[KDP] Keurig Dr Pepper: Q3 2026 Earnings Test U.S. Coffee Margin Recovery

Keurig Dr Pepper is a U.S. beverage and coffee company that sells Dr Pepper and other refreshment beverages, Keurig single-serve brewers and K-Cup pods, and it has consolidated the global coffee company JDE Peet's since April 1, 2026[1][2]. Its Q3 2026 earnings are scheduled for 2026-11-03, covering the Third quarter 2026 (three months ended September 30, 2026)[3]. In the latest reported period, the second quarter of 2026, net sales rose 75.6% to $7.309 billion, and the legacy business grew 7.3% excluding JDE Peet's; adjusted operating income was $1.478 billion, or 20.2% of net sales, adjusted diluted EPS rose 16.3% to $0.57, but GAAP EPS attributable to common shareholders was only $0.04, and free cash flow for the quarter was $714 million[4]. On August 6 the company reaffirmed 2026 net sales of $25.9 billion to $26.4 billion and constant-currency adjusted diluted EPS growth in a low-double-digit range, and it guided to a pro forma management leverage ratio of about 4.1x at year end[4]; on the earnings call, management added that JDE Peet's should contribute $8.5 billion to $8.7 billion for the year, that legacy constant-currency net sales growth should land at the high end of the 4% to 6% range, and that full-year free cash flow should be about $2.5 billion[5]. The company gives only full-year guidance; for the third quarter, the Drillr consensus from 9 analysts puts revenue at $7.327 billion (range $7.238 billion to $7.467 billion), and the consensus from 10 analysts puts EPS at $0.618 (range $0.608 to $0.628; the data source does not state whether this is an adjusted figure)[6].

Three things matter most in this report. The first is the U.S. Coffee margin: the segment's adjusted operating margin fell to 24.5% in the second quarter, management attributed the pressure to green coffee and tariff costs reaching the income statement with a lag through hedges and inventory, and it said the second half would improve clearly, so the third quarter is the first test of that explanation[4][5]. The second is the quality of growth in U.S. Refreshment Beverages: second-quarter net sales grew 10.0%, driven mainly by volume/mix from energy drinks and sports hydration, and management has already flagged tougher second-half comparisons and slightly slower growth, so whether third-quarter volume/mix still exceeds the price contribution determines whether the legacy business can reach the high end of guidance[4][5]. The third is JDE Peet's contribution and deleveraging: pro forma leverage was 4.4x at the end of the second quarter, management called JDE Peet's second-quarter profit the high point of the year, and the segment's third-quarter margin, free cash flow and the cash from the Chobani transactions completed on September 28 will show whether the move toward about 4.1x is coming mainly from operations or from asset sales[5][7].

Company Background and Business Structure

Keurig Dr Pepper is integrating a large acquisition and preparing a separation at the same time. In August 2025 the company agreed to acquire JDE Peet's for €31.85 per share in cash and announced a plan to split its beverage and coffee businesses into two independent public companies[1]; on April 1, 2026, it acquired 96.22% of JDE Peet's issued shares[2]. According to the October 1 announcement, the separation is targeted for early 2027, current CEO Tim Cofer will then become CEO of Beverage Co., and Russ Torres, currently President and Chief Operating Officer of Kimberly-Clark, will join on November 3 to lead the coffee integration before the separation and become CEO of Global Coffee Co. afterward[8].

Since the second quarter of 2026 the company has reported four segments, and its two U.S. segments run very different business models[9]. U.S. Refreshment Beverages, with second-quarter net sales of $2.925 billion, sells concentrates and syrups to third-party bottlers and also sells finished beverages of its own and third-party brands to distributors and retailers; U.S. Coffee, with net sales of $918 million, makes and sells Keurig single-serve brewers and K-Cup pods, manufactures pods for partner brands such as Starbucks, Dunkin' and Folgers, and participates in private label manufacturing[1][9]. KDP International, with second-quarter net sales of $664 million, covers Canada, Mexico, the Caribbean and other international markets; JDE Peet's, with net sales of $2.802 billion, owns brands including Jacobs, L'OR and Peet's, and the company's global coffee business spans more than 100 markets[1][9].

Pod manufacturing and customer concentration are two keys to understanding who keeps the profit. The company placed pod manufacturing in a joint venture, retained 51%, and sold the other 49% for $4 billion in cash to investors managed by Apollo, KKR and Goldman Sachs Asset Management, so net income attributable to non-controlling interests reached $68 million in the second quarter, mainly from that pod joint venture[9]. Raw materials make up about 55% of cost of sales, including green coffee, aluminum cans and PET bottles; the largest retail customer, Walmart, accounted for about 16% of consolidated 2025 net sales across all segments, partly through bottlers that turn the company's concentrate into finished goods sold to Walmart[1].

Financial History and Current Position

In 2025, growth came mainly from U.S. Refreshment Beverages, while U.S. Coffee profit was already declining. Net sales for 2025 were $16.603 billion, up about 8.2% from $15.351 billion in 2024; U.S. Refreshment Beverages grew 11.9% to $10.439 billion, with the GHOST acquisition contributing 6.2 percentage points of volume/mix, and segment operating income rose 56.5% to $2.939 billion[1]. U.S. Coffee grew only 0.6% to $3.990 billion as K-Cup pod volume fell 4.8% and brewer volume fell 19.9%, and segment operating income fell 10.8% to $962 million; full-year gross profit was $8.999 billion, net income $2.079 billion and operating cash flow $1.991 billion, while the company paid $1.250 billion in dividends and $594 million in interest[1].

The first quarter of 2026 still reflected the pre-acquisition legacy business, and revenue grew while profit came under pressure. Net sales rose 9.4% to about $4.0 billion, but adjusted diluted EPS fell 7.1% to $0.39, operating cash flow was $281 million and free cash flow was $184 million[10]. U.S. Coffee net sales fell 2.3% to $857 million, and segment operating income fell 20.8% to $160 million[2].

After JDE Peet's was consolidated in the second quarter, revenue and adjusted profit rose sharply while GAAP profit and the balance sheet weakened. GAAP operating income fell 30.1% to $628 million, with cost of sales including a $314 million inventory step-up to fair value, and GAAP net income attributable to common shareholders was only $60 million[4][9]; first-half operating cash flow was $1.176 billion and capital expenditure $297 million[9], and free cash flow for the first two quarters totaled $898 million[10][4]. The roughly $17.4 billion in acquisition cash was funded by about $6 billion of senior unsecured notes, a $3.6 billion delayed draw term loan, the $4 billion joint venture investment and $4.5 billion of convertible preferred stock; at June 30, short-term borrowings and current debt had risen to $8.394 billion (from $3.105 billion at the end of 2025), and first-half net interest expense rose 88.1% to $617 million[9].

Operating Model

Revenue is the sum of four segments, and the three legacy segments can be tracked through volume/mix, price and currency. Each legacy segment's quarterly revenue roughly equals the prior-year base multiplied by (1 + volume/mix + net price realization ± currency), and the company discloses these three components in every report[4]. U.S. Refreshment Beverages earns part of its revenue from concentrate sold to bottlers and part from finished beverages sold through its own distribution; U.S. Coffee expands household brewer adoption to drive repeat pod purchases, and in the second quarter coffee and related products brought in $764 million and brewers $130 million[1][9]. JDE Peet's has been consolidated since April 1, has no year-earlier base in the second quarter, and management's full-year contribution guidance is $8.5 billion to $8.7 billion[5].

Segment profit depends mainly on the gap between price and input costs, and the timing of when costs reach the income statement differs by business. Raw materials are about 55% of cost of sales[1]; in coffee, green coffee and tariff costs reach unit costs with a lag of about one to three quarters through hedges and inventory, and management said that timing caused the second-quarter pressure in U.S. Coffee[5]. The beverage business is driven mainly by aluminum, tariffs, transportation and warehousing, and in the second quarter a net unfavorable change in ingredients, materials and productivity cut U.S. Refreshment Beverages operating income by 5 percentage points while higher transportation and warehousing expenses took another 2 points[9]. Second-quarter adjusted operating margins were 29.9% for U.S. Refreshment Beverages, 24.5% for U.S. Coffee, 23.3% for KDP International and 14.8% for JDE Peet's, or 20.2% in total[4].

The gap between GAAP and adjusted profit comes from acquisition accounting and the financing structure, and cash goes first to paying down debt. Second-quarter GAAP profit was held down by the $314 million inventory step-up, integration and separation costs and $336 million of net interest expense, while the pod joint venture's non-controlling interest ($68 million) and the preferred stock took a further share, so GAAP EPS of $0.04 sat far below adjusted EPS of $0.57[4][9]. Free cash flow equals operating cash flow minus capital expenditure, and the company is directing cash first toward bringing year-end pro forma leverage to about 4.1x[4]; the Chobani transactions completed on September 28 brought $400 million in cash from the equity redemption, $125 million in cash from the asset sale and a $400 million promissory note maturing on December 26[7].

Industry and Competitive Position

In U.S. refreshment beverages, the company has used its direct-store-delivery network and partner-brand model to enter the fast-growing energy drink category. Management said the company's U.S. energy drink market share passed 9% in the second quarter, up from less than 1% four years earlier, with Bloom and GHOST as the top performers; the company owns 36% of Bloom's parent Nutribold, holds multiple board seats and has a long-term distribution partnership covering Bloom and C4[5]. Dr Pepper Zero Sugar grew retail sales nearly 30%, and management said it gained more share than any other zero-sugar soft drink brand[5].

In coffee, the company owns the leading single-serve brewing system in the U.S. and Canada, but the category is slowing. Keurig is the leading single-serve brewing system in the U.S. and Canada[1], and management acknowledged that consumers are more cautious and value-seeking, that category volume keeps declining and that share is shifting to private label[5]; the company is also carrying non-routine legal costs tied to antitrust litigation[4]. With JDE Peet's added, management said the future Global Coffee Co. will be the world's largest pure-play coffee company[8]. The available record consists mainly of the company's own disclosures and has no peer segment margins for comparison, so any judgment about competitive position has clear limits.

Core Debates

Is the U.S. Coffee margin squeeze a cost-timing problem, or is demand eroding after price increases?

This question determines which businesses the full-year profit guidance has to rely on. U.S. Coffee is the core U.S. asset of the future Global Coffee Co., and its first-half 2026 GAAP segment operating income totaled $309 million, down about 29% from roughly $435 million a year earlier based on the declines disclosed for each quarter[2][9]. If the second half does not repair it, the guidance for low-double-digit adjusted EPS growth will depend more heavily on JDE Peet's and U.S. Refreshment Beverages[4].

Two quarters of data show U.S. Coffee prices still rising while volume and mix keep dragging on revenue. U.S. Coffee net sales fell 2.3% in the first quarter and 3.2% in the second, volume/mix subtracted 8.2 percentage points in both, and net price realization was +5.9% and +5.0%, compared with +4.8% for full-year 2025[2][4][1]. Second-quarter adjusted operating income was $225 million, down 24.7%, for a margin of 24.5%, against $299 million and about 31.5% a year earlier[4]. The 10-Q shows second-quarter coffee and related products volume down 12.8%, reflecting price elasticity, single-serve category softness and the temporary shift of Peet's K-Cup pods into the JDE Peet's segment, while brewer volume rose 2.1%[9].

Management and an alternative explanation attribute the decline differently. Management pointed to a category slowdown, consumers shifting to private label, trade inventory adjustments and hedges and inventory that delayed green coffee and tariff costs into the income statement, and said the second half would be significantly stronger as lower-cost inventory and easing tariffs flow through[5]. The alternative explanation is that repeated price increases have already eroded pod demand, so even if costs fall the company may need promotions to hold volume, which would limit margin repair. In financial terms, green coffee and tariff costs reach unit costs through hedges and inventory with a lag of one to three quarters, while demand lost to pricing directly lowers volume/mix, and both lines land on U.S. Coffee net sales and adjusted operating income.

The third quarter can separate the two explanations, but the reported figures first need to be adjusted for a reporting change. Moving Peet's K-Cup pods from the JDE Peet's segment back into U.S. Coffee will lift third-quarter volume and revenue[5], so the tests are whether the adjusted operating margin returns above 24.5%, whether the volume/mix decline excluding the reporting shift is smaller than 8 percentage points, whether net price realization stays positive and whether brewer volume keeps growing. If the margin stays below 24.5%, or management pushes the improvement into 2027, the cost-timing explanation fails; if the volume/mix decline widens while prices stay high, pricing is eating into demand.

Can energy-led growth in U.S. Refreshment Beverages hold up against tougher second-half comparisons?

How much U.S. Refreshment Beverages slows will determine whether the legacy business delivers its full-year guidance. The segment is the core of the future Beverage Co. and the company's largest current profit source; first-half 2026 revenue from the three legacy segments totaled about $8.483 billion, up about 8.8% from $7.798 billion a year earlier[9]. If full-year legacy growth lands only at the high end of the 4% to 6% range[5], second-half growth has to slow noticeably.

Second-quarter growth came mainly from volume and a richer mix, not just from pricing. U.S. Refreshment Beverages net sales rose 10.0% to $2.925 billion, with volume/mix contributing 6.5 percentage points and price 3.5 points, and adjusted operating income was $874 million for a margin of 29.9%, compared with about 29.4% a year earlier[4]. Sales volume rose 2.4%, led by energy and sports hydration, while the rest of the portfolio declined[9]; for comparison, first-quarter volume/mix was +7.2% with volume at −0.6%, and full-year 2025 volume/mix was +9.0%, including 6.2 points from GHOST[2][1].

Management expects growth to continue at a slightly slower pace, while an alternative explanation sees a one-time element in the first half. Management said owned and partner brands contributed equally to growth and that the same drivers should support the second half, with growth moderating slightly against tougher comparisons[5]. The alternative explanation is that part of the first-half growth came from pipeline fill for new products and partner brands, and that once distribution is complete, volume/mix will quickly fall back to the low single digits seen in 2025 excluding GHOST. In financial terms, distribution and share gains in energy, sports hydration and zero-sugar soft drinks lift volume and mix, which drives segment net sales, and scale leverage then offsets aluminum, tariff, transportation and labor costs before reaching adjusted operating income.

Whether third-quarter volume/mix still exceeds the price contribution is the key to telling the two explanations apart. The specific tests are whether net sales growth is at least 6%, whether volume/mix stays above price, whether volume stays positive and whether the adjusted operating margin is at least 28.9%. If volume/mix falls below 2 percentage points, volume turns negative or the margin drops below 28%, growth depends on one-time pipeline fill or spending rather than durable demand.

Can JDE Peet's contribution and cash generation bring leverage down to about 4.1x before the separation?

The pace of deleveraging and synergies will decide what balance sheets the two companies carry at separation. The JDE Peet's acquisition used about $17.4 billion in cash and added large amounts of new debt, joint venture non-controlling interests and preferred stock[9], and both companies will inherit these obligations after the split. Second-quarter net interest expense was $336 million, nearly double the $180 million a year earlier[9].

JDE Peet's first consolidated quarter beat management's expectations, but management itself called it the high point of the year. In the second quarter JDE Peet's contributed $2.802 billion of net sales and $414 million of adjusted operating income, a 14.8% margin, while on a GAAP basis it posted a $62 million operating loss because of the $314 million inventory step-up[4]. Management attributed the beat to favorable timing of derivative gains and disciplined pricing, and said that because of one-off timing benefits and the return of Peet's K-Cup pods to U.S. Coffee, the second quarter would be JDE Peet's highest quarterly profit of 2026; management also reaffirmed the full-year contribution of $8.5 billion to $8.7 billion and free cash flow of about $2.5 billion, with pro forma leverage at 4.4x at quarter end, slightly ahead of plan[5].

After the quarter, the company added cash through asset sales, which opens another reading of where the deleveraging comes from. On September 28 the company completed the Chobani equity redemption and the sale of its Allentown, Pennsylvania facilities, receiving $525 million in cash and a $400 million promissory note due in December[7]; when it announced the deal on September 1, the company said the proceeds would support its deleveraging goals[11], and on October 1 it said integration and deleveraging work was on plan[8]. The alternative explanation is that leverage is falling more because of asset sales and working-capital release, while JDE Peet's profit declines after the second quarter and leaves pro forma EBITDA growth short. In financial terms, JDE Peet's segment net sales and adjusted operating income feed pro forma adjusted EBITDA, while free cash flow plus asset-sale cash repays the delayed draw term loan and commercial paper, and together they set the path from 4.4x toward about 4.1x and the change in interest expense.

JDE Peet's third-quarter margin, free cash flow and the change in leverage can distinguish the two cases. The specific tests are whether JDE Peet's net sales are at least $2.8 billion with a margin of at least 13%, whether company free cash flow for the quarter is at least $800 million, whether pro forma leverage is below 4.4x and whether full-year guidance for the JDE Peet's contribution, free cash flow and leverage is maintained; first-half free cash flow totaled $898 million, so reaching the full-year target of about $2.5 billion requires about $1.6 billion in the second half[10][4][5]. If the JDE Peet's margin falls below 12%, free cash flow falls behind the full-year pace or the company raises its year-end leverage target, deleveraging is relying mainly on one-time asset sales.

Risks and Falsifiers

Separation execution and the management handover are a risk that runs through all three debates. The separation is targeted for early 2027, the company warns in its 10-Q that it cannot assure completion on the expected timeline or on unchanged terms, and the new CEO of Global Coffee Co. arrives only on November 3[9][8]. Financially, the restructuring program is expected to incur about $325 million to $400 million of cumulative pre-tax charges through the first quarter of 2029, acquisition, integration and financing costs reached about $624 million pre-tax in the first half of 2026, and a delay would push back synergies and extend duplicate costs[9]. If the company reaffirms the early-2027 timetable in the third quarter and reports progress on registration filings or the organizational structure, this risk eases.

Customer concentration ties every segment to the same retailer. Walmart accounted for about 16% of consolidated 2025 net sales, or about $2.66 billion on $16.603 billion, and also buys indirectly through bottlers that use the company's concentrate[1], so changes in promotional terms or shelf space would hit net sales and profit in both U.S. Refreshment Beverages and U.S. Coffee. If net price realization stays positive in both U.S. segments in the third quarter and the company does not mention inventory or promotional changes at major retailers, the risk has not materialized.

Lost demand in U.S. Coffee is the most direct risk to profit. U.S. Coffee net sales were $3.990 billion in 2025[1], and on second-quarter net sales of $918 million, each percentage point of volume/mix drag equals about $9.2 million of quarterly revenue, while second-quarter adjusted operating income was already $74 million lower than a year earlier[4]. If the third-quarter volume/mix decline excluding the reporting shift narrows to within 5 percentage points and the margin returns above 28%, the lost-demand view is falsified.

A significant part of energy drink growth comes from partner brands, over which the company has limited control. The company owns only 36% of Bloom's parent Nutribold, and management said owned and partner brands contributed equally to growth[5], so any change in distribution arrangements would directly reduce the volume/mix contribution in U.S. Refreshment Beverages, which had second-quarter net sales of $2.925 billion[9]. If the company keeps reporting share gains for partner brands and third-quarter volume/mix stays above 4 percentage points, the risk has not materialized.

High leverage and financing costs will keep absorbing profit and cash. Second-quarter net interest expense was $336 million (against $180 million a year earlier), net income attributable to non-controlling interests was $68 million, and short-term borrowings and current debt at June 30 were $8.394 billion, including $1.978 billion of commercial paper, $3.185 billion of delayed draw term loan and $3.231 billion of notes[9]. If third-quarter pro forma leverage is below 4.4x and net interest expense is lower than in the second quarter, the risk is easing.

What to Watch Next

• U.S. Coffee adjusted operating margin: 24.5% in the second quarter (about 31.5% a year earlier); a return above 24.5% supports the cost-timing view, while a reading below 24.5% or improvement deferred to 2027 weakens it.
• U.S. Coffee volume/mix and price: −8.2 points and +5.0 points in the second quarter; a decline smaller than 8 points after removing the Peet's pod shift, with positive pricing and growing brewer volume, signals improvement, while a wider decline with prices still high means demand is being eroded.
• U.S. Refreshment Beverages growth: +10.0% in the second quarter, with volume/mix at +6.5 points and price at +3.5 points; growth of at least 6% with volume above price confirms continuation, while volume/mix below 2 points or negative volume falsifies it.
• U.S. Refreshment Beverages margin: 29.9% in the second quarter; at least 28.9% confirms that scale is offsetting costs, while a reading below 28% points to reliance on spending.
• JDE Peet's net sales and margin: $2.802 billion and 14.8% in the second quarter; at least $2.8 billion and 13% supports the deleveraging case, while a margin below 12% weakens it.
• Free cash flow and leverage: $898 million of first-half free cash flow and 4.4x leverage at June 30; quarterly free cash flow of at least $800 million, leverage below 4.4x and unchanged guidance support the case, while a higher year-end leverage target falsifies it.
• Cross-cutting risks: the early-2027 separation target and $336 million of second-quarter net interest expense; a reaffirmed timetable and lower interest expense mean the risk is easing.

Conclusion

Keurig Dr Pepper's profit currently comes from two business lines moving in opposite directions. U.S. Refreshment Beverages is growing volume through energy drinks and sports hydration and earned a 29.9% adjusted operating margin in the second quarter, while U.S. Coffee raised prices but absorbed an 8.2-point volume/mix drag and saw its margin fall to 24.5%[4]. After consolidating JDE Peet's, the company grew adjusted EPS by 16.3%, but GAAP EPS was only $0.04, pro forma leverage stood at 4.4x and short-term borrowings and current debt reached $8.394 billion[4][9]. The central unresolved relationship is whether falling costs in U.S. Coffee turn into margin repair, and whether JDE Peet's contribution and free cash flow can push leverage toward about 4.1x without relying on asset sales[5].

Only one external assessment with an independent judgment could be found after the August 6 results. In an August 10 article, Panabee argued that the roughly 13% volume decline in U.S. Coffee reflects fundamental demand weakness rather than only short-term cost or trade inventory effects, and said that whether the separation unlocks value depends on integrating the JDE Peet's assets, adding that the deal has long-term implications for the balance sheet[12]. That view directly conflicts with management's account of cost timing and a clearly better second half, and it maps onto the first core debate while also touching the balance sheet question in the third; it is one outside publisher's interpretation and cannot stand in for the market's overall view, and the other articles were mostly event reports or holdings changes that offered no comparable independent opinion.

What would materially strengthen the current understanding is a set of readings arriving together: a third-quarter U.S. Coffee margin back above 24.5% with a narrower volume/mix decline after the reporting shift, U.S. Refreshment Beverages volume/mix still above price, and a JDE Peet's margin of at least 13%, quarterly free cash flow of at least $800 million and pro forma leverage below 4.4x. Conversely, if the U.S. Coffee margin keeps falling, management pushes the improvement into 2027, or leverage falls mainly through asset sales such as Chobani while JDE Peet's profit drops clearly, the current understanding weakens.

Sources

[1] KDP 10-K filed 2026-02-24 · 2026-02-24 · 10-K · https://www.sec.gov/Archives/edgar/data/1418135/000141813526000016/

[2] KDP Q1 2026 10-Q filed 2026-04-23 · 2026-04-23 · 10-Q · https://www.sec.gov/Archives/edgar/data/1418135/000141813526000026/

[3] KDP earnings calendar updated 2026-10-30 · 2026-10-30 · Drillr earnings calendar

[4] KDP Q2 2026 8-K filed 2026-08-06 · 2026-08-06 · 8-K · https://www.prnewswire.com/news-releases/keurig-dr-pepper-reports-q2-results-and-reaffirms-guidance-for-2026-302844357.html

[5] KDP Q2 2026 earnings call 2026-08-06 · 2026-08-06 · earnings-call · https://gateway.drillr.ai/mcp/private

[6] Drillr analyst estimates KDP Q3 2026 retrieved 2026-10-30 · 2026-10-30 · Drillr analyst estimates · https://gateway.drillr.ai/mcp/private

[7] KDP Chobani closing 8-K filed 2026-09-28 · 2026-09-28 · 8-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001418135&type=8-K

[8] KDP Global Coffee Co CEO 8-K filed 2026-10-01 · 2026-10-01 · 8-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001418135&type=8-K

[9] KDP Q2 2026 10-Q filed 2026-08-10 · 2026-08-10 · 10-Q · https://www.sec.gov/Archives/edgar/data/1418135/000141813526000051/

[10] KDP Q1 2026 8-K filed 2026-04-23 · 2026-04-23 · 8-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001418135&type=8-K

[11] KDP Chobani transactions 8-K filed 2026-09-01 · 2026-09-01 · 8-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001418135&type=8-K

[12] Panabee view on Keurig Dr Pepper Q2 2026 2026-08-10 · 2026-08-10 · Panabee · https://www.panabee.com/news/keurig-dr-pepper-earnings-q2-2026-report