| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 4.0K | 9.4% |
| Total Income | 4.0K | 9.4% |
| Expenditure | 3.2K | 13.6% |
| PBT | 357.00 | 45.9% |
| Net Profit | 270.00 | 47.8% |
| OPM | 19.01% | 3.02pp |
| NPM | 6.79% | 7.43pp |
| EPS | 0.20 | 47.4% |
Keurig Dr Pepper Reports Q1 2026 Net Sales of $3.98 Billion, Up 9.4%
23 Apr 2026 · 23 Apr, 4:31 pm
Summary
Keurig Dr Pepper reported a solid first quarter with net sales increasing 9.4% to $4.0 billion. On a constant currency basis, net sales advanced 8.1%, driven by favorable net price realization and volume/mix growth. The company's U.S. Refreshment Beverages segment saw a significant increase in net sales, growing by 11.9%. KDP reaffirms its 2026 constant currency net sales and Adjusted EPS outlook. The company also completed its acquisition of JDE Peet’s on April 1.
Key Highlights
- 1
Keurig Dr Pepper's net sales for the first quarter increased by 9.4% to $4.0 billion.
- 2
On a constant currency basis, net sales advanced 8.1%, driven by favorable net price realization of 5.5% and volume/mix growth of 2.6%.
- 3
GAAP operating income decreased 5.6% to $756 million.
- 4
Adjusted operating income decreased 1.9% to $838 million, representing 21.1% of net sales.
- 5
Adjusted net income decreased 6.9% to $534 million, while Adjusted diluted EPS decreased 7.1% to $0.39.
- 6
U.S. Refreshment Beverages net sales for the first quarter increased 11.9% to $2.6 billion.
- 7
The company reaffirms its 2026 constant currency net sales and Adjusted EPS outlook.
Management Comments
Tim Cofer
The year is off to a good start. We delivered a solid first quarter, with strong momentum in our cold beverage portfolio and coffee results that tracked with our expectations, even as we navigated elevated costs. Earlier this month, we also completed our acquisition of JDE Peet’s, achieving a significant milestone in our transformation agenda and uniting our complementary organizations under a shared vision for global coffee leadership. With well-constructed plans in place, high-quality execution, and improving cost visibility as the year unfolds, we remain confident in our ability to deliver on our commitments while standing up two pure-play companies positioned for success.”
Informational and educational content only. Not investment advice.