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Keurig Dr Pepper (KDP)
NASDAQ:KDP
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive strategic and commercial narrative: robust top-line growth, market share gains across key brands and channels, strong international performance, meaningful cash generation, and clear progress toward the JDE Peet's acquisition and the planned separation into two pure‑play companies. However, material near‑term headwinds were emphasized — notably US coffee cost inflation, significant brewer shipment declines, gross margin compression, and expected Q1 2026 softness due to inventory and commodity/tariff timing — which will pressure early‑2026 results before easing later in the year. On balance, the company appears well positioned strategically, but investors should expect near‑term profit and EPS drag from coffee cost dynamics and transaction-related costs.Company Guidance
Strong Full-Year Financial Performance
FY2025 net sales +8.6% (constant currency), operating income +4.9% (CC), and EPS +7.3% (CC), delivering on 2025 guidance.
Robust Q4 Top-Line Execution
Q4 net sales +9.9% (reported ~10%); net price realization contributed ~6 percentage points and volume/mix added ~3.9 points (including ~3.6 points from Ghost acquisition).
US Refreshment Beverages Outperformance
US refreshment beverages Q4 net sales +11.5% and segment operating income +8.7%; energy portfolio outperformed category with ~+1.5 share points in 2025; Vita Coco retail sales grew >20%.
International Momentum
International delivered mid-teens constant currency net sales growth and ~20% operating income growth in Q4, led by Mexico and Canada with share gains and strong commercial execution.
Strategic M&A and Separation Progress
Launched tender offer for JDE Peet's with expected early-April close; JDE Peet's expected to add ~$8.5–$8.7B revenue in 2026 and contribute ~6–7 percentage points to EPS in 2026 (three-quarter basis); milestone-based plan for separation into Beverage Co and Global Coffee Co.
Cash Flow and Deleveraging Capacity
Free cash flow in 2025 of $1.519B (includes $225M one-time distribution termination payments); standalone KDP FCF expected to increase to approximately $2.0B in 2026, supporting deleveraging post-close.
Commercial & Product Innovation Wins
Dr Pepper achieved ninth consecutive year of market share gains (Dr Pepper BlackBerry, Fansville campaign with >3,000 creative permutations, viral jingle); successful Ghost DSD integration and expanded distribution; Keurig Alta beta tests completed and product rollout planning underway.
Refined Financing and Structural Preparations
Refined financing: beverage company convertible preferred upsized to $4.5B (from $3B); $4B coffee pod manufacturing JV finalized; financing plan and governance changes set to support separation and standalone capital structures.
KDP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KDP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $29.77 | $31.03 | +4.23% |
Oct 27, 2025 | $26.94 | $28.99 | +7.62% |
Jul 24, 2025 | $32.93 | $33.00 | +0.21% |
Apr 24, 2025 | $34.35 | $33.63 | -2.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Keurig Dr Pepper (KDP) report earnings?
Keurig Dr Pepper (KDP) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Keurig Dr Pepper (KDP) earnings time?
Keurig Dr Pepper (KDP) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KDP EPS forecast?
KDP EPS forecast for the fiscal quarter 2026 (Q1) is 0.39.
