Keurig Dr Pepper Q2 revenue slightly beats estimates

Keurig Dr Pepper

06/08/2026 12:21

Overview
U.S. beverage maker's Q2 revenue rose 76%, slightly beating analyst expectations
Adjusted EPS for Q2 grew 16%, beating analyst expectations
Company reaffirmed 2026 constant currency net sales and adjusted EPS guidance

Outlook
Keurig Dr Pepper sees 2026 constant currency net sales of $25.9-$26.4 bln
Company expects 2026 adjusted diluted EPS growth in a low-double-digit range
Company targets year-end 2026 pro-forma management leverage ratio of about 4.1x

Result Drivers
JDE PEETS ACQUISITION - Co said Q2 net sales growth was largely driven by the acquisition of JDE Peets, which contributed incrementally to results
U.S. REFRESHMENT BEVERAGES - Segment delivered double-digit top- and bottom-line growth, driven by volume/mix growth and favorable pricing
PRODUCTIVITY SAVINGS - Co said productivity savings and initial cost synergies from integration work supported adjusted operating income

Company press release: ID:nPntmKlHa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$7.30 bln
$7.24 bln (14 Analysts)
Q2 Adjusted EPS
Beat
$0.57
$0.54 (15 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-alcoholic beverages peer group is "hold."
Wall Street's median 12-month price target for Keurig Dr Pepper Inc is $37.00, about 20.3% above its August 5 closing price of $30.75
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 5 - Coca-Cola Consolidated Q2 net sales rise 11%, but margins hit by higher aluminum costs
Aug 5 - Bottler Coca-Cola HBC lifts profit forecast as demand outshines macro concerns
Aug 5 - Zevia Q2 sales beat analyst expectations on the back of higher prices

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.)