Global beverage manufacturer Keurig Dr Pepper (KDP) reported a strong performance in the third quarter of 2025, with net sales increasing by 10.7% to £3.2bn.

KDP’s adjusted operating income grew by 3.8% to around £0.82bn and amounted to 25.3% of the total net sales. The business revised its forecasts and raised its financial guidance for the full-year.

The business expects net sales growth in the high-single-digit range for fiscal 2025, up from the previous mid-single-digit growth forecast.

Tim Cofer, chief executive of KDP said: “We are pleased with our third-quarter results, which demonstrated robust growth in US refreshment beverages and encouraging sequential progress in US coffee.

“Strong innovation and in-market execution drove market share gains across key categories, with sales momentum, along with disciplined actions to offset inflationary pressures, contributing to solid earnings and free cash flow growth.

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He added: “We are focused on sustaining our base business strength while also thoughtfully preparing for the transformation ahead as we first acquire and integrate JDE Peet’s and subsequently separate into two advantaged pure-play companies.”

The company has secured funding to complete its acquisition of JDE Peet’s, with £5.26bn raised for its transformation plan.

Following the acquisition, the business plans to separate into two companies that focus on the coffee chain and beverage brand.

Cofer continued: “We have a proven track record of value creation in beverages, and our board and management team have conviction in the merits of the planned transaction and subsequent creation of two winning companies, a global coffee powerhouse and the most agile North American beverage leader.

“We are confident this transaction positions KDP to generate significant shareholder value, and we have robust plans to deliver with success.”