KDP Q1 net sales up 9.4% to $4.0B; GAAP EPS $0.20, adjusted EPS $0.39, reaffirms 2026 guidance

Keurig Dr Pepper Inc.

2026-Q1 EPS reported $0.20 revenue$3,976,000,000

GAAP diluted EPS of $0.20 decreased 47.4% YoY; adjusted diluted EPS of $0.39 decreased 7.1%.
U.S. Refreshment Beverages net sales rose 11.9% to $2.6B; U.S. Coffee net sales fell 2.3% to $857M.
Completed acquisition of JDE Peet's on April 1, 2026.
Reaffirmed 2026 guidance: constant currency net sales $25.9-$26.4B and low-double-digit adjusted EPS growth.
Operating cash flow $281M, free cash flow $184M in Q1.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Keurig Dr Pepper Inc. reported the first quarter of 2026 results: revenue $3.98 bn, net income $270 million, EPS $0.20 per diluted share. Guidance reaffirmed.

Period: the first quarter of 2026
Revenue: $3.98 bn
Net income: $270 million
EPS: $0.20 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the first quarter of 2026 and reaffirmed its full year guidance. Reported GAAP Basis Adjusted Basis 1 Q1 Q1 Net Sales $3.98 bn $3.98 bn % vs prior year 9.4% 8.1% Diluted EPS $0.20 $0.39 % vs prior year (47.4)% (7.1)%

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Source: SEC EDGAR

accession 0001418135-26-000020

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