Earnings summaries and quarterly performance for Keurig Dr Pepper.
Executive leadership at Keurig Dr Pepper.
Timothy Cofer
Detailed
Chief Executive Officer
CEO
AS
Anthony Shoemaker
Detailed
Chief Legal Officer, General Counsel and Secretary
EG
Eric Gorli
Detailed
President, U.S. Refreshment Beverages
JW
Justin Whitmore
Detailed
President, KDP Energy
MB
Mary Beth DeNooyer
Detailed
Chief Human Resources Officer
PM
Patrick Minogue
Detailed
President, U.S. Coffee
RJ
Roger Johnson
Detailed
Chief Supply Chain Officer
SP
Sudhanshu Priyadarshi
Detailed
Chief Financial Officer and President, International
Board of directors at Keurig Dr Pepper.
Research analysts who have asked questions during Keurig Dr Pepper earnings calls.
Kaumil Gajrawala
Jefferies
6 questions for KDP
Also covers: BARK, BRBR, BTMD +22 more
DM
Dara Mohsenian
Morgan Stanley
5 questions for KDP
Also covers: CHD, CL, CLX +12 more
Filippo Falorni
Citigroup Inc.
5 questions for KDP
Also covers: CELH, CHD, CL +12 more
PG
Peter Grom
UBS Group
5 questions for KDP
Also covers: BRBR, CELH, CHD +25 more
Christopher Carey
Wells Fargo & Company
4 questions for KDP
Also covers: CAG, CHD, CL +21 more
AT
Andrea Teixeira
JPMorgan Chase & Co.
3 questions for KDP
Also covers: CELH, CENT, CHD +20 more
LL
Lauren Lieberman
Barclays
3 questions for KDP
Also covers: CCEP, CHD, CL +18 more
Chris Carey
Wells Fargo Securities
2 questions for KDP
Also covers: CAG, CLX, COCO +10 more
Kevin Grundy
BNP Paribas
2 questions for KDP
Also covers: CELH, CHD, CL +8 more
ML
Michael Lavery
Piper Sandler & Co.
2 questions for KDP
Also covers: BGS, BYND, CELH +22 more
Robert Moskow
TD Cowen
2 questions for KDP
Also covers: BGS, BRBR, BYND +27 more
RO
Robert Ottenstein
Evercore ISI
2 questions for KDP
Also covers: ABEV, BUD, CCEP +14 more
Steve Powers
Deutsche Bank
2 questions for KDP
Also covers: BRBR, CHD, CL +22 more
Bonnie Herzog
Goldman Sachs
1 question for KDP
Also covers: CASY, CCEP, CELH +21 more
BC
Brett Cooper
Consumer Edge Research
1 question for KDP
NM
Nik Modi
RBC Capital Markets
1 question for KDP
Also covers: KMB, KO, KVUE +6 more
Peter Galbo
Bank of America
1 question for KDP
Also covers: CAG, CL, CPB +23 more
Stephen Robert Powers
Deutsche Bank
1 question for KDP
Also covers: BRBR, CHD, CL +20 more
Recent press releases and 8-K filings for KDP.
Keurig Dr Pepper enters €10.35 billion term loan for JDE Peet’s acquisition
KDP
Debt Issuance
M&A
- Keurig Dr Pepper agreed on December 18, 2025 to a €10.35 billion 364-day term loan facility with Morgan Stanley Senior Funding, Inc. as administrative agent; borrowing costs are EURIBOR plus 0.75%–1.75% and undrawn commitments incur a 0.06%–0.20% fee.
- The facility is guaranteed by KDP’s subsidiaries, includes a minimum interest coverage ratio of 3.25 x and a maximum net leverage ratio of 6.25 x upon certain downgrades, and mandates prepayment with non-ordinary course asset sale and certain financing proceeds.
- KDP also amended its August 24, 2025 bridge credit agreement, reducing the €16.2 billion commitment by €10.35 billion to €5.85 billion and reprioritizing application of debt proceeds between the term loan and the bridge facility.
- Proceeds from the term loan may be used to fund the planned acquisition of JDE Peet’s, though KDP may substitute other debt or equity financings for this facility.
4 days ago
Keurig Dr Pepper appoints Anthony DiSilvestro as CFO
KDP
CFO Change
Management Change
- Anthony DiSilvestro, with over 40 years of industry experience, is named Chief Financial Officer effective immediately, reporting to CEO Tim Cofer and leading the Finance and Technology organizations.
- DiSilvestro most recently served as CFO of Mattel for five years and was CFO of Campbell Soup Company from 2014 to 2019, bringing deep expertise in cost structure optimization and M&A integration.
- Former CFO Sudhanshu Priyadarshi will remain as a strategic advisor through April 7, 2026, to ensure a seamless transition.
- George Lagoudakis is promoted to Deputy CFO and Jane Gelfand to SVP Strategic Finance & Capital Markets, both taking on roles critical to upcoming acquisition and separation initiatives.
Nov 25, 2025, 12:30 PM
Keurig Dr Pepper enters convertible preferred financing for Project Kona
KDP
Convertible Preferred Issuance
New Projects/Investments
- Keurig Dr Pepper agreed to sell 3,000,000 shares of Series A Convertible Perpetual Preferred Stock to a group of investors, including Apollo, KKR and GSAM affiliates, under an Investment Agreement dated October 27, 2025.
- Investors committed to provide equity financing for Project Kona through AP Kona, LLC via a Commitment Letter, with each party’s funding amount and conditions set forth in Annex D.
- The Preferred Stock is convertible into Common Stock and carries customary registration rights, including shelf, demand and piggyback registrations under a Registration Rights Agreement.
Oct 30, 2025, 12:00 PM
Cizzle Brands reports fiscal Q4 and full-year 2025 results
KDP
Earnings
Revenue Acceleration/Inflection
- In Q4 2025, revenues rose 92% YoY to CAD $4.0 M, with a 58% gross margin and gross profit of CAD $2.3 M.
- For FY 2025, revenues reached CAD $13.2 M, nearly a sevenfold increase, with gross profit of CAD $7.5 M and a 57% margin.
- Q4 2025 adjusted EBITDA was CAD $(2.5 M) and net loss was CAD $(4.7 M); FY 2025 adjusted EBITDA was CAD $(8.9 M) and net loss was CAD $(13.9 M)**.
- The company ended FY 2025 with CAD $3.1 M in cash as of July 31, 2025.
- Expanded distribution via a deal with Van Houtte Coffee Services (a Keurig Dr Pepper subsidiary), adding 30,000 potential Canadian points and over 5,200 total locations in North America and Europe.
Oct 29, 2025, 9:39 PM
Keurig Dr Pepper outlines JDE Peet’s acquisition and separation plan
KDP
M&A
Debt Issuance
- The Board reaffirmed its conviction in acquiring JDE Peet’s to create a global coffee powerhouse alongside a standalone North American beverage company, and has adjusted execution optionality following investor feedback.
- KDP expects post-close leverage below 5.0×, supported by a minority JV and private convertible issuance, and targets standalone leverage of 3.5–4.0× for Beverage Co and 3.75–4.25× for Global Coffee Co, with year-one EPS accretion of ~10%.
- The combined Global Coffee Co will feature $16 billion in net sales and $3 billion in adjusted EBITDA, and is projected to realize $400 million in cost synergies over three years.
- Separation is planned by end-2026, with BevCo set to generate >$6 billion and Global Coffee Co >$5 billion of free cash flow over three years, and long-term targets of mid single-digit net sales & high single-digit EPS growth for BevCo, and low single-digit net sales & high single-digit EPS growth for Global Coffee Co.
Oct 27, 2025, 12:45 PM
Keurig Dr Pepper raises Q3 outlook and details JDE Peet’s deal
KDP
Guidance Update
M&A
Debt Issuance
- Raised constant-currency net sales outlook to high single digit for Q3 and reaffirmed high-single-digit EPS growth guidance.
- Announced acquisition of JDE Peet’s to close in H1 2026, with pro forma net leverage below 5.0× at close; standalone BevCo targeting 3.5–4.0× and Global Coffee 3.75–4.25× upon separation.
- BevCo set to deliver mid-single-digit net sales growth and high-single-digit EPS growth, while Global Coffee Company will target low-single-digit net sales growth and high-single-digit EPS growth; projected free cash flow of >$6 billion and >$5 billion respectively over three years.
- Synergy targets include €500 million of cost savings at JDE Peet’s over seven years and $400 million of integration synergies over three years.
Oct 27, 2025, 12:45 PM
Keurig Dr Pepper plans JDE Peet’s acquisition and split into two pure-play companies
KDP
M&A
Guidance Update
Convertible Preferred Issuance
- Acquisition and separation: KDP will acquire JDE Peet’s in H1 2026 and split into Beverage Co (North American refreshment) and Global Coffee Co, tripling coffee net sales to $16 billion to become the largest pure-play global coffee competitor.
- Financing package: Secured a $7 billion strategic equity investment led by Apollo and KKR—$4 billion for a controlling coffee‐manufacturing JV and $3 billion in a 4.75% convertible security (conversion price $37.25).
- Leverage targets: Post-close net leverage now expected at ~4.6× (down from 5.6×), with annual deleveraging of ~0.5 turns; targeted initial leverage ranges of 3.35–4.0× for Beverage Co and 3.75–4.25× for Global Coffee Co.
- Guidance update: Raised Q3 2025 constant currency net sales outlook to high single-digit growth (from mid single-digit) and reaffirmed high single-digit EPS growth for FY 2025.
- Timeline and execution: A dedicated Transformation Management Office is driving integration planning, with deal close in H1 2026 and standalone readiness for both companies by end of 2026.
Oct 27, 2025, 12:45 PM
Keurig Dr Pepper outlines JDE Peet’s acquisition and raises Q3 2025 guidance
KDP
Earnings
Guidance Update
M&A
- Keurig Dr Pepper plans to acquire JDE Peet’s to form a Global Coffee Company and a BevCo, targeting $400 million in cost synergies over three years and separation by year-end 2026.
- Standalone financial targets: BevCo aims for mid-single digit net sales growth and high-single digit EPS growth with $6 billion free cash flow over 2026–2028; Global Coffee Company targets low-single digit sales growth and high-single digit EPS growth with $5 billion free cash flow.
- Balance sheet commitments: upon separation, BevCo net leverage of 3.5–4.0× and Global Coffee Company 3.75–4.25×, with plans for rapid deleveraging and maintained dividends.
- For Q3 2025, KDP raised its constant currency net sales outlook to high-single digit from mid-single digit and reaffirmed high-single digit EPS growth guidance.
Oct 27, 2025, 12:45 PM
Keurig Dr Pepper secures $7B investment, plans split after JDE Peet’s deal
KDP
M&A
Convertible Preferred Issuance
New Projects/Investments
- Keurig Dr Pepper is advancing its $18 billion acquisition of JDE Peet’s with a $7 billion investment co-led by Apollo and KKR to reduce debt and support the transaction.
- The funding includes a $4 billion commitment to a new K-Cup pod and single-serve manufacturing joint venture, where KDP retains operational control.
- KDP will split JDE Peet’s into two independent companies—Beverage Co and Global Coffee Co—by end-2026, with Tim Cofer to become Beverage Co CEO post-separation.
- A $3 billion convertible preferred stock investment was announced, with an initial conversion price of $37.25 per share (41% premium to 20-day VWAP).
- Full-year 2025 net sales are expected to grow in the high-single-digit range, with about 10% adjusted EPS accretion in the first full year post-acquisition.
Oct 27, 2025, 11:48 AM
Keurig Dr Pepper outlines financing and separation plan
KDP
M&A
Convertible Preferred Issuance
New Projects/Investments
- $7 billion strategic investment co-led by Apollo and KKR to reduce projected net leverage by ~1.0x to 4.6x at closing of the JDE Peet’s acquisition in H1 2026.
- $4 billion binding commitment for a Pod Manufacturing JV and $3 billion convertible preferred stock investment with a 4.75% dividend rate and $37.25 conversion price.
- Plans to separate into two independent companies—Global Coffee Co. (target leverage 3.75–4.25x) and Beverage Co. (target leverage 3.5–4.0x)—operationally ready by end of 2026.
- Leadership updates: Tim Cofer to become CEO of Beverage Co. post-separation; nomination of Brian Driscoll to KDP’s board; search initiated for Global Coffee Co. CEO.
Oct 27, 2025, 11:20 AM
Quarterly earnings call transcripts for Keurig Dr Pepper.
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