Because the US beverage group’s sizeable espresso portfolio slips again into revenue decline, all eyes are on its $18bn acquisition of JDE Peet’s to reinvigorate gross sales
Keurig Dr Pepper (KDP) ended the quarter earlier than its $18bn acquisition of JDE Peet’s with sturdy delicate drinks gross sales, however an underwhelming efficiency from its espresso section.
The US drinks group achieved 9.4% year-on-year gross sales progress within the first quarter ended 31 March 2026, reaching $4bn. The sturdy efficiency was pushed by 12% gross sales progress and sturdy $2.6bn revenues for its delicate drinks division, which incorporates the Dr Pepper, 7 Up, Crush and Schweppes manufacturers.
Espresso gross sales, however, fell 2.3% year-on-year to $857m. A median value enhance of 6% throughout its portfolio of packaged, capsule and ready-to-drink (RTD) espresso ranges in the course of the quarter contributed to an 8% decline in volumes.
The division’s adjusted working earnings additionally declined in the course of the interval, down 21% to $199m, with KDP Chief Monetary Officer Anthony DiSilvestro telling traders that sustained inflationary pressures continued to exceed pricing actions and productiveness good points.
The outcomes come after KDP’s espresso section gave the impression to be turning a nook following two consecutive quarters of improved web gross sales in the course of the second half of 2025.
