Keurig Dr Pepper Q2 revenue slightly beats estimates
KDP•Outlook for 2026
- Keurig Dr Pepper sees 2026 constant currency net sales of $25.9-$26.4 bln
- Company expects 2026 adjusted diluted EPS growth in a low-double-digit range
- Company targets year-end 2026 pro-forma management leverage ratio of about 4.1x
What drove the results
- JDE Peets acquisition - Co said Q2 net sales growth was largely driven by the acquisition of JDE Peets, which contributed incrementally to results
- U.S. refreshment beverages - Segment delivered double-digit top- and bottom-line growth, driven by volume/mix growth and favorable pricing
- Productivity savings - Co said productivity savings and initial cost synergies from integration work supported adjusted operating income
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $7.30 bln | $7.24 bln (14 Analysts) |
| Q2 Adjusted EPS | Beat | $0.57 | $0.54 (15 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
