Keurig Dr Pepper (KDP) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 23, 2026 astatine 9:43 AM CDT

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Apr. 23, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Timothy Cofer

• Chief Financial Officer — Anthony DiSilvestro

• Investor Relations — Chethan Mallela

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Timothy Cofer: Thanks, Chethan, and bully morning, everyone. We are pleased with our commencement to the year. We closed the JDE Peet's acquisition and made dependable advancement connected our translation initiatives, portion continuing to thrust our basal business, with archetypal 4th results that tracked somewhat up of our expectations. In a dynamic operating environment, our teams stay focused connected balancing longer-term foundational enactment with near-term execution. Looking ahead, our apical priorities for 2026 stay unchanged: delivering our debased double-digit EPS maturation guidance successful a high-quality way, seamlessly integrating JDE Peet's and opening to unlock operation benefits, and achieving cardinal milestones to acceptable up a palmy separation.

While there's plentifulness of enactment ahead, our well-constructed plans and year-to-date advancement reenforce our assurance successful delivering connected these commitments. Before discussing our quarterly results, fto maine concisely interaction connected our translation work. On April 1, we closed the acquisition of JDE Peet's, welcoming implicit 20,000 caller colleagues to KDP and bringing our complementary portfolios and capabilities together, agreed by a shared passionateness for large brands and exceptional java experiences. With the transaction present closed, we person begun to operationalize our integration plans, led by a dedicated translation absorption bureau and guided by wide enactment streams and accountability.

At the aforesaid time, we're besides advancing our enactment to abstracted into 2 advantaged pure-play nationalist companies which volition beryllium good positioned to make worth done accrued absorption and organizational clarity with fit-for-purpose strategies and superior allocation policies. Beverage Co. volition beryllium a growth-oriented challenger successful the ample and charismatic $300 cardinal North American refreshment beverages market. With iconic brands, differentiated go-to-market capabilities and a proven way grounds of achromatic abstraction expansion, the stand-alone beverage concern should present compelling fiscal results portion besides possessing strategical optionality implicit time. Global Coffee Co. volition beryllium a scaled person successful the $400 cardinal planetary java marketplace with an enhanced acceptable of capabilities to conscionable user needs crossed formats, channels and geographies.

Supported by a portfolio of starring planetary and determination brands, heavy expertise successful sourcing, blending and appliances and beardown synergy potential, the java concern volition besides person a compelling worth instauration model. As we equilibrium near-term show with our translation agenda, we person enactment successful spot an operating exemplary designed to support endeavor absorption portion preparing each concern portion to run independently astatine separation. Under this structure, the centralized KDP enactment squad is liable for strategical oversight, full institution commitments and transaction execution. While our dedicated beverage and java operating units are accountable for delivering their 2026 concern plans and shaping the strategical absorption for each business.