Keurig Dr Pepper Reports Q2 Results and Reaffirms Guidance for 2026
Article excerpt
Performance Led by U.S. Refreshment Beverages and JDE Peet's Company Reaffirms 2026 Constant Currency Net Sales and Adjusted EPS Outlook Company Continues to Target a Pro-Forma Management Leverage Ratio of 4.1x at Year-End 1 FRISCO, Texas and BURLINGTON, Mass., Aug. 6, 2026 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP ) today reported results for the second quarter of 2026 and reaffirmed its full year guidance. Reported GAAP Basis Adjusted Basis 1 Q2 YTD Q2 YTD Net Sales $7.31 bn $11.29 bn $7.31 bn $11.29 bn % vs prior year 75.6 % 44.7 % 74.6 % 43.6 % Diluted EPS $0.04 $0.24 $0.57 $0.97 % vs prior year (90.0) % (69.2) % 16.3 % 4.3 % Commenting on the performance, CEO Tim Cofer stated, "We delivered another strong quarter of results, with Q2 EPS exceeding our expectations. U.S. Refreshment Beverages generated double-digit top- and bottom-line growth, KDP International sequentially improved as planned, and our combined coffee platform delivered solid performance, with healthy JDE Peet's results balanced against U.S. Coffee pressures. We also made meaningful progress on our integration and separation work, including capturing initial cost synergies, advancing key organizational readiness milestones, and generating robust free cash flow to support balance sheet deleveraging. At the midpoint of the year, we remain on track to achieve our 2026 financial and transformation...
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Adjusted net income attributable to common shareholders increased 15.2% to $783 million and Adjusted diluted EPS increased 16.3% to $0.57, driven by the Adjusted operating income increase, partly offset by higher Adjusted interest expense, non-controlling interest, and earnings allocated to preferred investors.
