Keurig Dr Pepper Q3 2026 Earnings - Adj EPS: 66c (est 63c) - Net Sales: $7.34B (est $7.33B) - Adj Oper Income: $1.7B (est $1.57B) - Still Sees FY Net Sales: $25.9B To $26.4B (est $26.31B) - Reaffirms 2026 Guidance

Keurig must face monopolization allegations raised by rival coffee pod makers and distributors that it illegally dominated the market for single-serve coffee pods for more than a decade

Keurig is launching a new plastic-free pod made out of compressed coffee — but brewing it requires a new coffee machine, which might limit how fast customers make the switch from plastic

Keurig Dr Pepper $KDP is selling its minority stake in Chobani back to the yogurt maker ahead of the beverage maker’s planned split into two public companies KDP said it will receive $925 million in its deal with Chobani, including $800M for its stake in the yogurt maker and $125M for its manufacturing plant and warehouse in Allentown, Pa - WSJ

KEURIG DR PEPPER $KDP Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $7.3B (Est. $7.24B) 🟢; +75.6% YoY 🔹 Adj. EPS: $0.57 (Est. $0.54) 🟢; +16% YoY 🔹 Adj Oper Income: $1.5B (Est. $1.4B) 🟢; +42.9% YoY 🔹 Free Cash Flow: $714M (Est. $580M) 🟢 Affirms FY26 Guide: 🔹 Revenue: $25.9B-$26.4B 🔹 Adj. EPS Growth: Low-double-digit range 🔹 Legacy Net Sales Growth: +4%-+6% constant currency 🔹 Legacy Adj. EPS Growth: +4%-+6% constant currency 🔹 Management Leverage Ratio: ~4.1x Segment Net Revenue: 🔹 U.S. Refreshment Beverages: $2.9B; +10% YoY 🔹 U.S. Coffee: $918M; -3.2% YoY 🔹 JDE Peet's: $2.8B 🔹 KDP International: $664M; +19.6% YoY Other Q2 Metrics: 🔹 Constant Currency Net Sales Growth: +74.6% 🔹 Legacy KDP Net Sales Growth: +7.3% 🔹 Adjusted Operating Margin: 20.2%; -450 bps YoY 🔹 Operating Cash Flow: $895M Comments: 🔸 “Q2 EPS exceeding our expectations.” 🔸 “U.S. Refreshment Beverages generated double-digit top- and bottom-line growth”