Keurig Dr Pepper Inc. · KDP · Next earnings

Keurig Dr Pepper Inc. reports Tuesday, Feb 23, 2027

KDP reports before market open with consensus EPS at $0.69 and revenue at $7.70B. Last quarter: KDP’s Q3 growth was broad in refreshment, uneven in coffee

Reports Before market open111 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $0.69 Calendar consensus
Consensus revenue $7.70B Calendar consensus
Report date Feb 23, 2027 Tuesday, date estimated
Session Before market open 111 days away

Where KDP left off: FY2026 Q3

Full report

KDP’s Q3 growth was broad in refreshment, uneven in coffee

EPS surprise +6.8% Reported $0.66 vs $0.62
Revenue surprise +0.2% Reported $7.34B vs $7.33B
Stock move -5.6% Event window
Subsequent drift 0.0% Up to 20 sessions

Management maintained its low-double-digit EPS growth guidance. The analysis also describes coffee profit improvement as more gradual; it does not report a revised numerical target.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Refreshment growth momentum may prove difficult to sustain into 2027.
  • Coffee softness, private-label competition and value-driven consumer shifts could weigh on profitability.
  • Reported earnings quality includes a one-time tariff-refund benefit that will not recur.
  • JDE Peet’s integration and the planned separation carry execution and market-condition risks.

Questions analysts left open

  • How durable is US refreshment-beverage growth into 2027?
  • What is the underlying profitability and margin trajectory for US coffee amid value pressure?
  • How much did one-time tariff refunds affect earnings quality?
  • How could organic sales guidance and JDE Peet’s pricing dynamics shape results?

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Recent KDP quarters

All KDP earnings
-5.6%FY2026 Q3-1.2%FY2026 Q2+7.5%FY2026 Q1+4.2%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.