Torres will lead the integration of KDP and JDE Peet’s coffee operations as the companies prepare to create a standalone global coffee business in 2027.
KDP’s refreshment beverages and international businesses delivered strong growth, while weaker US coffee performance remained a drag on profitability during the quarter.
Keurig Dr Pepper’s latest report shows younger consumers are reshaping beverage choices through identity, mood-driven consumption and digital influence.
Keurig Dr Pepper posts strong Q1 growth driven by beverages, while coffee segment faces headwinds from weaker demand and rising costs.
Keurig Dr Pepper has acquired a majority stake in JDE Peet’s, paving the way for a standalone global coffee business and future corporate separation.