What move does the options market price into Keurig Dr Pepper's report?

Implied ±4.0%, either direction.

How often does Keurig Dr Pepper move more than the options market prices?

3 of the last 7 reports moved at least as far as the implied move.

KDPNasdaqBeverages

Keurig Dr Pepper Inc. (KDP) earnings date, market-implied expected move, and options open interest by expiry

35.85

Closed19:53 ET

Open36.09Volume32.6MMkt cap$48.8BP/E36.21EPS0.99Div yield2.57%

Day35.68 – 36.3924%52-wk24.52 – 36.1398%

KDP

Keurig Dr Pepper Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±4.0%implied · report alone

8Q avg ±3.8%·×1.06·fair

34.4137.27

straddle ±5.7%

spot 35.84exp Nov 20ATM strike 36ATM straddle 2.40IV 35%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 9

before open · in 9 days

est.Q3 FY26

Calendar

Next report

Last report

−1.24%

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Linked news

1dAXP · supplierAmerican Express issues $1,500,000,000 5.447% and $1,150,000,000 5.817% notes; $350,000,000 floating
1dV · supplierSecret SantAI? Visa Survey Finds Americans Quietly Turning to AI for Holiday Shopping Help
2dSBUX · customerA Starbucks turnaround is brewing — but perhaps not quickly enough for investors

News

Largest filed tie

13F top-10 QoQ

+10.19%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

852 managers

Top fund weight

2.89%

KDP weight · XLP

N-PORTJun 30 '26

12 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Keurig Dr Pepper (KDP) is expected to report on Nov 9 before open (estimated date).

Implied vs realized

8 reports

3 of 7≥ implied

avg implied: ±4.9%
avg realized: ±4.1%

Oct 24 '24Oct 24 '24confirmed±4.2%▼−4.80%×1.15

Feb 25 '25Feb 25 '25confirmed±5.1%▲+2.40%×0.47

Apr 24 '25Apr 24 '25confirmed±3.6%▼−2.07%×0.57

Jul 24 '25Jul 24 '25confirmed±3.1%▲+0.21%×0.07

Q3 FY25Oct 27 '25confirmed±6.8%▲+7.62%×1.11

Feb 24 '26Feb 24 '26confirmed±4.7%▲+4.23%×0.89

Q1 FY26Apr 23 '26confirmed±6.4%▲+7.50%×1.18

Q2 FY26Aug 6 '26confirmed—▼−1.24%—

quarterimplied−10%0+10%realized×

Q2 FY26—▼−1.24%—

Q1 FY26±6.4%▲+7.50%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 5 expiries · Oct 29 close

0.14OI · 5 expiries · Oct 29 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1,146+1%Nov 2020d7,9780%

2,3820%Dec 1848d0.1912,2450%0.19

5,7440%Jan 1576d0.5610,1840%0.56

985+1%Mar 19139d0.492,0050%0.49

137+4%Apr 16167d0.052,880+1%0.05

ExpiryPutsCallsP/C

Nov 2020d1,146+1%7,9780%0.14

Dec 1848d2,3820%12,2450%0.19

Jan 1576d5,7440%10,1840%0.56

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±5.7%

Funds 4

XLP±0.2%

GLO±0.1%

JEPI±0.0%

QQQ±0.0%

Suppliers 1

BUD±1.7%×0.30

Customers 3

SJM±2.6%×0.45

PEP±2.4%×0.42

JJSF±2.0%×0.35

Dashed = straddle · × = co-movement · max 500dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

2.87%as filednet margin · revenue +83.83% QoQ · +75.57% YoY

Revenue

$7.3B+83.83% QoQ

Gross profit

$3.1B+46.14% QoQ

41.95% margin

Operating income

$628M−16.93% QoQ

8.59% margin

Pre-tax income

$305M−14.57% QoQ

Net income

$210M−22.22% QoQ

2.87% margin

Cost of revenue

$4.2B+125.93% QoQ

Operating expenses

$2.4B+81.67% QoQ

SG&A $2.4B

Other operating $41M

Other expense

$323M

Tax

$95M+9.20% QoQ

Revenue$7.3B+83.83%

Gross profit

$3.1B+46.14%

41.95% margin

Operating income

$628M−16.93%

8.59% margin

Pre-tax income

$305M−14.57%

Net income

$210M−22.22%

2.87% margin

Cost of revenue

$4.2B+125.93%

Operating expenses

$2.4B+81.67%

SG&A $2.4B

Other operating $41M

Other expense

$323M

Tax$95M+9.20%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

PPI ×1.45· ±1.5% vs ±1.0% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.5%5 of 10×1.45

CPROFcorporate profits±1.5%6 of 12×1.40

NFPjobs report±1.4%5 of 10×1.31

FOMCrate decision±1.3%11 of 24×1.27

GDPgross domestic product±1.2%11 of 19×1.17

PCEpersonal income & outlays±1.1%10 of 19×1.06

CPIconsumer prices±1.0%6 of 10×0.96

Bar = avg |move| to ±2% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS 0.04 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	0.04	—
Q1 FY26	Apr 23 '26 · confirmed	0.20	—
Q3 FY25	Oct 27 '25 · confirmed	0.49	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod