Keurig Dr Pepper Sales Surge 9.4%, Squeezed by Rising Inflationary Costs

Keurig Dr Pepper (KDP) reported first-quarter net sales of $4.0 billion.

Net sales increased 9.4% during the period. The U.S. Refreshment Beverages portfolio primarily drove this top-line growth. Net sales advanced 8.1% on a constant currency basis, surpassing analyst expectations. Net price realization grew 5.5%. Volume/mix increased 2.6%.

Adjusted diluted earnings per share (EPS) declined 7.1% to $0.39. Inflationary pressures and higher marketing expenses reduced adjusted operating income. These factors offset benefits from increased sales and productivity savings. KDP reaffirmed its full-year guidance for 2026.