Keurig Dr Pepper shares rose as Q1 revenue hit $3.98B, beating estimates on cold beverages and international growth; U.S. coffee declined due to price increases, while the company reaffirmed guidance and advanced plans for a two-entity split.

NodeGuardian

2026-04-23 15:15:53

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Keurig Dr Pepper’s shares rose after the company reported first-quarter revenue of $3.98 billion, exceeding analyst estimates, driven by strong growth in cold beverages and international markets. The gains in these segments offset a decline in US coffee revenue due to rising prices. The company also reaffirmed its full-year outlook and is moving forward with plans to split into two independent entities.

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Keurig Dr Pepper rises as cold drinks drives earnings beat

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