KDP Earnings

Refreshment Beverages Company Completed Acquisition of JDE Peet’s on April 1 Company Reaffirms 2026 Constant Currency Net Sales and Adjusted EPS Outlook BURLINGTON, MA and FRISCO, TX (April 23, 2026) – Keurig Dr Pepper Inc. (NASDAQ: KDP) today reported results for the first quarter of 2026 and reaffirmed its full year guidance.

ue to the impact of cost pressures, the volume/mix decline, and increased marketing. These factors were partially offset by net price realization and productivity savings. 2026 Guidance The 2026 guidance provided below is presented on a constant currency, non-GAAP basis. The Company does not provide reconciliations of such forward-looking non-GAAP measures to

These forward-looking statements include those preceded by, followed by or that include the words such as "outlook," "guidance," "anticipate," "enable," "expect," "believe," "could," "confident," "estimate," "feel," "continue," "ongoing," "forecast," "intend," "may," "on track," "plan," "positioned," "

ntee its other senior indebtedness, which guarantees will terminate upon the previously announced separation of the Company’s coffee and beverage businesses (the “Separation”). We expect JDE Peet’s to guarantee the Notes following the closing of the JDE Peet’s Acquisition. Following the Separation, the Notes will be guaranteed by the Issuer’s subsidiaries that

ations of, or obligations guaranteed by a Participating Member State having a rating of Baa3 or better by Moody’s or BBB- or better by S&P (in each case, with a stable or better outlook), or carrying an equivalent rating by an internationally recognized rating agency if both of the two named rating agencies cease publishing ratings of investments for the payme

se of any Substitute Rating Agency) by S&P (or any Substitute Rating Agency), or one of those ratings if rated by only one Interest Rate Rating Agency, with a stable or positive outlook. 47 (k) If the interest rate payable on any series of Notes is increased pursuant to this Section 8.

ntee its other senior indebtedness, which guarantees will terminate upon the previously announced separation of the Company’s coffee and beverage businesses (the “Separation”). We expect JDE Peet’s N.V. (“JDE Peet’s”) to guarantee the Notes following the closing of the Company’s previously announced acquisition of JDE Peet’s (the “JDE Peet’s Acquisition”).

ccurred and be continuing, or would result from this Amendment or the transactions contemplated hereby, that would, as of the Amendment Effective Date, constitute a Default. 7. Reaffirmations . Each Borrower and each Guarantor expressly acknowledges that it has reviewed and consents to the terms and conditions of this Amendment and the transactions contemplate

of this Amendment and the transactions contemplated hereby and by the Amended Credit Agreement. As of the Amendment Effective Date, each Guarantor (other than Maple) hereby (i) reaffirms its guarantee of the Guaranteed Obligations (as defined in the Guaranty) under the terms and conditions of the Guaranty and (ii) agrees that such guarantee remains in full for

s thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment and that such guarantee is hereby ratified, reaffirmed, and confirmed. 8. Effect of the Amendment . Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of,