Keurig Dr Pepper Q1 sales up 9.4% to $4.0 billion; adjusted EPS down 7.1%
Keurig Dr Pepper reported first-quarter 2026 net sales of $4.0 billion, up 9.4%, but GAAP diluted EPS fell to $0.20 from $0.38 and adjusted diluted EPS fell 7.1% to $0.39. The company reaffirmed its 2026 guidance of $25.9 to $26.4 billion in net sales and low-double-digit constant currency adjusted EPS growth, and said it completed the JDE Peet's acquisition on April 1.
Key points
- Net sales rose 9.4% to $4.0 billion; 8.1% on a constant currency basis
- GAAP diluted EPS was $0.20 versus $0.38 a year earlier; adjusted diluted EPS was $0.39, down 7.1%
- Adjusted operating income fell 1.9% to $838 million, citing inflationary pressures and higher SG&A
- 2026 guidance reaffirmed: net sales of $25.9 to $26.4 billion and low-double-digit constant currency adjusted EPS growth
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.