Keurig Dr Pepper Inc (NASDAQ:KDP) on Monday reported better than expected revenue for its third quarter 2025, while also raising its annual sales forecast on expected strong demand for its energy beverages and carbonated soft drinks.
The beverage maker’s revenue for the quarter rose 10.7% year over year to $4.31 billion, surpassing the analyst consensus estimate of $4.15 billion, according to data compiled by LSEG.
Net sales at Keurig’s US refreshment beverages segment increased 14.4% in Q3, while its US coffee division sales improved 1.5%.
Its adjusted profit for the period of $0.54 per share was in line with the Wall Street forecast.
The company also said it now expects 2025 full-year net sales to grow at a high-single-digit pace, up from the mid-single-digit range previously, while keeping its profit forecast unchanged.
"We are pleased with our third quarter results, which demonstrated robust growth in US Refreshment Beverages and encouraging sequential progress in US Coffee," Keurig Dr Pepper CEO Tim Cofer said in a statement.
"We are focused on sustaining our base business strength while also thoughtfully preparing for the transformation ahead as we first acquire and integrate JDE Peet's and subsequently separate into two, advantaged pure-play companies."
In August, the company said it would acquire Dutch coffee and tea company JDE Peet’s in an all-cash deal valued at about $18 billion.
Keurig Dr Pepper shares rose more than 4% in pre-market trading on Monday.