KDP Q2 2025 net sales $4.16B (+6.1%), adj. EPS $0.49 (+11.1%), FY guide reaffirmed

Keurig Dr Pepper Inc.

2025-Q2 EPS reported $0.78 revenue$7,798,000,000

Q2 net sales $4.16B, up 6.1% (7.2% constant currency) driven by volume/mix +5.0% and net price +2.2%.
GAAP diluted EPS $0.40; adjusted diluted EPS $0.49, up 11.1% YoY; adjusted operating income +7.0% to $1.03B.
U.S. Refreshment Beverages net sales +10.5% to $2.7B on market share gains; U.S. Coffee flat at $0.9B.
International net sales -1.8% reported, +5.7% constant currency led by Mexico mineral water and Canada coffee.
Reaffirmed FY2025 guidance: mid-single-digit constant currency net sales growth, high-single-digit adjusted EPS growth.

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