Business
Keurig Dr Pepper Reports Q4 and Full Year 2025 Results and Provides 2026 Outlook
Delivers 2025 Results Consistent with GuidancePerformance Led by Strong Momentum in U.S. Refreshment BeveragesTargets Double-Digit Adjusted EPS Growth in
About this update from Keurig Dr Pepper Inc.
[{"type":"text","content":"Delivers 2025 Results Consistent with GuidancePerformance Led by Strong Momentum in U.S. Refreshment BeveragesTargets Double-Digit Adjusted EPS Growth in 2026, Including Anticipated JDE Peet's ContributionRole of Board Chair to Transition from Bob Gamgort to Pamela Patsley BURLINGTON, Mass. and FRISCO, Texas, Feb. 24, 2026 /PRNewswire/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the fourth quarter and full year ended December 31, 2025 and provided guidance for 2026.Reported GAAP BasisAdjusted Basis1Q4FY 2025Q4FY 2025Net Sales$4.50 bn$16.60 bn$4.50 bn$16.60 bn% vs prior year10.5 %8.2 %9.9 %8.6 %Diluted EPS$0.26$1.53$0.60$2.05% vs prior year336.4 %45.7 %1.7 %7.3 %_____________1 Adjusted financial metrics presented in this release are non-GAAP, excluding items affecting comparability. Adjusted growth rates are non-GAAP, excluding items affecting comparability and presented on a constant currency basis. See reconciliations of GAAP results to Adjusted results on a constant currency basis in the accompanying tables.Full year 2025 highlights:Constant currency net sales growth of more than 8%, driven by U.S. Refreshment Beverages and International segmentsAdjusted diluted EPS growth of more than 7%Operating cash flow of nearly $2 billion and free cash flow totaling more than $1.5 billionCommenting on the Company's results, CEO Tim Cofer stated, \"2025 was another strong year for KDP. We delivered on our guidance, navigated the dynamic operating environment with agility, and executed well in the marketplace with winning innovation and robust commercial activation of our brands. In 2026, we intend to build upon our momentum with the acquisition and integration of JDE Peet's and progress towards the subsequent separation into two advantaged pure play companies.\"The Company also announced the upcoming transition of the Board Chair role from Bob Gamgort to Pamela Patsley, at the end of the first quarter of 2026. Gamgort will step off the Board on the same date. Patsley currently serves as KDP's Lead Independent Director and has been a member of the KDP Board of Directors since 2018. She previously served on the Board of predecessor Dr Pepper Snapple Group.Bob Gamgort, Chairman of the Board, commented, \"With KDP delivering strong performance in 2025 and establishing a compelling outlook for a transformational 2026, the...