Keurig Dr Pepper Inc. (KDP) Earnings
Keurig Dr Pepper Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.55. KDP has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +4.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.37 | $0.39 | +4.7% | $4.0B | +3.7% |
| Feb 24, 2026 | $0.59 | $0.60 | +1.9% | $4.5B | +3.2% |
| Jul 24, 2025 | $0.49 | $0.49 | +1.0% | $4.2B | +0.6% |
| Apr 24, 2025 | $0.38 | $0.42 | +9.8% | $3.6B | +1.9% |
| Feb 25, 2025 | $0.57 | $0.58 | +1.6% | $4.1B | +1.5% |
| Oct 24, 2024 | $0.51 | $0.51 | +0.0% | $3.9B | -0.8% |
| Jul 25, 2024 | $0.45 | $0.45 | +0.0% | $3.9B | +0.2% |
| Apr 25, 2024 | $0.35 | $0.38 | +8.6% | $3.5B | +1.8% |
| Feb 22, 2024 | $0.54 | $0.55 | +1.9% | $3.9B | -1.2% |
| Oct 26, 2023 | $0.47 | $0.48 | +2.1% | $3.8B | +1.0% |
| Jul 27, 2023 | $0.40 | $0.42 | +5.0% | $3.8B | +2.7% |
| Apr 27, 2023 | $0.33 | $0.34 | +3.0% | $3.4B | +1.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
1. Closed the acquisition of JDE-Peet's on April 1st and made progress on transformation initiatives. 2. Priorities for 2026 include delivering low double-digit EPS growth, seamlessly integrating JDE-Peet's, and achieving separation milestones. 3. Transformation work involves operationalizing JDE-Peet's integration, advancing separation into BeverageCo and Global Coffee Co., with leadership appointed for each. 4. Q1 results: Net sales grew 8%, EPS was 39 cents, with U.S. refreshment beverages showing strong momentum, U.S. coffee facing temporary headwinds, and international segment showing growth
Guidance
Reaffirms 2026 outlook: Total company net sales expected in range of 25.9 to $26.4 billion, low double-digit EPS growth in constant currency, with FX representing approximately 1 percentage point tailwind. Phasing: High single-digit EPS growth in Q2 with further acceleration in the back half as costs improve and synergies build
Segment performance
U.S. refreshment beverages: Net sales and operating income each grew at a double-digit rate, driven by favorable trends in core carbonated soft drink business and emerging growth areas. U.S. coffee: Net sales and operating income declined, impacted by peak year-over-year cost pressures, trade inventory adjustments, but with long-term growth initiatives in place. International: Net sales grew at a high single-digit rate, impacted by cost pressures, but expected profitability to improve as inflationary pressures ease and commercial plans are executed
Risks & headwinds
Impact of factors such as inflation, tariffs, commodity price volatility, and market conditions affecting the business and separation process
Analyst Q&A
Q: Details on U.S. refreshment beverage momentum and coffee profitability;
A: Discussed innovation, distribution, cost phasing, etc.
Q: Follow-up on JDE-Peet's performance;
A: Talked about business foundation, synergies, and performance phasing.
Q: Coffee pricing and U.S. refreshment volume mix;
A: Addressed pricing, volume mix, and product launches.
Q: Input cost hedging and portfolio optionality;
A: Discussed hedging and potential strategic actions.
Q: Guidance breakdown and non-core asset sale;
A: Answered guidance details and asset sale intentions.
Q: Energy drink portfolio;
A: Spoke about distribution, brand performance, and C4 reacceleration