Keurig Dr Pepper Q1 revenue beats estimates on US refreshment beverages growth

Keurig Dr Pepper

23/04/2026 12:11

Overview

U.S. beverage maker's Q1 revenue rose 9.4%, beating analyst expectations

Adjusted EPS for Q1 fell 7.1% but beat analyst expectations

Company completed JDE Peets acquisition and reaffirmed 2026 guidance

Outlook

Keurig Dr Pepper reaffirms 2026 constant currency net sales guidance of $25.9-$26.4 bln

Company expects 2026 constant currency adjusted diluted EPS growth in low-double-digit range

Company forecasts 4-6% constant currency net sales and adjusted EPS growth for legacy business

Result Drivers

U.S. REFRESHMENT BEVERAGES GROWTH - Segment revenue rose 11.9% on higher prices and volume/mix, driving overall sales growth, partially offset by inflation and higher marketing spend

U.S. COFFEE DECLINE - Segment revenue fell 2.3% as lower volume/mix offset price gains, with cost pressures and increased marketing reducing operating income

INFLATION AND COSTS - Company-wide profitability was pressured by inflation and higher SG&A expenses, though partially offset by productivity savings

Company press release: ID:nPn2HSy0sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$4 bln
$3.84 bln (11 Analysts)
Q1 Adjusted EPS
Beat
$0.39
$0.37 (12 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-alcoholic beverages peer group is "buy"

Wall Street's median 12-month price target for Keurig Dr Pepper Inc is $32.00, about 20.6% above its April 22 closing price of $26.54

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)