KDP · 8-K · 20260806PR000048
Revenue Performance and Mix
Keurig Dr Pepper Inc. · 2026-08-06 · Importance 83 · Surprise 82 · No source text
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 realization and 3.1% volume/mix growth. JDE Peet’s contributed $2.80 billion, while U.S. Refreshment Beverages generated $2.93 billion, KDP International generated $664 million, and U.S. Coffee generated $918 million. U.S. Refreshment Beverages sales rose 10.0%, KDP International sales rose 19.6% reported and 12.4% constant currency, while U.S. Coffee sales declined 3.2%.
Key facts
- Q2 2026 Net sales increase vs prior year (GAAP): 75.6% source
- Q2 2026 constant currency net sales increase (Adjusted): 74.6% source
- Q2 2026 Net sales: $7.31 bn source
- YTD Net sales through first six months 2026: $11.29 bn source
- Pro forma net sales for the Third Quarter of 2025 (Pro Forma Combined): $6,904 source
- Fourth Quarter of 2025 Pro forma net sales (Pro Forma Combined): $7,534 source
- First Quarter of 2026 Pro forma net sales (Pro Forma Combined): $6,819 source
- Legacy KDP Q2 net sales increase excluding JDE Peet's: 7.3% source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +43.1% | Q2 2026 Net sales increase vs prior year (GAAP): 75.6% |
| revenue | positive | realized | — | Q2 2026 Net sales: $7.31 bn |
| revenue | positive | realized | — | YTD Net sales through first six months 2026: $11.29 bn |