Keurig Dr Pepper (KDP) announced strong second-quarter 2026 financial results that surpassed analyst expectations, driven by its recent acquisition of JDE Peet's. Despite the overall corporate growth, the company's U.S. Coffee division reported a decline in both sales and volume for the period ending June 30.
According to its latest financial disclosure, KDP's total net sales increased by 75.6% to $7.31 billion, a figure largely attributed to the consolidation of JDE Peet's, which was acquired on April 1. The company's U.S. Refreshment Beverages division was a key driver of organic growth, with sales increasing by 10%. KDP confirmed its full-year financial guidance and is proceeding with plans to separate its beverage and coffee businesses into two publicly traded companies in early 2027.
For the coffee industry, the most significant figures came from the U.S. Coffee segment, which saw net sales fall 3.2% to $918 million. This decrease was the result of an 8.2% drop in volume, which was only partially offset by a 5% increase in pricing. The company noted the result was also impacted by a reporting change that moved Peet's K-Cup pods into the JDE Peet's segment. The newly-formed JDE Peet's segment reported net sales of $2.8 billion for the quarter.