---
schema_version: "secwatch.filing_event.v1"
accession: "0001418135-25-000118"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:09:30.445013+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KDP Q3 net sales $4.31B (+10.7%); raises FY sales growth outlook to high-single-digit, reaffirms EPS guidance

## Summary
- Q3 GAAP EPS $0.49 (+8.9% YoY); adjusted EPS $0.54 (+5.9%); net sales $4.31B (+10.7% / +10.6% constant currency); free cash flow $528M.
- U.S. Refreshment Beverages net sales +14.4% to $2.7B; GHOST acquisition contributed 7.2pp to volume/mix; market share gains in CSD, energy, sports hydration.
- U.S. Coffee net sales +1.5% to $991M; pricing of +5.5% offset pod/brewer volume decline of 4.0%; adj. operating income +2.6% to $317M.
- International net sales +10.5% to $580M (+10.1% constant currency); growth led by Mexico mineral water and Canada single-serve coffee.
- FY 2025 constant currency net sales growth guidance raised to high-single-digit range from mid-single-digit; adjusted EPS high-single-digit growth reaffirmed.

## SEC filing metadata
- accession: 0001418135-25-000118
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2025-10-27T23:59:59+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/1418135/000141813525000118/0001418135-25-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000141813525000118/kdp-20251027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418135-25-000118
- JSON: https://secwatch.observer/filing/0001418135-25-000118.json
- Plain text: https://secwatch.observer/filing/0001418135-25-000118.txt

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