KDP · 10-Q · 2026Q3 · Full report

Operating Expense Trends

Keurig Dr Pepper Inc. · 2026-11-09 · Importance 63 · Surprise 64 · From source text

Selling, general, and administrative expenses increased 51.0% to $5,876 million in the first nine months of 2026, with JDE Peet’s expenses contributing 36 percentage points of the increase and acquisition and Separation transaction and integration costs contributing 11 points. Third-quarter SG&A rose 59.0% to $2,137 million, primarily due to JDE Peet’s expenses (51 percentage points) and transaction and integration costs (5 percentage points). Other operating expense was $96 million in the first nine months, compared with $6 million of income in the prior-year period, reflecting intellectual-property write-offs and the unfavorable Chobani-transaction impact.

Key facts

• Keurig Dr Pepper's third-quarter 2026 SG&A expenses increased 59.0% to $2,137 million from $1,344 million; JDE Peet's SG&A contributed 51 percentage points and acquisition and Separation transaction and integration costs 5 percentage points. source
• Keurig Dr Pepper's SG&A expenses increased 51.0% to $5,876 million in the first nine months of 2026, driven by JDE Peet's SG&A (36 percentage points) and acquisition and Separation transaction and integration costs (11 percentage points). source
• Keurig Dr Pepper recorded $96 million of other operating expense in the first nine months of 2026, versus $6 million of income in the prior-year period, primarily reflecting non-cash intellectual-property write-offs and a net unfavorable impact of the Chobani transactions. source
• Keurig Dr Pepper's third-quarter 2026 other operating expense was $55 million, compared with $1 million in the third quarter of 2025, primarily reflecting a net unfavorable impact of the Chobani transactions. source

Impact estimates