KDP Q4 diluted EPS hits USD 0.26 on 3.4x jump

Reuters02-24 20:01
KDP Q4 diluted EPS hits USD 0.26 on 3.4x jump

Keurig Dr Pepper reported Q4 2025 net sales of USD 4.5 billion (+10.5%) and diluted EPS of USD 0.26; on an adjusted basis, Q4 diluted EPS was USD 0.60 (+1.7%). Q4 2025 net income was USD 353 million, operating income was USD 881 million, operating cash flow was USD 712 million, and free cash flow was USD 564 million. For FY 2025, Keurig Dr Pepper posted net sales of USD 16.6 billion (+8.2%) and diluted EPS of USD 1.53 (+45.7%); on an adjusted basis, FY diluted EPS was USD 2.05 (+7.3%). FY 2025 net income was USD 2.1 billion, operating income was USD 3.6 billion, operating cash flow was USD 2.0 billion, and free cash flow was USD 1.5 billion. Segment net sales in FY 2025 were USD 10.4 billion for U.S. Refreshment Beverages (+11.9%), USD 4.0 billion for U.S. Coffee (+0.6%), and USD 2.2 billion for International (+5.9%); Q4 segment net sales were USD 2.7 billion (+11.5%), USD 1.2 billion (+3.9%), and USD 604 million (+21.0%), respectively. The company highlighted momentum in U.S. Refreshment Beverages and noted the GHOST acquisition contributed to volume/mix growth in both Q4 and FY 2025. Keurig Dr Pepper also provided a 2026 outlook calling for net sales of USD 25.9 billion to USD 26.4 billion and adjusted diluted EPS growth in a low-double-digit range, reflecting an incremental contribution from JDE Peet’s assuming an early April close. Separately, the board chair role is set to transition from Bob Gamgort to Pamela Patsley at the end of Q1 2026, with Gamgort stepping off the board at that time.

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