Keurig Dr Pepper rises on sales forecast lift, $7 billion funding for JDE Peet's deal

Shares of beverage company Keurig Dr Pepper up about 5% at $28.56

Co raises annual sales forecast, betting on resilient demand for its energy drinks and carbonated soft beverages in the U.S., as well as international markets

Expects fiscal 2025 constant currency net sales growth in high-single-digit range vs mid-single-digit growth outlook previously

Secures about $7 billion investment from PE giants KKR and Apollo Global to finance its purchase of Dutch coffee giant JDE Peet's

KDP reports Q3 revenue above estimates and adjusted EPS in line with expectations

As of last close, KDP down 15.4% YTD