Recent Updates — KDP
Keurig Dr Pepper Inc. announced that its Board of Directors has appointed Russ Torres as Chief Executive Officer of the Company’s Coffee Operating Unit and future CEO of Global Coffee Co., a standalone entity resulting from the planned separation of KDP's coffee and beverage businesses. Torres, currently President and COO at Kimberly-Clark Corporation, will join KDP on November 3, 2026, reporting to current CEO Tim Cofer, who will lead Beverage Co. following the split targeted for early 2027. Upon separation, Global Coffee Co. is expected to generate approximately $16 billion in annual revenue and employ over 25,000 people. Keurig Dr Pepper Inc. operates as a leading beverage company with more than 150 owned, licensed, and partner brands.
Keurig Dr Pepper Inc. completed the sale of its indirect equity interests in Chobani for $800 million, comprising $400 million in cash and a $400 million promissory note maturing December 26, 2026. The company also sold leasehold interests in two Allentown, Pennsylvania facilities to Chobani for an additional $125 million in cash. Keurig Dr Pepper Inc. operates in the beverage industry, manufacturing and distributing coffee, tea, and other beverages.
On September 16, 2026, Keurig Dr Pepper Inc.'s Board of Directors declared a regular quarterly cash dividend of $0.23 per share for its common stock. The dividend is payable in U.S. dollars on October 9, 2026, to shareholders of record as of September 28, 2026. Keurig Dr Pepper Inc. operates in the beverage industry, producing and distributing a wide range of carbonated soft drinks, water, juice, mixers, and coffee products.
Keurig Dr Pepper Inc. entered into definitive agreements to sell its entire equity stake in Chobani for $800 million, comprising $400 million in cash and a $400 million promissory note maturing December 26, 2026. Additionally, the company will sell leasehold interests in two Allentown, Pennsylvania facilities to Chobani for $125 million. The transactions are expected to close in the third quarter of 2026 and generate approximately $925 million in pre-tax proceeds, which Keurig Dr Pepper intends to use for debt reduction. Concurrently, the companies are expanding their commercial partnership, with Keurig Dr Pepper continuing to distribute Chobani's ready-to-drink beverages through its direct store delivery network and maintaining licensing agreements for La Colombe K-Cup pods. Keurig Dr Pepper Inc. is a leading beverage company operating in the North American refreshment and global coffee markets.
On August 10, 2026, the Board of Directors appointed Aaron Alt as an independent director, increasing the board size to ten members effective August 14, 2026. Mr. Alt was also assigned to the Audit and Finance Committee on the same date. Keurig Dr Pepper Inc. operates in the beverage industry, manufacturing and distributing coffee, tea, and other beverages.
Keurig Dr Pepper Inc. reported second quarter 2026 financial results on August 6, 2026, announcing net sales of $7.31 billion, a 75.6% increase driven by the April 1 acquisition of JDE Peet’s. Adjusted diluted EPS rose 16.3% to $0.57, while GAAP diluted EPS fell 90.0% to $0.04 due to acquisition-related costs and integration expenses. The company reaffirmed its full-year 2026 guidance for constant currency net sales of $25.9-$26.4 billion and low-double-digit adjusted EPS growth, targeting a pro-forma management leverage ratio of approximately 4.1x at year-end. Operating cash flow was $895 million with free cash flow totaling $714 million. Keurig Dr Pepper Inc. operates in the beverage industry, manufacturing and distributing non-alcoholic ready-to-drink beverages and coffee products.