Keurig Dr Pepper delivered strong revenue growth in Q2 2025, with significant contributions from its U.S. refreshment beverages and energy segments. Market share gains were notable in several categories, and international performance remained solid. However, the company faces challenges from rising costs and potential impacts on its U.S. coffee segment, which could pressure margins in the second half of the year. Overall, the positive performance in key areas suggests a generally favorable outlook, albeit with some challenges to navigate.

Company Guidance

During Keurig Dr Pepper's earnings call for the second quarter of 2025, the company provided guidance indicating strong overall performance and anticipated challenges. The company reported a 7% increase in net sales, with significant contributions from both price and volume mix, particularly in U.S. refreshment beverages and international segments. Energy drinks and new product launches like Dr. Pepper Blackberry contributed to growth. The company's full-year outlook remains on track, expecting mid-single-digit net sales growth and high-single-digit EPS growth. Despite cost pressures, including tariffs and rising commodity prices, Keurig Dr Pepper plans to manage these through pricing strategies and productivity programs, targeting a 3% to 4% savings goal. Additionally, the company announced a strategic acquisition of Dilo brands to expand into the powdered drink mixes and liquid water enhancers category, reinforcing their long-term value creation strategy.

Strong Revenue Growth

Keurig Dr Pepper (KDP) reported a 7% increase in net sales for Q2 2025, with significant contributions from both price and volume mix. The U.S. refreshment beverages segment grew by almost 11%.

Energy Segment Expansion

KDP reported that its energy brands, including GHOST, C4, Bloom, and Black Rifle, now represent over $1 billion in annual run rate net sales. The energy segment has grown its market share to 7%, up from less than 1% a few years ago.

Market Share Gains in Key Categories

KDP gained market share in carbonated soft drinks, with Dr. Pepper leading the way. The company also reported strong market share gains in the sports hydration category with its electrolyte product.

International Segment Performance

The International segment reported a 6% increase in net sales, driven by strong performance in mineral water in Mexico and K-Cup pods in Canada.

Innovative Product Launches

KDP launched Dr. Pepper Blackberry, which became the #1 new product in its category. The company also introduced Bloom pop in the prebiotic carbonated soft drink segment.

Keurig Dr Pepper (IT:1KDP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IT:1KDP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.46 / -	0.438	―	―	―
Jul 24, 2025	2025 (Q2)	0.42 / 0.42	0.387	8.89% (+0.03)
Apr 24, 2025	2025 (Q1)	0.33 / 0.36	0.326	10.53% (+0.03)
Feb 25, 2025	2024 (Q4)	0.49 / 0.50	0.472	5.45% (+0.03)
Oct 24, 2024	2024 (Q3)	0.44 / 0.44	0.412	6.25% (+0.03)
Jul 25, 2024	2024 (Q2)	0.39 / 0.39	0.361	7.14% (+0.03)
Apr 25, 2024	2024 (Q1)	0.30 / 0.33	0.292	11.76% (+0.03)	―
Feb 22, 2024	2023 (Q4)	0.46 / 0.47	0.429	10.00% (+0.04)	―
Oct 26, 2023	2023 (Q3)	0.40 / 0.41	0.395	4.35% (+0.02)	―
Jul 27, 2023	2023 (Q2)	0.34 / 0.36	0.335	7.69% (+0.03)	―

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

IT:1KDP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	€28.50	€28.50	+0.02%
Apr 24, 2025	€30.46	€30.69	+0.75%
Feb 25, 2025	€32.21	€33.43	+3.80%
Oct 24, 2024	€33.31	€31.55	-5.28%

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.