Keurig Dr Pepper holds its 2026 outlook as third-quarter profit beats and sales miss

Earnings per share of $0.66 beat forecasts by $0.04, while revenue of $7.34B fell short of the $7.40B expected.

Keurig Dr Pepper earned $0.66 a share in the third quarter, $0.04 more than expected, while revenue of $7.34B fell short of the $7.40B forecast. It kept its 2026 outlook unchanged: net sales of $25.9B to $26.4B and low-double-digit constant currency adjusted EPS growth.

The outlook is the bigger part of the release. Profit is running ahead of sales, and holding the sales range keeps it intact despite the miss. A beat with no raise suggests management sees no need to move the range, but it does not strengthen it either.

Comparisons with last year are hard to read.

The next quarterly sales figures will show whether the shortfall narrows enough to support the full-year range.