Keurig Dr Pepper has boosted sales in the last fiscal year, driven by higher demand for its refreshment beverage brands.
The company’s global net sales rose 8.2 per cent to US$16.6 billion during the year ended December 31.
On a constant-currency basis, sales increased 8.6 per cent, driven by volume/mix growth of 4.8 per cent and favourable net price realisation of 3.8 per cent. The acquisition of Ghost contributed 3.8 per cent to volume/mix growth.
The US refreshment beverages segment, which includes brands such as Dr Pepper, Canada Dry, Snapple and 7Up, led the increase with sales up 11.9 per cent to $10.4 billion.
The segment’s growth reflected gains in market share across carbonated soft drinks, energy, and sports hydration, according to the company.
The US coffee segment, which includes Keurig, Green Mountain Coffee Roasters and The Original Donut Shop, saw sales edge up 0.6 per cent to $4 billion, with higher K-Cup pods sales partially offset by lower brewer sales.
International sales improved 5.9 per cent to $2.2 billion (up 9.3 per cent in constant currency). Performance was led by healthy growth in key categories, including mineral water in Mexico and single-serve coffee in Canada.
On the bottom line, GAAP net income increased 44.3 per cent to $2.1 billion, including a favourable year-over-year impact of items affecting comparability. Adjusted net income increased 6.6 per cent to $2.8 billion.
“2025 was another strong year for KDP,” said CEO Tim Cofer. “We delivered on our guidance, navigated the dynamic operating environment with agility, and executed well in the marketplace with winning innovation and robust commercial activation of our brands.”
For FY26, the company expects net sales to increase 4-6 per cent.
Keurig Dr Pepper has also announced that the board chair role will be transitioned from Bob Gamgort to Pamela Patsley at the end of the first quarter. Patsley is currently the lead independent director and has been a member of the board since 2018.
