earnings
confidence high
sentiment positive
materiality 0.80
KDP Q2 net sales $7.31B (+75.6%), adj. EPS $0.57 (+16.3%), reaffirms FY guidance
Keurig Dr Pepper Inc.
- GAAP net income $60M ($0.04 diluted EPS) vs $545M ($0.40) prior year; adjusted net income $783M ($0.57) up 16.3%.
- U.S. Refreshment Beverages net sales +10.0% to $2.9B; U.S. Coffee -3.2% to $918M; JDE Peet's contributed $2.8B.
- Free cash flow $714M in Q2; operating cash flow $895M.
- Reaffirms 2026 guidance: net sales $25.9-$26.4B, low-double-digit constant currency adj. EPS growth.
- Targets pro-forma management leverage ratio of 4.1x at year-end 2026.