Keurig Dr Pepper Reports Strong Earnings While PepsiCo Falters as Tariffs Loom

PepsiCo warned about increased supply chain costs, forecasting earnings per share to fall by 3 percent this year.

Boxes of Green Mountain Keurig coffee K-Cup pods are seen on display at a Target store in the Flatbush neighborhood of the Brooklyn borough in New York on Sept. 10, 2024. Michael M. Santiago/Getty Images

Keurig Dr Pepper saw net sales of $3.64 billion in the first quarter—a 4.8 percent increase from the first quarter of 2024—the company said in an April 24 statement. Diluted earnings per share (EPS) rose by 15.2 percent, to $0.38.

In its 2025 guidance, the company said it expects net sales to rise by a mid-single-digit range, with EPS growing in a high-single-digit range.