KDP · 8-K · 20260806PR000048

Operating Expense Trends

Keurig Dr Pepper Inc. · 2026-08-06 · Importance 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 acquisition and increased marketing, with segment commentary also identifying inflationary pressures. Corporate adjusted operating costs increased to $190 million from $197 million of adjusted expense, while reported unallocated corporate costs rose to $468 million from $224 million because of JDE Peet’s acquisition, integration and financing costs. The release identified $318 million of second-quarter acquisition, integration and financing costs, including $195 million allocated to corporate costs, $72 million to JDE Peet’s and $51 million to U.S. Coffee.

Key facts

• Productivity (items affecting comparability) for the last twelve months ended June 30, 2026: $110 source
• Stock compensation (items affecting comparability) for the last twelve months ended June 30, 2026: $27 source
• Non-routine legal matters (items affecting comparability) for the last twelve months ended June 30, 2026: $19 source