Coffee DivisionConstructive steps to improve the Coffee division’s market share and value perception include higher quality brewers, more entry-level priced machines, new licensing partnerships, and new advertising.
U.S. Refreshment BeveragesHigher conviction in the assumed acceleration of U.S. Refreshment Beverages growth, with scanner data already pointing to growth and more distribution expected.
ValuationKDP's valuation is viewed as attractive, representing a 17% discount to KO/PEP versus the historical 10%.