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Stock impact report

Keurig Dr Pepper and Nestlé extend Starbucks K-Cup deal [Yahoo! Finance]

Keurig Dr Pepper Inc. (KDP) 
Last keurig dr pepper inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Monday's announcement marks an extension of a 2020 agreement between the two companies. Distribution of Starbucks-branded pods through the Keurig single-serve brewing system — found in homes and workplaces throughout North America — is set to grow under the new terms. Retail distribution falls to Nestlé, which in August 2018 secured a global licensing arrangement giving it the authority to sell Starbucks products in grocery and other retail channels beyond the company's own cafes. Starbucks remains responsible for sourcing and roasting the arabica beans used in the pods. Neither company shared details about the financial terms of the arrangement. Starbucks has been working to return to sales growth after a prolonged slump. The chain reported a 6% rise in revenue in its most recent quarter, with global same-store sales growing 4%, driven by higher ticket sizes and increased traffic in North America and internationally. CEO Brian Niccol has attributed the gains to the company's "Back Show less Read more
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