---
schema_version: "secwatch.filing_event.v1"
accession: "0001418135-26-000020"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:29:30.299206+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001418135-26-000020
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1418135/000141813526000020/0001418135-26-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000141813526000020/kdp-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418135-26-000020
- JSON: https://secwatch.observer/filing/0001418135-26-000020.json
- Plain text: https://secwatch.observer/filing/0001418135-26-000020.txt

## Key facts
- Earnings Releases
  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
  source text: 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)%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000141813526000020/0001418135-26-000020-index.htm

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