KDP · 10-Q · 2026Q3 · Full report

U.S. Coffee Demand Weakness

Keurig Dr Pepper Inc. · 2026-11-09 · Importance 31 · Surprise 32

U.S. Coffee and related products volume decreased 0.5% in the third quarter and 6.7% in the first nine months of 2026. The year-to-date decline reflected price elasticity impacts and softness in the single-serve category. Appliance volume increased 16.7% in the quarter and 5.4% year to date, partly reflecting favorable comparisons with retailer inventory management in the prior year.

Key facts

• U.S. Coffee net sales decreased 0.8% to $2,793 million in the first nine months of 2026, as higher net price realization was more than offset by unfavorable volume/mix. source
• U.S. Coffee appliance volume increased 16.7% in the third quarter of 2026, while coffee and related products volume decreased 0.5%. source
• U.S. Coffee coffee and related products volume decreased 6.7% in the first nine months of 2026, reflecting price elasticity and single-serve category softness; appliance volume increased 5.4%. source