Keurig Dr Pepper (KDP) Q1 2026 Earnings Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy KDP?
Source: NASDAQ.COM
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Analyst Views on KDP
Wall Street analysts forecast KDP stock price to rise
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 28.530
Low
26.00
Averages
34.58
High
42.00
Current: 28.530
Low
26.00
Averages
34.58
High
42.00
About KDP
Keurig Dr Pepper Inc. is a beverage company in North America that manufactures, markets, distributes and sells hot and cold beverages and single serve brewing systems. It has a portfolio of beverage brands, including Keurig, Dr Pepper, Canada Dry, Mott's, A&W, Penafiel, Snapple, 7UP, Green Mountain Coffee Roasters, GHOST, Clamato, Core Hydration and The Original Donut Shop, as well as the Keurig brewing system. Its U.S. Refreshment Beverages segment is a manufacturer and distributor of liquid refreshment beverages (LRBs). This segment manufactures and distributes concentrates, syrup and finished beverages of its brands and third-party brands, to third-party bottlers, distributors, retailers, and end consumers. Its U.S. Coffee segment is a manufacturer and distributor of single serve brewers, specialty coffee (including hot and iced varieties), and ready to drink (RTD) coffee. Its International segment includes sales in Canada, Mexico, the Caribbean and other international markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Keurig Dr Pepper Q1 2026 Earnings Call Insights
- Acquisition Progress: Keurig Dr Pepper successfully closed the acquisition of JDE Peet's, with CEO Tim Cofer stating that the company is making steady progress on transformation initiatives, targeting low double-digit EPS growth for 2026, reflecting confidence in future growth.
- Strong Financial Performance: CFO Anthony DiSilvestro reported an 8.1% year-over-year increase in net sales, with net price realization contributing 5.5 percentage points to growth, despite a 220 basis point contraction in gross margin, demonstrating the company's resilience under cost pressures.
- Market Dynamics Shift: The U.S. Refreshment Beverages segment saw a net sales growth of 11.9%, while the coffee segment experienced a 2.3% decline, primarily due to higher green coffee costs and increased marketing spending, highlighting the challenges and opportunities across different business lines.
- Clear Future Outlook: DiSilvestro reaffirmed the 2026 sales guidance of $25.9 billion to $26.4 billion, expecting JDE Peet's to contribute $8.5 billion to $8.7 billion, indicating the company's confidence and strategic planning in integrating the new business.
See More
US Stocks Close Lower Amid Iran Tensions and Mixed Economic Data
- Market Weakness: On Thursday, the S&P 500 index fell by 0.41%, the Dow Jones Industrial Average dropped by 0.36%, and the Nasdaq 100 declined by 0.57%, reflecting heightened investor concerns over the escalating tensions in Iran, which erased earlier gains.
- Mixed Economic Data: Weekly initial unemployment claims rose by 6,000 to 214,000, indicating a weaker labor market than the expected 210,000, while the Chicago Fed national activity index fell to -0.20, signaling a slowdown in economic growth.
- Rising Oil Prices: WTI crude oil prices surged over 3% due to tensions in the Strait of Hormuz, potentially exacerbating the global energy crisis and influencing market sentiment and inflation expectations.
- Earnings Reports Highlight: Despite the overall market weakness, 81% of S&P 500 companies reported better-than-expected earnings, with Q1 earnings projected to rise by 12% year-over-year, showcasing resilience in certain sectors, particularly chipmakers like Texas Instruments, which rose over 19%.
See More
US Stocks Slightly Up, Led by Chipmakers
- Chipmaker Rally: Texas Instruments (TXN) surged over 16% after reporting Q1 revenue of $4.83 billion, exceeding the consensus of $4.53 billion, and forecasting Q2 revenue between $5.00 billion and $5.40 billion, solidifying its leadership in the semiconductor market.
- Strong Rental Performance: United Rentals (URI) saw its stock rise over 20% after posting Q1 revenue of $3.99 billion, above the consensus of $3.88 billion, and raising its full-year revenue forecast to $16.9 billion-$17.4 billion, indicating robust market demand and growth potential.
- Software Sector Weakness: ServiceNow (NOW) dropped more than 16% after cutting its full-year gross margin forecast to 81.5%, below the consensus of 82.1%, reflecting challenges in the software industry that may impact investor confidence.
- Mixed Economic Data: Weekly initial jobless claims rose to 214,000, exceeding expectations of 210,000, indicating a weaker labor market, while the April S&P manufacturing PMI increased to 54.0, surpassing expectations of 52.5, suggesting a rebound in manufacturing activity.
See More
US Stocks Dip Slightly as Software Sector Weighs Down Market
- Market Weakness: The S&P 500 index fell by 0.07%, the Dow Jones Industrial Average by 0.36%, and the Nasdaq 100 by 0.03%, reflecting investor concerns over stalled peace talks with Iran, which may undermine market confidence.
- Software Sector Decline: ServiceNow dropped over 15% following disappointing earnings, while IBM fell more than 7% due to underwhelming software performance, contributing to broader market pressure and highlighting challenges within the tech sector.
- Mixed Economic Data: Weekly initial unemployment claims rose to 214,000, exceeding expectations of 210,000, indicating a weaker labor market, while the April manufacturing PMI increased to 54.0, surpassing forecasts and suggesting ongoing expansion in manufacturing.
- Rising Oil Prices Impact: WTI crude oil prices increased by nearly 1% due to tensions in the Strait of Hormuz, potentially exacerbating the global energy crisis and raising inflation expectations, which could further influence bond yields.
See More
Keurig Dr Pepper (KDP) Q1 2026 Earnings Transcript
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Keurig Dr Pepper Stock Rises Approximately 4% Following Strong Q1 Results
- Stock Performance: Keurig Dr Pepper shares increased by about 4% following the release of their Q1 results.
- Earnings Report Impact: The positive stock movement indicates that the company's quarterly performance exceeded market expectations.
See More
Keurig Dr Pepper Q1 2026 Earnings Call Insights
- Acquisition Progress: Keurig Dr Pepper successfully closed the acquisition of JDE Peet's, with CEO Tim Cofer stating that the company is making steady progress on transformation initiatives, targeting low double-digit EPS growth for 2026, reflecting confidence in future growth.
- Strong Financial Performance: CFO Anthony DiSilvestro reported an 8.1% year-over-year increase in net sales, with net price realization contributing 5.5 percentage points to growth, despite a 220 basis point contraction in gross margin, demonstrating the company's resilience under cost pressures.
- Market Dynamics Shift: The U.S. Refreshment Beverages segment saw a net sales growth of 11.9%, while the coffee segment experienced a 2.3% decline, primarily due to higher green coffee costs and increased marketing spending, highlighting the challenges and opportunities across different business lines.
- Clear Future Outlook: DiSilvestro reaffirmed the 2026 sales guidance of $25.9 billion to $26.4 billion, expecting JDE Peet's to contribute $8.5 billion to $8.7 billion, indicating the company's confidence and strategic planning in integrating the new business.
See More
US Stocks Close Lower Amid Iran Tensions and Mixed Economic Data
- Market Weakness: On Thursday, the S&P 500 index fell by 0.41%, the Dow Jones Industrial Average dropped by 0.36%, and the Nasdaq 100 declined by 0.57%, reflecting heightened investor concerns over the escalating tensions in Iran, which erased earlier gains.
- Mixed Economic Data: Weekly initial unemployment claims rose by 6,000 to 214,000, indicating a weaker labor market than the expected 210,000, while the Chicago Fed national activity index fell to -0.20, signaling a slowdown in economic growth.
- Rising Oil Prices: WTI crude oil prices surged over 3% due to tensions in the Strait of Hormuz, potentially exacerbating the global energy crisis and influencing market sentiment and inflation expectations.
- Earnings Reports Highlight: Despite the overall market weakness, 81% of S&P 500 companies reported better-than-expected earnings, with Q1 earnings projected to rise by 12% year-over-year, showcasing resilience in certain sectors, particularly chipmakers like Texas Instruments, which rose over 19%.
See More
US Stocks Slightly Up, Led by Chipmakers
- Chipmaker Rally: Texas Instruments (TXN) surged over 16% after reporting Q1 revenue of $4.83 billion, exceeding the consensus of $4.53 billion, and forecasting Q2 revenue between $5.00 billion and $5.40 billion, solidifying its leadership in the semiconductor market.
- Strong Rental Performance: United Rentals (URI) saw its stock rise over 20% after posting Q1 revenue of $3.99 billion, above the consensus of $3.88 billion, and raising its full-year revenue forecast to $16.9 billion-$17.4 billion, indicating robust market demand and growth potential.
- Software Sector Weakness: ServiceNow (NOW) dropped more than 16% after cutting its full-year gross margin forecast to 81.5%, below the consensus of 82.1%, reflecting challenges in the software industry that may impact investor confidence.
- Mixed Economic Data: Weekly initial jobless claims rose to 214,000, exceeding expectations of 210,000, indicating a weaker labor market, while the April S&P manufacturing PMI increased to 54.0, surpassing expectations of 52.5, suggesting a rebound in manufacturing activity.
See More
US Stocks Dip Slightly as Software Sector Weighs Down Market
- Market Weakness: The S&P 500 index fell by 0.07%, the Dow Jones Industrial Average by 0.36%, and the Nasdaq 100 by 0.03%, reflecting investor concerns over stalled peace talks with Iran, which may undermine market confidence.
- Software Sector Decline: ServiceNow dropped over 15% following disappointing earnings, while IBM fell more than 7% due to underwhelming software performance, contributing to broader market pressure and highlighting challenges within the tech sector.
- Mixed Economic Data: Weekly initial unemployment claims rose to 214,000, exceeding expectations of 210,000, indicating a weaker labor market, while the April manufacturing PMI increased to 54.0, surpassing forecasts and suggesting ongoing expansion in manufacturing.
- Rising Oil Prices Impact: WTI crude oil prices increased by nearly 1% due to tensions in the Strait of Hormuz, potentially exacerbating the global energy crisis and raising inflation expectations, which could further influence bond yields.
See More
Keurig Dr Pepper (KDP) Q1 2026 Earnings Transcript
See More
Keurig Dr Pepper Stock Rises Approximately 4% Following Strong Q1 Results
- Stock Performance: Keurig Dr Pepper shares increased by about 4% following the release of their Q1 results.
- Earnings Report Impact: The positive stock movement indicates that the company's quarterly performance exceeded market expectations.
See More
