Keurig Dr Pepper Inc. (KDP) this week reported its results for the fourth quarter and full year ended December 31, 2025, and provided guidance for 2026.

KDP reported that its net sales for the full year increased 8.2% year over year to $16.6 billion. On a constant currency basis, net sales advanced 8.6%, driven by volume/mix growth of 4.8% and favorable net price realization of 3.8%. The acquisition of Ghost energy contributed 3.8 percentage points to volume/mix growth, KDP said.

Full year net sales for the company’s U.S. refreshment beverages section increased 11.9% year over year to $10.4 billion, driven by volume/mix growth of 9.0%. Meanwhile segment growth reflected market share gains in carbonated soft drinks, energy and sports hydration. The acquisition of Ghost contributed 6.2 percentage points to volume/mix growth.

Commenting on the company's results, CEO Tim Cofer stated, "2025 was another strong year for KDP. We delivered on our guidance, navigated the dynamic operating environment with agility, and executed well in the marketplace with winning innovation and robust commercial activation of our brands."

For 2026, KDP said it expects net sales of $25.9-$26.4 billion with 4-6% constant currency net sales growth and 4-6% constant currency adjusted diluted EPS growth for KDP's standalone business, as well as an incremental contribution from JDE Peet's, assuming an early April transaction close.

“In 2026, we intend to build upon our momentum with the acquisition and integration of JDE Peet's and progress towards the subsequent separation into two advantaged pure play companies,” Cofer said.

Earlier this month, Keurig Dr Pepper announced a new lineup of more than 35 new drink varieties across its owned and partner brands. The company said the lineup delivers “what consumers want most: bold new flavors, twists on nostalgic favorites, more zero sugar options and expanded energy offerings.”