Keurig Dr Pepper reported Q2 sales of $7.3B, up 75.6% year-over-year, surpassing analyst estimates in its first earnings including JDE Peet’s.
Keurig Dr Pepper (KDP) shares rose in early trading after reporting second-quarter earnings that exceeded consensus estimates. The results marked the first full quarter including JDE Peet’s, driving a 75.6% year-over-year sales increase to $7.3 billion.
The company’s revenue growth outpaced expectations, reflecting strong performance from the combined entity. Prior to the merger, KDP’s standalone sales growth had averaged single digits, while JDE Peet’s had shown mid-single-digit expansion.
Market reaction was positive, with KDP shares gaining in premarket activity as investors digested the earnings beat.