Quarterly ResultAug 6, 2026, 07:08 AM
Keurig Dr Pepper Q2 Net Sales $7.31B; Adjusted EPS $0.57; Reaffirms 2026 Guidance
AI Summary
Keurig Dr Pepper Inc. reported strong second-quarter 2026 results, with net sales increasing 75.6% to $7.31 billion and Adjusted Diluted EPS growing 16.3% to $0.57. However, GAAP Diluted EPS declined 90.0% to $0.04, primarily due to acquisition and integration-related costs from the JDE Peet’s acquisition. The company reaffirmed its full-year 2026 guidance for constant currency net sales and Adjusted EPS, highlighting robust performance in U.S. Refreshment Beverages and the contribution from JDE Peet’s.
Key Highlights
- Q2 Net Sales increased 75.6% to $7.31 billion.
- Q2 Adjusted Diluted EPS grew 16.3% to $0.57.
- Q2 GAAP Diluted EPS decreased 90.0% to $0.04, impacted by acquisition costs.
- U.S. Refreshment Beverages net sales rose 10.0% to $2.9 billion.
- JDE Peet’s acquisition contributed $2.8 billion in Q2 net sales.
- Reaffirmed 2026 constant currency net sales growth of 4-6% for legacy business.
- Reaffirmed 2026 constant currency Adjusted diluted EPS growth of 4-6% for legacy business.
- Company targets a pro-forma management leverage ratio of approximately 4.1x by year-end 2026.
Price Impact
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