09:05 AM EDT, 10/27/2025 (MT Newswires) -- Keurig Dr Pepper ( KDP ) raised its full-year sales growth outlook on Monday, while the beverage company said it secured a $7 billion investment from Apollo (APO) and KKR (KKR) to support its planned acquisition of Dutch coffee maker JDE Peet's and subsequent separation into two independent entities.

The company now anticipates sales to rise in the high-single-digit range on a constant currency basis for 2025, compared with its previous projection for a mid-single-digit increase. The current consensus on FactSet is for sales of $16.26 billion for the year. The stock spiked 8.5% in the most recent premarket activity.

Keurig Dr Pepper ( KDP ) continues to expect high-single-digit growth in per-share adjusted earnings, while the Street is looking for $2.04. Foreign exchange is set to be a headwind of 0.5% on sales and earnings, the company said.

In August, the company agreed to acquire JDE Peet's in an all-cash deal worth about 15.7 billion euros ($18.28 billion), and later separate into two independent entities, one focusing on its refreshment beverages portfolio and the other working as a pure-play coffee company.

In a separate statement Monday, Keurig Dr Pepper ( KDP ) announced two investment agreements totaling $7 billion, co-led by funds managed by affiliates of Apollo and funds and accounts managed by KKR. The investment includes a $4 billion commitment for a newly formed K-Cup coffee pod manufacturing joint venture, as well as a $3 billion stock investment in Keurig Dr Pepper ( KDP ) and its beverage unit planned to be spun off.

The company estimates the investment to be accretive to adjusted EPS by about 10% in the first full year. "We are confident this transaction positions KDP to generate significant shareholder value, and we have robust plans to deliver with success," Chief Executive Tim Cofer said in the statement.

For the three months through September, the company posted adjusted EPS of $0.54, meeting the market view, up from $0.51 the year before. Sales climbed 11% to $4.31 billion, surpassing the Street's forecast for $4.15 billion. On constant currency terms, sales also rose 11% amid volume and pricing gains.

"We are pleased with our third quarter results, which demonstrated robust growth in US refreshment beverages and encouraging sequential progress in US coffee," Cofer said in the earnings release. "Strong innovation and in-market execution drove market share gains across key categories, with sales momentum, along with disciplined actions to offset inflationary pressures, contributing to solid earnings and free cash flow growth."

Sales in the US refreshment beverages segment jumped 14% to $2.74 billion, boosted by double-digit volume growth and favorable net price realization of 3.2%. Revenue in the US coffee division increased 1.5% to $991 million, with a favorable net price realization of 5.5% offset by a 4% decline in volume and mix. International sales climbed 11% to $580 million.