Skip to main content

Keurig Dr Pepper Inc.

For the period ended Sep 30, 2026. Filed Nov 9, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 9, 2026

KDP$36.94+0.8%Stored close · as of Nov 9, 2026

What changed in Risk Factors?

Read the current filing

Previous report: 10-Q

Period ended 2026-06-30; filed 2026-08-10.

0001418135-26-000051

Item 1A. Risk Factors

Current report: 10-Q

Period ended 2026-09-30; filed 2026-11-09.

0001418135-26-000066

Item 1A. Risk Factors

The baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.

Compared 235 previous paragraphs and 2 current paragraphs.

1 unchanged; 1 reworded; 0 added; 233 removed; 0 previous and 0 current paragraphs rearranged.

Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.

A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.

Removed paragraphs (233)

Previous report

RISK FACTORS SUMMARY

Previous report

•Disruption of our manufacturing and distribution operations or supply chain, including increased input costs, may adversely affect our financial condition or results of operations.

Previous report

•We operate in highly competitive categories, and any inability to compete effectively could adversely impact our business.

Previous report

•We may not effectively respond to changing consumer preferences and shopping behavior, which could impact our financial results.

Previous report

•Concerns about the safety, quality, or health effects of our products could negatively affect our business.

Previous report

•Damage to our reputation or brand image can adversely affect our business.

Previous report

•If we do not successfully manage our acquisitions of and investments in new businesses or brands, our operating results may be adversely affected.

Previous report

•Failure to realize benefits or successfully manage the potential negative consequences of our productivity initiatives can adversely affect our financial performance.

Previous report

•Our facilities and operations may require substantial investment and upgrading, and such investments may not achieve the intended financial benefits.

Previous report

•We depend on key information systems, and our use of information technology exposes us to business disruptions that could adversely affect us.

Previous report

•Our intellectual property rights could be infringed or we could infringe the intellectual property rights of others, and adverse events regarding licensed intellectual property could harm our business.

Previous report

•Failure to attract, retain, develop and motivate a highly skilled and diverse workforce, or failure to effectively manage changes in our workforce could significantly impact our operations.

Previous report

•We may not be able to renew collective bargaining agreements on satisfactory terms, or we could experience union activity, including new unionization, labor disputes, or work stoppages.

Previous report

•Increases in our cost of employee benefits in the future could reduce our profitability.

Previous report

•A significant interruption at one of our production facilities could disrupt our supply of the affected products.

Previous report

•Our efforts to secure an adequate supply of quality or sustainable coffee may be unsuccessful.

Previous report

•If we are unable to manage our inventory and forecasting systems effectively, our business, financial condition, or results of operations could be adversely affected.

Previous report

•We negotiate with our suppliers to optimize our terms and conditions, including payment terms, and reductions in our payment terms with our suppliers could adversely affect our liquidity.

Previous report

•An impairment of the value of our goodwill and other indefinite lived intangible assets could have a material adverse effect on our financial statements.

Previous report

•We depend on third-party bottling and distribution companies for a significant portion of our business.

Previous report

•Changes in the retail landscape or in sales to any key customer can adversely affect our business.

Previous report

•Failure to maintain strategic relationships with brand owners, operators and private label brands, including through licensing and distribution agreements, could adversely impact our future growth and business, potentially resulting in the termination of those agreements.

Previous report

•Equity method investments are managed independently of us and may have different interests than we do. Their decisions could impact our financial performance.

Previous report

•The use of information technology by our third-party commercial partners and service providers exposes us to business disruptions or other negative impacts that could adversely affect us.

Previous report

•We rely on the performance of a limited number of suppliers, manufacturers and order fulfillment companies for our brewers and coffee machines, beverage concentrates, and syrups.

Previous report

•Our financial results may be negatively impacted by unfavorable economic and geopolitical conditions.

Previous report

•National and international laws and regulations could adversely affect our business.

Previous report

•Litigation or legal proceedings could expose us to significant liabilities and damage our reputation.

Previous report

•Increased concerns related to the use or disposal of plastics or other packaging materials can adversely affect our business and financial performance.

Previous report

•Significant additional labeling or warning requirements or limitations on the marketing or sale of our products may inhibit sales of affected products.

Previous report

•Our use of information technology and third-party service providers exposes us to cybersecurity breaches and other business disruptions that could adversely affect us.

Previous report

•Failure to comply with personal data protection and privacy laws can adversely affect our business.

Previous report

•Climate change or related legislation could adversely affect our business.

Previous report

•Water scarcity and quality could adversely affect our business.

Previous report

•Fluctuations in our effective tax rate may result in volatility in our financial results.

Previous report

•Fluctuations in foreign currency exchange rates relative to the U.S. dollar could have a material adverse effect on our financial results.

Previous report

•The market price of our common stock may decline if we do not achieve the expected benefits and synergies of the JDE Peet’s Acquisition.

Previous report

•Legal proceedings in connection with the JDE Peet's Acquisition could expose us to substantial costs.

Previous report

•If our due diligence investigation of JDE Peet's was inadequate, or if unexpected risks related to JDE Peet's and its business materialize, it could have a material adverse effect on our business.

Previous report

•The JDE Peet's Acquisition exposes us to inherent risks in JDE Peet's business and those geographies where JDE Peet's currently operates, which could adversely affect our business.

Showing the first 40 of 233 passages. Open the source sections for the rest.

Reworded paragraphs (1)

Previous wording

In addition to other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the following risk factors, which have been updated from the risk factors set forth in Part I, Item 1A in our Annual Report.

Current wording

In addition to other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risks and uncertainties discussed in Part II, Item 1A in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 and in Part I, Item 1A in our Annual Report. There have been no material changes from the risk factors set forth in our Annual Report, as updated by Part II, Item 1A in that Quarterly Report.