Keurig Dr Pepper beat earnings forecasts in Q4 2025, boosted by price hikes, volume growth, and the GHOST acquisition, and reaffirmed 2026 guidance while finalizing its JDE Peet’s deal.

Keurig Dr Pepper reported stronger-than-expected fourth-quarter 2025 results, with adjusted earnings per share of $0.60, slightly above the $0.59 estimate, and revenue of $4.50 billion, surpassing the $4.38 billion forecast. The company cited a 10.5% year-over-year sales increase, driven by price increases, volume growth, and the GHOST acquisition. It reaffirmed its 2026 earnings guidance, projecting adjusted EPS of $2.13 to $2.17 and revenue of $25.9 to $26.4 billion. Leadership changes were announced, including Bob Gamgort stepping down as board chair, succeeded by Pamela Patsley. The company also finalized a $4.5 billion convertible preferred equity deal to finance its $18.36 billion acquisition of JDE Peet’s, with the transaction expected to close by early April and split into two companies by year-end.