---
schema_version: "secwatch.filing_event.v1"
accession: "0001418135-23-000017"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:21:20.173047+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KDP Q3 net sales $3.81B (+5.1%), adj. EPS $0.48 (+4.3%); reaffirms FY guidance

## Summary
- GAAP EPS $0.37 vs $0.13 YoY; adjusted EPS $0.48 vs $0.46 YoY.
- U.S. Refreshment Beverages net sales +5.9% to $2.27B; U.S. Coffee -3.2% to $1.01B.
- International net sales +20.8% to $523M (+12.9% constant currency).
- Reaffirms FY2023 constant currency net sales growth 5-6% and adj. EPS growth 6-7%.
- Announced partnership with Grupo PiSA for Electrolit sports hydration brand.

## SEC filing metadata
- accession: 0001418135-23-000017
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000017/0001418135-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000017/kdp-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418135-23-000017
- JSON: https://secwatch.observer/filing/0001418135-23-000017.json
- Plain text: https://secwatch.observer/filing/0001418135-23-000017.txt

## Key facts
- Earnings Releases
  Keurig Dr Pepper Inc. updated its full year 2023 guidance (reaffirmed).
  - Period: full year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the third quarter ended September 30, 2023 and reaffirmed its guidance for full year constant currency net sales growth of 5% to 6% and Adjusted diluted EPS growth of 6% to 7%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000017/0001418135-23-000017-index.htm
- Earnings Releases
  Keurig Dr Pepper Inc. reported first nine months ended September 30, 2023 results: EPS $1.05.
  - Period: first nine months ended September 30, 2023
  - EPS: $1.05
  - Result: reported results
  source text: Reported GAAP Basis Adjusted Basis 1 Q3 YTD Q3 YTD Net Sales $3.81 bn $10.95 bn $3.81 bn $10.95 bn
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000017/0001418135-23-000017-index.htm
- Earnings Releases
  Keurig Dr Pepper Inc. reported first nine months ended September 30, 2023 results: EPS $1.05.
  - Period: first nine months ended September 30, 2023
  - EPS: $1.05
  - Result: reported results
  source text: Reported GAAP Basis Adjusted Basis 1 Q3 YTD Q3 YTD Net Sales $3.81 bn $10.95 bn $3.81 bn $10.95 bn % vs prior year 5.1% 6.8% 4.1% 6.2% Diluted EPS $0.37 $1.05 $0.48 $1.24 % vs prior year 184.6% 52.2% 4.3% 5.1% “ In the third quarter, we maintained healthy revenue momentum and delivered a significant gross margin inflection, helping to fund reinvestment in our brands and capabilities,” said Chairman and CEO Bob Gamgort.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000017/0001418135-23-000017-index.htm
- Earnings Releases
  Keurig Dr Pepper Inc. reported third quarter ended September 30, 2023 results: net income $518 million, EPS $0.37 per diluted share.
  - Period: third quarter ended September 30, 2023
  - Net income: $518 million
  - EPS: $0.37 per diluted share
  - Result: reported results
  source text: guidance for full year constant currency net sales growth of 5% to 6% and Adjusted diluted EPS growth of 6% to 7%. Reported GAAP Basis Adjusted Basis 1 Q3 YTD Q3 YTD Net Sales $3.81 bn $10.95 bn $3.81 bn $10.95 bn % vs prior year 5.1% 6.8% 4.1% 6.2% Diluted EPS $0.37 $1.05 $0.48 $1.24 % vs prior year 184.6% 52.2% 4.3% 5.1% “ In the third quarter, we
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000017/0001418135-23-000017-index.htm
- Earnings Releases
  Keurig Dr Pepper Inc. reported third quarter ended September 30, 2023 results: net income $518 million, EPS $0.37 per diluted share.
  - Period: third quarter ended September 30, 2023
  - Net income: $518 million
  - EPS: $0.37 per diluted share
  - Result: reported results
  source text: GAAP net income for the quarter increased 187.8% to $518 million, or $0.37 per diluted share, compared to $180 million, or $0.13 per diluted share, in the year-ago period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813523000017/0001418135-23-000017-index.htm

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