How has KDP's gross profit margin trended over the past three years?

Keurig Dr Pepper's gross profit margin has shown an upward trend over the past three years, with significant improvements from 2022 to 2024:

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|KDP|KDP.O|Keurig Dr Pepper|2022 Q1|53.6062|-2.7717722510809915|185|
|KDP|KDP.O|Keurig Dr Pepper|2022 Q2|51.6586|-7.3823602181575705|185|
|KDP|KDP.O|Keurig Dr Pepper|2022 Q3|51.9505|-7.257582222190492|185|
|KDP|KDP.O|Keurig Dr Pepper|2022 Q4|52.095|-5.300069441162245|185|
|KDP|KDP.O|Keurig Dr Pepper|2023 Q1|52.0131|-2.9718577328741818|185|
|KDP|KDP.O|Keurig Dr Pepper|2023 Q2|52.9964|2.5896946491000556|185|
|KDP|KDP.O|Keurig Dr Pepper|2023 Q3|53.8595|3.6746518320324135|185|
|KDP|KDP.O|Keurig Dr Pepper|2023 Q4|54.543|4.699107399942413|185|
|KDP|KDP.O|Keurig Dr Pepper|2024 Q1|55.94|7.5498287931309545|185|
|KDP|KDP.O|Keurig Dr Pepper|2024 Q2|55.6428|4.9935467314760995|185|

The increase from 52.1% in 2022Q4 to 55.56% in 2024Q4 indicates a strong improvement in profitability, particularly in the last two quarters of the period. This trend suggests that the company has been successful in enhancing its gross profit margin over the course of three years.