Earnings Releases·Nov 3, 2026, 8:10 AM ET

Keurig Dr Pepper — Q3 2026 Earnings Summary

Net sales surged 70.6% year-over-year to $7.34 billion in Q3 (53.9% YTD), driven by the JDE Peet's acquisition; legacy KDP sales grew 8.6% on volume/mix and price realization.
Adjusted diluted EPS rose 22.2% to $0.66 for the quarter and 13.1% to $1.65 year-to-date, while GAAP EPS declined 33.1% YTD due to acquisition-related costs and higher interest expense.
The company reaffirmed full-year 2026 net sales guidance of $25.9–$26.4 billion, expecting low-double-digit constant currency Adjusted EPS growth and a 7–8 percentage point EPS contribution from JDE Peet's.
Free cash flow totaled $1.01 billion in Q3, and the company paid $938 million in common dividends during the first nine months of 2026.
Long-term obligations increased to $21.6 billion as of September 30, 2026, reflecting financing for the JDE Peet's acquisition which closed on April 1, 2026.