Keurig's Q4 tops estimates as sales jump 10.5%, fueled by U.S. Refreshment growth, pricing gains and GHOST boost.
Keurig Dr Pepper saw growth across its business segments in the fourth quarter as it advanced its plans to separate into two companies by the end of the year. “We navigated a dynamic operating environment with agility while strengthening our foundation for the long term,” Keurig Dr Pepper CEO Tim Cofer said Tuesday during the company's fourth quarter earnings call.
Keurig Dr Pepper Inc (NASDAQ:KDP) exceeded Wall Street expectations in both revenue and profit for the fourth quarter and full year 2025, posting a turnaround in GAAP net income and signaling continued growth for 2026. The company reported Q4 net sales of $4.50 billion, up 10.5% year-over-year, and ahead of estimates of $4.35 billion.
Keurig Dr Pepper Inc. (KDP) Q4 2025 Earnings Call Transcript
While the top- and bottom-line numbers for Keurig Dr Pepper (KDP) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Keurig Dr. Pepper (KDP) didn't fizzle out when it came to earnings, with Diane King Hall noting a beat Tuesday morning. Hims & Hers (HIMS) couldn't do the same as the telehealth company sees headwinds as subscribers shrink.
Keurig Dr Pepper, Inc (KDP) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.58 per share a year ago.
The Q4 2025 adjusted EPS of $0.60 marks the fourth consecutive quarter of year-over-year EPS growth in 2025, capping a full year in which KDP beat or met estimates in every quarter.
Get a deeper insight into the potential performance of Keurig Dr Pepper (KDP) for the quarter ended December 2025 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
KDP eyes Q4 growth with revenues seen up 7.2% to $4.36B, but coffee weakness and inflation may test margins with Refreshment up 12.5% and EPS at 59 cents.
Keurig Dr Pepper (NASDAQ: KDP) operates as a major North American beverage company with over 125 brands spanning carbonated soft drinks, coffee, tea, water, juice, and mixers.
Keurig Dr Pepper Inc (NASDAQ:KDP) has been downgraded to a ‘Hold' rating by Jefferies analysts, who cited uncertainties around the planned split with JDE Peet's and potential integration risks associated with the combined businesses. The broker noted that while both New BevCo and Global CoffeeCo are capable of delivering top-line and EBIT growth in 2026 and 2027, the scale of the merger, a heavy debt load, coffee price volatility, and the company's new financing structure with KKR and Apollo “may hinder the direction of travel.