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 decreased by 35.4% year-over-year, from $1.65B to $1.07B.

What is the long-term trend for Keurig Dr Pepper's u.s. refreshment beverages — cost of sales?

Over 2 years (2021 to 2023), Keurig Dr Pepper's u.s. refreshment beverages — cost of sales has grown at a 8.6% compound annual growth rate (CAGR), from $5.71B to $6.73B.

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.

Business Segments · Cost of Sales

U.S. Refreshment Beverages — Cost of Sales

Keurig Dr Pepper U.S. Refreshment Beverages — Cost of Sales decreased by 43.2% to $1.07B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 35.4%, from $1.65B to $1.07B. Over 2 years (FY 2021 to FY 2023), U.S. Refreshment Beverages — Cost of Sales shows an upward trend with a 8.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ3 2017

Last reportedQ1 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

27 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q1 '24	Q2 '24	Q2 '24	Q3 '24	Q3 '24	Q4 '24	Q1 '25	Q1 '25	Q2 '25	Q2 '25	Q3 '25	Q3 '25	Q4 '25	Q1 '26	Q1 '26
Value	$1.37B	$1.42B	$1.62B	$1.43B	$1.78B	$1.72B	$1.81B	$1.61B	$1.75B	$1.69B	$1.68B	$1.53B	$800.00M	$1.75B	$950.00M	$1.75B	$946.00M	$1.79B	$1.65B	$937.00M	$1.91B	$1.10B	$1.97B	$1.12B	$2.08B	$1.88B	$1.07B
QoQ Change	—	+3.3%	+14.4%	-11.8%	+24.5%	-3.2%	+5.0%	-11.0%	+8.6%	-3.1%	-0.6%	-9.2%	-47.6%	+118.8%	-45.7%	+84.3%	-46.0%	+89.5%	-8.0%	-43.2%	+103.6%	-42.4%	+78.9%	-43.0%	+85.7%	-9.7%	-43.2%
YoY Change	—	—	—	—	+29.8%	+21.6%	+11.6%	+12.7%	-1.7%	-1.6%	-6.9%	-5.0%	-50.3%	+0.1%	-45.7%	+3.4%	-44.2%	+6.5%	+8.0%	-38.7%	+9.0%	-37.2%	+12.3%	-36.0%	+16.0%	+13.8%	-35.4%

Range$800.00M – $2.08B

CAGR-3.8%

Avg YoY Growth-6.9%

Median YoY Growth+0.1%

Current Streak2 quarters decline

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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 decreased by 35.4% year-over-year, from $1.65B to $1.07B.
What is the long-term trend for Keurig Dr Pepper's u.s. refreshment beverages — cost of sales?: Over 2 years (2021 to 2023), Keurig Dr Pepper's u.s. refreshment beverages — cost of sales has grown at a 8.6% compound annual growth rate (CAGR), from $5.71B to $6.73B.
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.