What is Keurig Dr Pepper's u.s. refreshment beverages — cost of sales?

Keurig Dr Pepper (KDP) reported u.s. refreshment beverages — cost of sales of $1.07B in Q1 2026.

How has Keurig Dr Pepper's u.s. refreshment beverages — cost of sales changed year-over-year?

Keurig Dr Pepper's u.s. refreshment beverages — cost of sales increased by 13.8% year-over-year, from $937M to $1.07B.

What does u.s. refreshment beverages — cost of sales mean?

The total direct costs incurred to manufacture and deliver the refreshment beverages sold in the U.S.

U.S. Refreshment Beverages — Cost of Sales

Keurig Dr Pepper U.S. Refreshment Beverages — Cost of Sales decreased by 4.8% to $1.07B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.8%, from $937M to $1.07B. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2024

Last reportedQ1 2026Apr 23, 2026

Rolls up toTotal Cost of Revenue

How to read this metric

A decrease relative to sales suggests improved manufacturing efficiency or lower input costs, while an increase may signal inflationary pressures or supply chain inefficiencies.

Detailed definition

This includes the direct costs associated with producing and distributing the U.S. Refreshment Beverages product line, s...

Peer comparison

Standard COGS metric used across the beverage industry to calculate gross margin and operational efficiency.

Metric ID: kdp_segment_u_s_refreshment_beverages_cost_of_sales

Historical Data

7 periods

	Q1 '24	Q2 '24	Q3 '24	Q1 '25	Q2 '25	Q3 '25	Q1 '26
Value	$800M	$950M	$946M	$937M	$1.1B	$1.12B	$1.07B
QoQ Change	—	+18.8%	-0.4%	-1.0%	+17.3%	+1.9%	-4.8%
YoY Change	—	—	—	+17.1%	+15.7%	+18.4%	+13.8%

Range$800M – $1.12B

CAGR+21.1%

Avg YoY Growth+16.2%

Median YoY Growth+16.4%

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Frequently Asked Questions

What is Keurig Dr Pepper's u.s. refreshment beverages — cost of sales?: Keurig Dr Pepper (KDP) reported u.s. refreshment beverages — cost of sales of $1.07B in Q1 2026.
How has Keurig Dr Pepper's u.s. refreshment beverages — cost of sales changed year-over-year?: Keurig Dr Pepper's u.s. refreshment beverages — cost of sales increased by 13.8% year-over-year, from $937M to $1.07B.
What does u.s. refreshment beverages — cost of sales mean?: The total direct costs incurred to manufacture and deliver the refreshment beverages sold in the U.S.