Keurig Dr Pepper Lifts 2025 Sales Forecast After Strong Q3 Showing

Keurig Dr Pepper began the week by nudging up its full-year 2025 sales forecast after reporting third-quarter results that topped expectations. Investors responded quickly, with the stock jumping about 4% in premarket trading.

The company credited robust demand for energy drinks and carbonated soft beverages — particularly in the U.S. — where shoppers are increasingly choosing lower-calorie and wellness-oriented options as part of broader health and weight-management trends.

In the quarter, net sales in Keurig Dr Pepper’s U.S. refreshment beverages business climbed 14.4%, while its U.S. coffee arm recorded a smaller 1.5% gain. A series of measured price increases over recent quarters helped counteract higher costs from tariffs and supply-chain pressures: average prices rose roughly 4.2%, and sales volumes were up about 6.4% year over year.

Revenue for the quarter came in at $4.31 billion, topping analyst expectations of $4.15 billion, and adjusted earnings per share of $0.54 matched forecasts.

On the corporate front, activist investor Starboard Value has been quietly building a stake in the company as Keurig Dr Pepper advances a proposed acquisition of European coffee maker JDE Peet’s for roughly $18 billion. Executives say the deal would simplify the firm’s structure, making it easier for investors to assess individual business lines.

Following the results and strategic moves, the company now projects full-year net sales growth in the high single digits, a step up from its prior mid-single-digit outlook, while leaving profit guidance unchanged. Analysts point to product innovation, disciplined pricing and solid market execution as key factors behind the momentum.