By Nicholas G. Miller

Keurig Dr Pepper reported high fourth-quarter sales, boosted by higher prices.

The beverage company swung to a profit of $353 million, or 26 cents a share, from a loss of $144 million, or 11 cents a share, a year earlier.

Adjusted earnings were 60 cents a share. Analysts polled by FactSet expected 59 cents a share.

Net sales increased 11% to $4.5 billion, beating Wall Street's forecast of $4.36 billion.

The company's U.S. refreshment-beverage segment saw net sales increase 12% to $2.7 billion, driven by volume and mix growth of 7% and favorable net price realization of 4.5%. Meanwhile, the U.S. coffee segment's net sales rose 3.9% to $1.2 billion, as 8% growth in net prices offset a volume and mix decline of 4.1%.

Coffee prices surged last year after adverse weather in top coffee-producing countries hurt supply and President Trump's tariffs increased the cost to import coffee beans.

The company guided for 2026 net sales of $25.9 billion to $26.4 billion and constant-currency adjusted earnings-per-share growth in the low double digits.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

February 24, 2026 07:00 ET (12:00 GMT)

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