Keurig Dr Pepper Inc. · KDP · Next earnings

Keurig Dr Pepper Inc. reports Monday, Oct 26, 2026

KDP reports before market open with consensus EPS at $0.64 and revenue at $7.33B. Last quarter: KDP Beats on Q1 EPS and Revenue as Refreshment Strength Offsets Coffee Headwinds

Reports Before market open36 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $0.64 Calendar consensus
Consensus revenue $7.33B Calendar consensus
Report date Oct 26, 2026 Monday, date estimated
Session Before market open 36 days away

Where KDP left off: FY2026 Q1

Full report

KDP Beats on Q1 EPS and Revenue as Refreshment Strength Offsets Coffee Headwinds

EPS surprise +4.7% Reported $0.39 vs $0.37
Revenue surprise +3.7% Reported $3.98B vs $3.84B
Stock move +7.5% Event window
Subsequent drift +0.9% Up to 20 sessions

Management reaffirmed its low-double-digit EPS growth outlook for 2026, maintaining the guidance stance from the prior quarter. The free cash flow projection was raised to $2.5B aggregate for 2026 (from $2B previously), now reflecting JDE Peet's contributions. The separation timeline into Beverage Co. and Global Coffee Co. remains targeted for early 2027, unchanged from prior commentary.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Volatile green coffee commodity costs and tariffs pressuring coffee segment margins, with improvement contingent on hedging effectiveness.
  • Trade inventory adjustments affecting pod shipments and near-term coffee segment performance.
  • Integration and separation execution risk for the JDE Peet's deal, including operational complexity of creating two stand-alone public companies.
  • Elevated leverage at approximately 4.5x following the JDE Peet's acquisition financing.
  • SNAP policy changes that could affect carbonated soft drink demand and volume.

Questions analysts left open

  • Extent and timing of coffee margin improvement in the back half of 2026.
  • Impact of SNAP eligibility changes on refreshment beverage volume and pricing.
  • Visibility on green coffee hedging effectiveness and the commodity cost trajectory.
  • Sustainability of energy-drink growth and potential cannibalization across the portfolio.
  • Timing and execution risks surrounding JDE Peet's integration and the planned 2027 separation.

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Recent KDP quarters

All KDP earnings
+7.5%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

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.