The beverage maker beat quarterly revenue and adjusted profit estimates, highlighted strong U.S. refreshment growth and said it remains on track for its planned separation in early 2027.
Keurig Dr Pepper reaffirmed its 2026 outlook after second-quarter revenue rose 75.6% to $7.31 billion and adjusted earnings reached 57 cents a share, both ahead of Wall Street estimates. The gain largely reflected the April 1 closing of its JDE Peet's acquisition, while legacy net sales rose 7.3% on favorable pricing and volume mix. U.S. Refreshment Beverages revenue increased 10% to $2.9 billion, while U.S. Coffee sales fell 3.2% to $918 million and international revenue climbed 19.6% to $664 million. CEO Tim Cofer said strength at JDE Peet's helped offset continued weakness in the U.S. coffee business as the company captured initial cost synergies, reduced debt with strong free cash flow and stayed on track for its 2026 goals ahead of a planned separation in early 2027.