Keurig Dr Pepper Inc's stock surged 5.67% in pre-market trading following the release of its first-quarter financial results, which exceeded analyst expectations on both earnings and revenue metrics.

The company reported adjusted earnings per share of $0.39, beating the consensus estimate of $0.37. Revenue also came in strong at approximately $3.98 billion to $4.00 billion, surpassing estimates of around $3.84 billion. This represents a 9.4% year-over-year sales increase, primarily driven by double-digit growth in the U.S. cold-beverage portfolio, including strong performance from core brands like Dr Pepper, Snapple, and 7UP.

Additionally, Keurig Dr Pepper reaffirmed its full-year 2026 constant currency net sales and adjusted EPS outlook, maintaining investor confidence. The positive sentiment was further supported by the recent completion of its $18 billion acquisition of JDE Peet's and the company's strategic plans to separate into two pure-play entities focused on coffee and refreshment beverages respectively.