Keurig Dr Pepper shares surged over 2% in premarket trading after the beverage company reported fourth-quarter earnings that exceeded analyst expectations. The company posted adjusted earnings per share of $0.60, beating estimates by $0.01, on revenue of $4.5 billion that surpassed the consensus of $4.36 billion.

For fiscal 2026, Keurig Dr Pepper expects revenue of $25.9-26.4 billion, significantly above Wall Street's forecast of $17.196 billion. The guidance includes anticipated contributions from the pending JDE Peet's acquisition, expected to close in early April. CEO Tim Cofer highlighted the company's strong execution despite a dynamic operating environment.

The company projects low-double-digit adjusted EPS growth for the full year, combining 4-6% growth from its standalone business with JDE Peet's contribution. Fourth-quarter operating income increased 4.8% to $1.19 billion, while the U.S. Refreshment Beverages segment led performance with net sales up 11.5% to $2.7 billion.