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.
KDP's strong beverage momentum offsets coffee softness and rising costs as innovation and scale drive long-term growth confidence.
Both PepsiCo (NASDAQ: PEP) and Keurig Dr Pepper (NASDAQ: KDP) have significantly underperformed the broader market this year. The S&P 500 index has posted a solid 17% gain, yet PEP's stock price is essentially flat compared to the beginning of the year, and KDP's stock is down about 10%.
Keurig's Q3 sales top forecasts, earnings meet estimates and a raised 2025 outlook sends shares up nearly 8%.