Keurig Dr Pepper Inc. reported fourth-quarter and full-year 2025 results in line with guidance and introduced a 2026 outlook targeting double-digit adjusted EPS growth.

For full-year 2025, net sales rose 8.2% to $16.6 billion (8.6% on a constant currency basis), driven by strong performance in U.S. Refreshment Beverages and International. GAAP diluted EPS increased 45.7% to $1.53, while adjusted diluted EPS rose 7.3% to $2.05. Adjusted operating income increased 4.9% to $4.2 billion. Operating cash flow totaled $2.0 billion and free cash flow reached $1.5 billion.

In the fourth quarter, net sales grew 10.5% to $4.5 billion. GAAP diluted EPS was $0.26, while adjusted diluted EPS was $0.60.

Looking ahead to 2026, the company expects double-digit adjusted EPS growth, including the anticipated contribution from JDE Peet’s, and plans to progress toward a separation into two pure-play companies following the integration.

The company also announced that Board Chair Bob Gamgort will step down at the end of Q1 2026, with Pamela Patsley set to assume the role.

Source: PR Newswire, February 24, 2026.