---
schema_version: "secwatch.filing_event.v1"
accession: "0001418135-23-000013"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:14:50.594201+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KDP Q2 net sales +6.6% to $3.79B; raises FY net sales outlook to 5-6%, reaffirms EPS guidance

## Summary
- Q2 net sales $3.79B (+6.6% reported, +6.1% constant currency); GAAP EPS $0.36, adj. EPS $0.42 (+7.7% YoY).
- U.S. Refreshment Beverages net sales +11.8% to $2.3B; U.S. Coffee -5.7% to $970M; International +10.9% to $489M.
- Raised FY2023 constant currency net sales growth outlook to 5%-6%; reaffirmed adj. diluted EPS growth of 6%-7%.
- Free cash flow $295M; repurchased $226M in shares (~7M shares at $32.34 avg).
- CEO cited strength in U.S. Refreshment Beverages and International, expects sequential recovery in U.S. Coffee in H2.

## SEC filing metadata
- accession: 0001418135-23-000013
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000013/0001418135-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000013/kdp-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418135-23-000013
- JSON: https://secwatch.observer/filing/0001418135-23-000013.json
- Plain text: https://secwatch.observer/filing/0001418135-23-000013.txt

## Key facts
- Earnings Releases
  Keurig Dr Pepper Inc. reported the second quarter ended June 30, 2023 results: revenue $3.79 billion, net income $503 million, EPS $0.36 per diluted share. Guidance raised.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $3.79 billion
  - Net income: $503 million
  - EPS: $0.36 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Net sales for the second quarter of 2023 increased 6.6% to $3.79 billion, compared to $3.55 billion in the year-ago period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000013/0001418135-23-000013-index.htm
- Earnings Releases
  Keurig Dr Pepper Inc. reported the first six months ended June 30, 2023 results: revenue $7.14 bn, EPS $0.69. Guidance raised.
  - Period: the first six months ended June 30, 2023
  - Revenue: $7.14 bn
  - EPS: $0.69
  - Guidance: raised
  - Result: reported results
  source text: sales growth outlook to 5% to 6% and reaffirmed its guidance for Adjusted diluted EPS growth of 6% to 7%. Reported GAAP Basis Adjusted Basis 1 Q2 YTD Q2 YTD Net Sales $3.79 bn $7.14 bn $3.79 bn $7.14 bn % vs prior year 6.6% 7.7% 6.1% 7.4% Diluted EPS $0.36 $0.69 $0.42 $0.76 % vs prior year 140.0% 23.2% 7.7% 5.6% Commenting on the announcement, Chairman and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000013/0001418135-23-000013-index.htm

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