Keurig Dr Pepper Beats Q1 Estimates And Raises Revenue Outlook

Keurig Dr Pepper Inc. (NASDAQ:KDP) reported first-quarter results that exceeded analyst expectations, supported by strong performance in its U.S. refreshment beverages segment despite higher costs.

The company posted adjusted earnings per share of $0.39, beating the consensus estimate of $0.37. Revenue reached $3.98 billion, exceeding the $3.83 billion estimate and rising 8.1% on an adjusted basis from the prior year. On a reported basis, net sales increased 9.4% year-over-year.

For fiscal 2026, Keurig Dr Pepper issued revenue guidance in the range of $25.9 billion to $26.4 billion, with the midpoint of $26.15 billion above the consensus estimate of $25.89 billion. The company reaffirmed its full-year constant currency net sales and adjusted EPS outlook.

The company also completed its acquisition of JDE Peet’s on April 1, which management described as a significant milestone in its broader transformation strategy and a key step toward building a global coffee leadership platform.