Keurig Dr Pepper announces appointment of new director to its Board. Aug 12, 2026, 08:00 ET FRISCO, Texas and BURLINGTON, Mass., Aug. 12, 2026 /PRNewswire/ - Keurig Dr Pepper Inc. (NASDAQ: KDP) announced today that Aaron Alt has been appointed a director of the Company's Board of Directors, effective August 14, 2026. Alt brings deep expertise in finance, capital allocation and business transformation to KDP's Board and will serve on its Audit and Finance Committee. He currently serves as Chief Financial Officer of Cardinal Health, where he oversees the company's financial and corporate development activities. Prior to joining Cardinal Health in 2023, Alt served as Executive Vice President and Chief Financial Officer of Sysco Corporation and held senior finance and operational leadership positions at Sally Beauty Holdings and Target Corporation. Earlier in his career, he worked across brand management, strategy, finance and legal at Sara Lee Corporation. He holds an MBA from Northwestern University's Kellogg School of Management, a J.D. from Harvard Law School and a bachelor's degree from Northwestern University. "With his track record as a three-time public company CFO and his broad experience across finance, operations and corporate development, Aaron will be a valuable addition to our Board," said Pamela Patsley, Chairman of the Board of KDP. "We continue to appoint world class leaders as we grow our Board and its capabilities in advance of separation into the future Beverage Co. and Global Coffee Co." "Aaron has successfully led finance organizations through periods of growth, transformation and change, and his perspective will be highly relevant as we prepare to launch two focused, category-leading companies," added Tim Cofer, Chief Executive Officer of KDP. About Keurig Dr Pepper Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company with more than 150 owned, licensed and partner brands that meet a wide range of needs and occasions. Our North American refreshment beverage business holds leadership positions across carbonated soft drinks, water, juice and mixers with a portfolio of iconic brands such as Dr Pepper(R), Canada Dry(R), Mott's(R), A&W(R), Peñafiel(R), GHOST(R), 7UP(R), Snapple(R), Clamato(R) and Core Hydration(R). Our global coffee business spans more than 100 markets and includes the leading Keurig(R) single-serve brewing system in the U.S. and Canada, along with powerhouse brands such as Peet's, L'OR and Jacobs, and other regional coffee leaders. Our more than 50,000 employees aim to enhance the experience of every beverage and coffee occasion while making a positive impact for people, communities and the planet. Learn more at www.keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram. Investor Contact: Investor Relations T: 888-340-5287 / [email protected] SOURCE Keurig Dr Pepper

KDP posts mixed results following JDE acquisition. Global soft drinks manufacturer Keurig Dr Pepper (KDP) saw net sales increasing by 7.3 per cent, excluding the contribution from the JDE Peet's acquisition, to approximately £5.4bn but GAAP operating income dropped 30.1 per cent. The company's adjusted operating income went up by 42.9 per cent to £1.1bn, and totalled 20.2 per cent of net sales. The adjusted operating income growth was driven by net sales growth, productivity savings and the JDE Peet's acquisition, which was partially offset by the impact of inflationary pressures. However, KDP's GAAP operating income went down by 30.1 per cent to around £465m, which was affected by an unfavourable year-on-year impact of items affecting comparability. The company's international net sales during the second quarter increased by 19.6 per cent to approximately £491m. On a constant currency basis net sales went up by 12.4 per cent which was driven by a volume/mix growth of 6.5 per cent and favourable net price realisation of 5.9 per cent. CEO of KDP, Tim Cofer said: "Grocery Gazette delivered another strong quarter of results, with Q2 EPS exceeding its expectations. "US refreshment beverages generated double-digit top- and bottom-line growth, KDP International sequentially improved as planned, and its combined coffee platform delivered solid performance, with healthy JDE Peet's results balanced against US Coffee pressures. "At the midpoint of the year, we remain on track to achieve our 2026 financial and transformation commitments while preparing for a successful separation in early 2027." Moving forward, the business has forecasted a net sales growth of between 4 and 6 per cent on a constant currency basis and adjusted EPS growth for the KDP's legacy segment. The company also expects a 1 per cent tailwind to the 2026 full-year net sales and EPS growth due to a negative impact from foreign currency translation.

Keurig Dr Pepper reports 2Q results beating expectations, but the U.S. Coffee disappoints, Jde Peet's posts sales of $2.8 billion. Sales soared by 75.6 per cent to 7.31 billion, driven by the acquisition of JDE Peet's. This figure exceeds analysts' average forecast of 7.24 billion, according to data compiled by LSEG. Adjusted diluted EPS increased 16.3% to 57 cents, compared with the expected 54 cents. Keurig Dr Pepper confirms its full-year 2026 forecast of net sales of between 25.9 and 26.4 billion, with adjusted EPS growth in a low double-digit range August 7, 2026 August 6, 2026 Share your coffee stories with Comunicaffe by writing to [email protected]. MILAN - Keurig Dr Pepper (KDP) reported quarterly results above expectations, despite a disappointing performance for U.S. Coffee, and is pressing ahead with its planned spin-off into two separate companies in early 2027, whilst also confirming its guidance for the current financial year. The US coffee and beverage giant published its results for the period to 30 June yesterday, Thursday 6 August 2026, which show results exceeding forecasts, driven primarily by soft drinks and energy drinks. On 1 April, KDP completed the acquisition of JDE Peet's: a deal worth nearly 18 billion dollars, which will be followed by the split of the beverages and coffee businesses into two separate companies, both of which will be listed on the stock exchange. The second quarter of the year has followed the same pattern as the first: results above the consensus, reflecting the resilience of the drinks sector, whilst the US coffee business posted a less impressive performance. First and foremost, sales soared by 75.6 per cent to 7.31 billion, driven by the acquisition of JDE Peet's. This figure exceeds analysts' average forecast of 7.24 billion, according to data compiled by LSEG. Adjusted diluted EPS increased 16.3% to 57 cents, compared with the expected 54 cents. Keurig Dr Pepper confirms its full-year 2026 forecast of net sales of between 25.9 and 26.4 billion, with adjusted EPS growth in a low double-digit range. The US Refreshment Beverages division was the star performer, once again acting as the main driver with a 10 per cent increase in sales for the quarter, thanks to strong demand for products such as Dr Pepper Zero Sugar, Ghost energy drinks and Electrolit hydration products. The negative news comes from the US coffee business, which recorded a 3.2 per cent fall in sales to $918 million, due to an 8.2 per cent drop in volumes, only partially offset by a 5 per cent increase in prices. It should be noted, however, that the result was negatively impacted by a reporting shift of Peet's K-Cup pods into the JDE Peet's segment as a result of the acquisition. JDE Peet's, for its part, reported net sales for the second quarter were $2.8 billion. The GAAP operating loss was $62 million, including an unfavourable impact of items affecting comparability, primarily due to acquisition and integration-related costs. Adjusted operating income was $414 million and totalled 14.8% of net sales. The JDE Peet's acquisition closed on April 1, and therefore the segment contribution was wholly incremental to the Company on a year-over-year basis. Commenting on the performance, CEO Tim Cofer stated: "We delivered another strong quarter of results, with Q2 EPS exceeding our expectations. U.S. Refreshment Beverages generated double-digit top- and bottom-line growth, KDP International sequentially improved as planned, and our combined coffee platform delivered solid performance, with healthy JDE Peet's results balanced against U.S. Coffee pressures. We also made meaningful progress on our integration and separation work, including capturing initial cost synergies, advancing key organizational readiness milestones, and generating robust free cash flow to support balance sheet deleveraging. At the midpoint of the year, we remain on track to achieve our 2026 financial and transformation commitments while preparing for a successful separation in early 2027."