KDP · 10-Q · 2026Q3 · Full report
Revenue Performance and Mix
Keurig Dr Pepper Inc. · 2026-11-09 · Importance 83 · Surprise 82 · No source text
Third-quarter 2026 net sales increased 70.6% to $7,344 million, while first-nine-month sales increased 53.9% to $18,629 million; JDE Peet’s contributed 61.5 and 45.0 percentage points, respectively, to volume/mix growth. For the first nine months, U.S. Refreshment Beverages sales rose 10.9% to $8,557 million, U.S. Coffee sales fell 0.8% to $2,793 million, KDP International sales rose 16.4% to $1,828 million, and JDE Peet’s contributed $5,451 million. U.S. Coffee coffee-and-related-products volume declined 6.7% in the first nine months, reflecting price elasticity and single-serve category softness, while its net sales fell 0.8%.
Key facts
- Keurig Dr Pepper's first-nine-month 2026 net sales increased 53.9% to $18,629 million from $12,104 million; JDE Peet's acquisition contributed 45.0 percentage points of volume/mix growth. source
- Keurig Dr Pepper's third-quarter 2026 net sales increased 70.6% to $7,344 million from $4,306 million; JDE Peet's acquisition contributed 61.5 percentage points of volume/mix growth. source
- U.S. Coffee net sales increased 2.7% to $1,018 million in the third quarter of 2026, driven by favorable volume/mix partly offset by unfavorable net price realization. source
- Keurig Dr Pepper's third-quarter 2026 LRB sales volume increased 3.1%, coffee and related products volume increased 366.4%, and appliance volume increased 8.1%. source
- Keurig Dr Pepper's first-nine-month 2026 LRB sales volume increased 1.7%, coffee and related products volume increased 264.4%, and appliance volume increased 3.8%. source
- Keurig Dr Pepper's third-quarter 2026 consolidated net sales drivers were volume/mix growth of 68.0%, net price realization growth of 2.1%, and FX growth of 0.5%. source
- Keurig Dr Pepper's first-nine-month 2026 consolidated net sales drivers were volume/mix growth of 49.1%, net price realization growth of 3.9%, and FX growth of 0.9%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +88.8% | Keurig Dr Pepper's first-nine-month 2026 net sales increased 53.9% to $18,629 million from $12,104 million; JDE Peet's acquisition… |
| revenue | positive | realized | +41.4% | Keurig Dr Pepper's third-quarter 2026 net sales increased 70.6% to $7,344 million from $4,306 million; JDE Peet's acquisition contributed… |
| revenue | positive | realized | — | Keurig Dr Pepper's first-nine-month 2026 consolidated net sales drivers were volume/mix growth of 49.1%, net price realization growth of… |