Keurig Dr Pepper Tops Q4 Earnings and Revenue Estimates, Driven by U.S. Beverage Growth

The company reported a 5% rise in sales and a slight beat on earnings, with strong performance in its U.S. Refreshment Beverages segment offsetting declines in coffee sales.

Keurig Dr Pepper posted adjusted earnings per share of $0.58 for Q4, surpassing analyst expectations by $0.01.
Quarterly revenue reached $4.07 billion, a 5% year-over-year increase, exceeding the $4.01 billion consensus estimate.
The U.S. Refreshment Beverages segment saw over 10% growth in net sales, reaching $2.4 billion, boosted by higher prices and volumes, as well as contributions from energy drink partnerships and the Ghost acquisition.
U.S. Coffee sales declined by 2.4%, attributed to price challenges despite a slight increase in K-Cup pod shipments.
For 2025, the company forecasts mid-single-digit net sales growth and high-single-digit EPS growth, though currency headwinds are expected to impact results by 1-2 percentage points.