Summary

• Earlier this month, Keurig Dr Pepper completed the acquisition of a 96.22% stake in JDE Peet’s.
• Visible Alpha consensus points to full-year revenues of $26.3 billion, implying a 58% year-on-year increase, largely reflecting the consolidation of JDE Peet’s.
• The US Refreshment Beverages segment is expected to deliver a robust 7.5% constant currency growth in 2026, supported by volume expansion of 4.3% and price increases of 3.2%.

Earlier this month, Keurig Dr Pepper Inc. (KDP) completed the acquisition of a 96.22% stake in JDE Peet’s, a coffee and tea group whose brands include Jacobs, Douwe Egberts, and Peet’s Coffee. The deal materially expands Keurig Dr Pepper’s

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