Keurig Dr Pepper's second quarter adjusted EPS grew 16% to $0.57, beating estimates as sales rose 75% with the JDE Peet's acquisition.

Keurig Dr Pepper reported second quarter adjusted net sales of $7.31 billion, up 74.6% on a constant currency basis, largely due to the first-time consolidation of the JDE Peet's acquisition. Adjusted diluted EPS increased 16.3% to $0.57. The company reaffirmed its full-year 2026 guidance for both constant currency net sales and adjusted EPS.

Key Highlights

• Adjusted diluted EPS grew 16.3% year-over-year to $0.57, exceeding analyst expectations of $0.55.
• Excluding the JDE Peet’s acquisition, legacy KDP net sales grew 7.3%, driven by a 4.2% increase in net price realization and 3.1% volume/mix growth.
• The U.S. Refreshment Beverages segment delivered strong performance with net sales increasing 10.0% to $2.9 billion.
• The company reaffirmed its full-year 2026 outlook, expecting constant currency net sales of $25.9-$26.4 billion and low-double-digit growth in constant currency adjusted diluted EPS.