Keurig Dr Pepper is moving higher after releasing first-quarter 2026 earnings this morning (April 23, 2026) and reiterating its full-year 2026 targets. The company posted net sales of $3.98 billion, up 9.4% year over year (8.1% on an adjusted constant-currency basis), and reported adjusted diluted EPS of $0.39, a result that came in ahead of most market expectations and helped fuel the stock’s roughly 6% gain. (keurigdrpepper.com)

Despite the revenue beat, profitability was mixed: GAAP diluted EPS was $0.20 versus $0.38 a year earlier, reflecting a sharp year-over-year decline, while adjusted diluted EPS fell 7.1% to $0.39. Management reaffirmed its 2026 outlook, maintaining a framework of $25.9–$26.4 billion in net sales and low-double-digit adjusted EPS growth on a constant-currency basis—an important signal for investors trying to gauge whether Q1 margin pressure is temporary. (keurigdrpepper.com)

The quarter lands just weeks after KDP completed its acquisition of JDE Peet’s on April 1, 2026, and investors are weighing the near-term financing and integration costs against the longer-term growth narrative in global coffee. While GAAP results were pressured, the combination of resilient top-line growth and a reaffirmed full-year outlook is being treated as confirmation that the post-deal transition is tracking sufficiently well to keep targets intact. (keurigdrpepper.com)