---
schema_version: "secwatch.filing_event.v1"
accession: "0001418135-23-000008"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:45:18.606215+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KDP Q1 net sales $3.35B (+8.9%); adj. EPS $0.34 (+3%); reaffirms FY outlook

## Summary
- Net sales $3.35B (+8.9%); GAAP diluted EPS $0.33 (-19.5%), adjusted EPS $0.34 (+3.0%).
- US Refreshment Beverages net sales +12.7% to $2.01B; US Coffee -1.3% to $931M.
- International net sales +17.2% to $415M (+16.7% constant currency).
- Free cash flow $16M; repurchased ~6.6M shares for $231M in Q1.
- Reaffirmed FY2023 guidance: constant currency net sales growth ~5%, adj. EPS growth 6-7%.

## SEC filing metadata
- accession: 0001418135-23-000008
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000008/0001418135-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000008/kdp-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418135-23-000008
- JSON: https://secwatch.observer/filing/0001418135-23-000008.json
- Plain text: https://secwatch.observer/filing/0001418135-23-000008.txt

## Key facts
- Earnings Releases
  Keurig Dr Pepper Inc. reported the first quarter ended March 31, 2023 results: revenue $3.35 billion, net income $467 million, EPS $0.33. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $3.35 billion
  - Net income: $467 million
  - EPS: $0.33
  - Guidance: reaffirmed
  - Result: reported results
  source text: while reinvesting in our business, and we remain confident in our 2023 outlook.” First Quarter Consolidated Results Net sales for the first quarter of 2023 increased 8.9% to $3.35 billion, compared to $3.08 billion in the year-ago period and, on a constant currency basis, net sales also advanced 8.9%. Driving the consolidated net sales growth was favorable net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000008/0001418135-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.