| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 4.3K | 3.4% | 10.7% |
| Total Income | 4.3K | 3.4% | 10.7% |
| Expenditure | 3.3K | 1.4% | 10.8% |
| PBT | 852.00 | 18.7% | 6.2% |
| Net Profit | 662.00 | 21.0% | 7.5% |
| OPM | 23.11% | 1.54pp | 0.07pp |
| NPM | 15.37% | 2.23pp | 0.46pp |
| EPS | 0.49 | 22.5% | 8.9% |
Keurig Dr Pepper Reports Q3 2025 Results, Raises Full Year Net Sales Outlook
04 May 2026 · 4 May, 8:45 am
Summary
Keurig Dr Pepper reported a 10.7% increase in net sales for the third quarter, reaching $4.3 billion. Constant currency net sales advanced by 10.6%, driven by volume/mix growth and favorable net price realization. The acquisition of GHOST significantly contributed to volume/mix growth. The company has raised its full-year constant currency net sales growth outlook to a high-single-digit range and reaffirmed its full-year adjusted EPS guidance. CEO Tim Cofer highlighted strong growth in U.S. Refreshment Beverages and encouraging progress in U.S. Coffee.
Key Highlights
- 1
Keurig Dr Pepper's net sales for the third quarter increased by 10.7% to $4.3 billion.
- 2
On a constant currency basis, net sales advanced 10.6%, driven by volume/mix growth of 6.4% and favorable net price realization of 4.2%.
- 3
The acquisition of GHOST contributed 4.4 percentage points to volume/mix growth in Q3 2025.
- 4
Adjusted operating income increased 3.8% to $1,091 million, representing 25.3% of net sales for the third quarter.
- 5
Adjusted diluted EPS increased 5.9% to $0.54, driven by adjusted operating income growth and benefits from minority investments.
- 6
The company now expects fiscal 2025 constant currency net sales growth in a high-single-digit range, revised from a mid-single-digit growth outlook previously.
- 7
Net sales for U.S. Refreshment Beverages increased 14.4% to $2.7 billion in the third quarter.
Management Comments
Tim Cofer
"We are pleased with our third quarter results, which demonstrated robust growth in U.S. Refreshment Beverages and encouraging sequential progress in U.S. Coffee. Strong innovation and in-market execution drove market share gains across key categories, with sales momentum, along with disciplined actions to offset inflationary pressures, contributing to solid earnings and free cash flow growth. We are focused on sustaining our base business strength while also thoughtfully preparing for the transformation ahead as we first acquire and integrate JDE Peet's and subsequently separate into two, advantaged pure-play companies."
Informational and educational content only. Not investment advice.