Keurig Dr Pepper said it acquired JDE Peet's on April 1, 2026, and JDE Peet's will contribute to its results beginning Q2 2026. Acquisition, integration, and financing costs totaled approximately $298 million on a pre-tax basis in Q1 2026.

1. 01

   Keurig Dr Pepper said it acquired JDE Peet's on April 1, 2026, and JDE Peet's will contribute to its results beginning Q2 2026. Acquisition, integration, and financing costs totaled approximately $298 million on a pre-tax basis in Q1 2026.

2. 02

   The company said gross profit increased 5.7% to $2,098 million in Q1 2026, but SG&A expenses increased 12.6% to $1,342 million, resulting in income from operations declining 5.6% to $756 million.

3. 03

   Keurig Dr Pepper said net interest expense increased 89.9% to $281 million in Q1 2026, and net income declined 47.8% to $270 million. Diluted earnings per share were $0.20 in Q1 2025, compared to $0.38.

4. 04

   The company said net sales in its U.S. Refreshment Beverages segment increased 11.9% to $2,599 million in Q1 2026, and income from operations rose 10.2% to $721 million. Sales volume in the segment declined 0.6%.

Key figures

Quarter ended March 31, 2026

Revenue

$4.0B

Operating income

$756M

Net income

$270M

EPS

$0.20

Gross profit

$2.1B

Operating cash flow

$281M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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