KDP · Consumer

Keurig Dr Pepper Inc.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-08

• Net Income and ProfitabilityImportance 53 · Surprise 82
  Adjusted diluted EPS increased 16.3% year over year to $0.57 in the second quarter of 2026, exceeding analyst expectations of $0.54-$0.55. GAAP diluted EPS fell 90% to $0.04, while net income attributable to common…

8-K · 2026-08-06

• Liquidity and Debt PositionImportance 89 · Surprise 82
  Cash and cash equivalents increased to $1.52 billion at June 30, 2026, from $1.03 billion at December 31, 2025, while cash, restricted cash and restricted cash equivalents totaled $1.55 billion. Short-term borrowings…
• Revenue Performance and MixImportance 83 · Surprise 82
  Second-quarter net sales increased 75.6% year over year to $7.31 billion, or 74.6% on a constant-currency basis. Excluding JDE Peet’s, legacy KDP net sales increased 7.3%, comprising 4.2% favorable net price…
• Gross Margin DriversImportance 78 · Surprise 74
  Second-quarter reported gross profit increased to $3.07 billion from $2.26 billion, while reported gross margin declined to 41.9% from 54.2%. Adjusted gross profit increased to $3.40 billion and adjusted gross margin…
• Operating Income and MarginsImportance 78 · Surprise 74
  Second-quarter GAAP operating income decreased 30.1% to $628 million and GAAP operating margin fell to 8.6% from 21.6%. Adjusted operating income increased 42.9% to $1.48 billion, producing a 20.2% adjusted operating…
• Acquisition / Partnership / DivestitureImportance 75 · Surprise 60
  The pro forma adjustments assume completion of KDP’s acquisition of JDE Peet’s and subsequent spin of Global Coffee Co. Financing for the JDE Peet’s Acquisition includes a $3.6 billion delayed draw term loan,…
• Guidance / OutlookImportance 73 · Surprise 50
  Keurig Dr Pepper reaffirmed 2026 net sales guidance of $25.9-$26.4 billion and expects constant-currency adjusted diluted EPS growth in the low-double-digit range. The outlook includes 4%-6% constant-currency net sales…
• Operating Expense TrendsImportance 69 · Surprise 64
  Second-quarter selling, general and administrative expenses increased to $2.40 billion from $1.36 billion, a $1.04 billion or 76.7% year-over-year increase. Management attributed higher SG&A to the JDE Peet’s…
• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Second-quarter operating cash flow totaled $895 million and free cash flow totaled $714 million. First-half operating cash flow increased to $1.18 billion from $640 million, while first-half free cash flow increased to…
• Net Income and ProfitabilityImportance 64 · Surprise 56
  Pro forma net income totaled $1.726 billion for the last twelve months ended June 30, 2026. Pro forma net income was $882 million in the third quarter of 2025, $355 million in the fourth quarter of 2025, $279 million…
• Outstanding IndebtednessImportance 64 · Surprise 42
  To finance the JDE Peet’s Acquisition, KDP arranged a $3.6 billion delayed draw term loan and approximately $6 billion of senior unsecured notes. At June 30, 2026, pro forma principal amounts included $1.978 billion of…
• U.S. Refreshment DemandImportance 54 · Surprise 40
  U.S. Refreshment Beverages net sales increased 10.0% to $2.9 billion in the second quarter. Volume/mix growth was 6.5%, while favorable net price realization contributed 3.5%. Growth was led by the U.S. carbonated soft…
• Income Tax Rate ChangesImportance 51 · Surprise 64
  The pro forma effective tax rate was 19.7% in the third quarter of 2025 and 11.9% in the fourth quarter of 2025. In the first quarter of 2026, the pro forma tax provision was a $74 million benefit and the effective tax…
• U.S. Coffee Demand PressureImportance 49 · Surprise 32
  U.S. Coffee net sales declined 3.2% to $918 million in the second quarter. Volume/mix fell 8.2%, including the reporting shift of Peet’s K-Cup pods to the JDE Peet’s segment, more than offsetting 5.0% favorable net…
• Combined Coffee Platform PerformanceImportance 49 · Surprise 32
  Management described the combined coffee platform as delivering solid performance in the quarter. Healthy JDE Peet’s results were balanced against pressure in U.S. Coffee. JDE Peet’s contributed $2.8 billion of…
• International Beverage GrowthImportance 48 · Surprise 40
  KDP International net sales increased 19.6% to $664 million in the second quarter, or 12.4% on a constant-currency basis. Volume/mix grew 6.5% and favorable net price realization contributed 5.9%. The segment includes…
• Headcount / RestructuringImportance 40 · Surprise 42
  Network Optimization restructuring expenses totaled $71 million in the last twelve months ended June 30, 2026. The Network Optimization charge was $26 million in the third quarter of 2025, $15 million in the fourth…
• Capital Return Program (Dividend)Importance 31 · Surprise 6
  KDP paid $624 million of common-share dividends in the first six months of 2026, compared with $625 million in the prior-year period. The company paid an additional $54 million of dividends to preferred shareholders in…

News · 2026-08-06

• Revenue Performance and MixImportance 83 · Surprise 82
  Keurig Dr Pepper reported second-quarter 2026 net sales of $7.31 billion, up 75.6% year over year and above the $7.26 billion consensus estimate. JDE Peet’s contributed approximately $2.80 billion after its acquisition…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Keurig Dr Pepper completed its approximately $18 billion acquisition of JDE Peet’s on April 1, 2026. The transaction added approximately $2.8 billion of second-quarter sales and expanded KDP’s international coffee…
• Guidance / OutlookImportance 58 · Surprise 40
  Keurig Dr Pepper reaffirmed its 2026 constant-currency net sales outlook of $25.9 billion to $26.4 billion. The company also maintained its expectation for low-double-digit adjusted diluted EPS growth for 2026.…
• Net Income and ProfitabilityImportance 53 · Surprise 82
  Adjusted diluted EPS increased 16.3% year over year to $0.57 in the second quarter of 2026, exceeding analyst expectations of $0.54-$0.55. GAAP diluted EPS fell 90% to $0.04, while net income attributable to common…
• Market Demand TrendsImportance 36 · Surprise 40
  Demand for KDP’s sodas and energy drinks was robust in the second quarter. U.S. Refreshment Beverages sales increased 10%, driven by Dr Pepper Zero Sugar and Ghost energy drinks. The performance indicates continued…
• U.S. Coffee Demand WeaknessImportance 20 · Surprise 24
  KDP’s coffee business underperformed in the second quarter, with demand affected by cautious consumer spending and lower-priced alternatives. The weakness was concentrated in U.S. Coffee, contrasting with stronger…

News · 2026-08-05

• Revenue Performance and MixImportance 83 · Surprise 82
  Keurig Dr Pepper reported second-quarter 2026 net sales of $7.31 billion, up 75.6% year over year and above the $7.26 billion consensus estimate. JDE Peet’s contributed approximately $2.80 billion after its acquisition…
• Guidance / OutlookImportance 58 · Surprise 40
  Keurig Dr Pepper reaffirmed its 2026 constant-currency net sales outlook of $25.9 billion to $26.4 billion. The company also maintained its expectation for low-double-digit adjusted diluted EPS growth for 2026.…

News · 2026-08-04

• Revenue Performance and MixImportance 83 · Surprise 82
  Keurig Dr Pepper reported second-quarter 2026 net sales of $7.31 billion, up 75.6% year over year and above the $7.26 billion consensus estimate. JDE Peet’s contributed approximately $2.80 billion after its acquisition…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Keurig Dr Pepper completed its approximately $18 billion acquisition of JDE Peet’s on April 1, 2026. The transaction added approximately $2.8 billion of second-quarter sales and expanded KDP’s international coffee…
• Net Income and ProfitabilityImportance 53 · Surprise 82
  Adjusted diluted EPS increased 16.3% year over year to $0.57 in the second quarter of 2026, exceeding analyst expectations of $0.54-$0.55. GAAP diluted EPS fell 90% to $0.04, while net income attributable to common…
• Market Demand TrendsImportance 36 · Surprise 40
  Demand for KDP’s sodas and energy drinks was robust in the second quarter. U.S. Refreshment Beverages sales increased 10%, driven by Dr Pepper Zero Sugar and Ghost energy drinks. The performance indicates continued…