KDP · 10-Q · 2026Q3

Keurig Dr Pepper Inc.

Filed 2026-11-09 · Consumer · View original filing on EDGAR

Everything KDP's SEC filings said, ranked

Ranked Events

• Revenue Performance and MixImportance 83 · Surprise 82
  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…
• Interest Expense IncreaseImportance 75 · Surprise 64
  Net interest expense increased 111.4% to $1,091 million in the first nine months of 2026, driven by higher debt and financing costs, including debt acquired with JDE Peet’s, and unfavorable mark-to-market activity. In…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  KDP substantially completed its JDE Peet’s tender offer on April 1, 2026, paying approximately €15.1 billion ($17.4 billion) for tendered shares, and completed acquisition of the remaining shares on October 26, 2026.…
• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Net cash provided by operating activities increased $941 million to $2,220 million in the first nine months of 2026, compared with $1,279 million in the prior-year period. KDP attributed the increase to a favorable…
• Operating Expense TrendsImportance 63 · Surprise 64
  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…
• Liquidity and Debt PositionImportance 58 · Surprise 42
  As of September 30, 2026, KDP reported Moody’s long-term debt and commercial-paper ratings of Baa3 and P-3, and S&P ratings of BBB- and A-3, all with stable outlooks; both agencies had downgraded the company following…
• Gross Margin DriversImportance 58 · Surprise 56
  Consolidated gross margin declined 780 basis points to 46.6% in the first nine months of 2026, despite gross profit increasing 32.1% to $8,689 million. JDE Peet’s contributed 31 percentage points and legacy KDP sales…
• Capital ExpendituresImportance 45 · Surprise 38
  Purchases of property, plant, and equipment were $457 million in the first nine months of 2026, compared with $338 million in the prior-year period. Capital expenditures included in accounts payable and accrued…
• Net Income and ProfitabilityImportance 45 · Surprise 56
  First-nine-month net income fell 17.0% to $1,432 million, and net income attributable to KDP declined 25.0% to $1,294 million. Increased interest and other expense drove the decline, partly offset by the $400 million…
• U.S. Coffee Demand WeaknessImportance 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…
• International Market GrowthImportance 25 · Surprise 32
  In KDP International, LRB sales volume increased 2.6% in the third quarter and 1.5% in the first nine months of 2026. Coffee and related products volume declined 12.9% in the quarter and 5.9% year to date, while…
• U.S. Refreshment DemandImportance 25 · Surprise 32
  U.S. Refreshment Beverages sales volume increased 3.2% in the third quarter of 2026 and 1.7% in the first nine months. Energy and sports hydration drinks led growth, with carbonated soft drinks also contributing in the…
• Income Tax Rate ChangesImportance 25 · Surprise 32
  The effective tax rate increased 100 basis points to 23.6% in the first nine months of 2026, compared with 22.6% a year earlier. A non-cash revaluation of state deferred tax liabilities following the JDE Peet’s…
• Capital Return Program (Dividend)Importance 13 · Surprise 6
  KDP declared common dividends of $0.69 per share in the first nine months of 2026, equal to the amount declared in the same period of 2025. The company also paid $107 million in dividends to holders of its Convertible…

Revenue by Product (in millions)