Keurig Dr Pepper Inc. (KDP) Earnings Call Transcripts
Keurig Dr Pepper Inc.'s Latest Earnings Call - September 10, 2026
In the Q2 2026 earnings call for Keurig Dr Pepper Inc. (KDP), management reaffirmed their full-year revenue guidance of $25.9 billion to $26.4 billion, which includes a contribution of $8.5 billion to $8.7 billion from the JDE Peet's acquisition. The company reported strong momentum in its U.S. refreshment beverage segment, while facing challenges in the U.S. coffee business due to elevated costs and competitive pressures. Management signaled confidence in achieving $400 million in cost synergies over three years and expects a stronger second half of 2026, particularly in the coffee segment as cost pressures ease.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $25.9B to $26.4B (inline) |
| EPS Growth | Low double-digit (positive) |
| Free Cash Flow | $2.5B (positive) |
| Cost Synergies | $400M (positive) |
| Market Share Growth for Dr Pepper | 10th consecutive year (positive) |
| U.S. Refreshment Beverage Growth | High single-digit to low double-digit (positive) |
Guidance from management
Management reaffirmed their revenue guidance of $25.9 billion to $26.4 billion for 2026 and expects low double-digit EPS growth. They anticipate a stronger second half for the U.S. coffee business as cost pressures ease.
What analysts pressed on
Analysts expressed concerns regarding the U.S. coffee segment's performance, particularly the impact of elevated costs and competitive pressures from private label products. There were questions about the sustainability of growth in the refreshment beverage segment amid changing consumer preferences.
Main topics on the call
- Revenue Guidance Reaffirmation — KDP reaffirmed its revenue guidance for 2026, expecting a range of '$25.9 billion to $26.4 billion', which includes an incremental '$8.5 billion to $8.7 billion' from JDE Peet's. This guidance reflects confidence in both...
- U.S. Refreshment Beverage Performance — Management highlighted strong performance in the U.S. refreshment beverage segment, noting 'high single digit even in some quarters, low double-digit performance' in recent periods. They emphasized the segment's growth p...
- Challenges in U.S. Coffee Business — The U.S. coffee segment faced challenges in Q2, with management stating, 'Q2 was a little weaker than we had anticipated.' Factors included unfavorable costs and competitive pressures from private labels and alternative ...
- Cost Synergies from JDE Peet's Acquisition — KDP is targeting '$400 million in cost synergies over a 3-year period' post-acquisition, with early signs of realization in Q2. Management expressed confidence that these synergies will support their growth and profitabi...
Read the full Keurig Dr Pepper Inc. transcript (September 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Keurig Dr Pepper Inc.
Keurig Dr Pepper Inc. (KDP) is a publicly listed company in the Beverages industry, within the Consumer Staples sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 45 calls on record spanning February 27, 2020 to September 10, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 45 Keurig Dr Pepper Inc. earnings call transcripts on record, spanning February 27, 2020 to September 10, 2026. Based on this history, Keurig Dr Pepper Inc. reports quarterly. The most recent call on file is dated September 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- KDP
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Consumer Staples
- Industry
- Beverages
- Calls on record
- 45
- First call
- February 27, 2020
- Most recent
- September 10, 2026
- Reporting cadence
- quarterly