01:20.569 manufacturers, 00:01:20.569 -- 00:01:24.633 with market...