Keurig Dr Pepper (KDP) Q3 2025

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Earnings

Keurig Dr Pepper capped the third quarter of 2025 with results that beat expectations on both the top and bottom lines, as the beverage giant posted adjusted diluted EPS of $0.54, edging past the $0.54 consensus estimate by 0.45%, while revenue climb… Read more Keurig Dr Pepper capped the third quarter of 2025 with results that beat expectations on both the top and bottom lines, as the beverage giant posted adjusted diluted EPS of $0.54, edging past the $0.54 consensus estimate by 0.45%, while revenue climbed 10.7% year-over-year to $4.31 billion, ahead of the $4.16 billion analysts had forecast. The standout driver was the U.S. Refreshment Beverages segment, where net sales surged 14.4% to $2.73 billion, fueled in part by the GHOST acquisition contributing 4.4 percentage points to volume and mix growth across energy and sports hydration categories. GAAP net income rose 7.5% to $662 million. Looking ahead, KDP lifted its full-year 2025 constant currency net sales growth outlook to a high-single-digit range, up from mid-single-digit previously, while reaffirming high-single-digit adjusted EPS growth, with foreign currency translation expected to represent roughly a half percentage point headwind. The company also continued preparations for its planned acquisition of JDE Peet's and subsequent separation into two pure-play businesses, a restructuring projected to unlock approximately $400 million in total cost savings.