Earlier this week, Keurig Dr Pepper reported its financial results for the fourth quarter and full year, ended Dec. 31, 2020. The beverage company, saw a 4.5% net sales increase to $11.62 Billion in 2020.
The company attributes its growth, in part, to increased household adoption of Keurig systems, with approximately three million new U.S. households using the Keurig coffee system.
KDP also reported on its COVID-19-related operating costs, with $150 million going toward temporary compensation increases and incentives for front-line employees, as well as incremental health and safety measures, and enhanced sanitation expenses for each facility.
