Keurig Dr Pepper and Nestlé USA Extend Strategic Partnership

Keurig Dr Pepper (KDP) and Nestlé USA announced on April 21, 2026 an extended strategic partnership to renew and expand the manufacturing and distribution of Starbucks K-Cup pods across the U.S. and Canada.

Rhea-AI Summary

Keurig Dr Pepper (KDP) and Nestlé USA announced on April 21, 2026 an extended strategic partnership to renew and expand the manufacturing and distribution of Starbucks K-Cup pods across the U.S. and Canada.

The agreement builds on a collaboration begun in 2020 and adds programs to expand distribution and product innovation for Starbucks at‑home coffee on the Keurig brewing platform.

Argus Apr 21 session

-0.23% close to close Open Argus

Details

News Market Reaction – KDP

On Apr 21, the day this news came out, KDP closed 0.23% below the previous close.

Data tracked by StockTitan Argus for the Apr 21 session.

Key Figures

Original Nestlé partnership year: 2020 Agreement announcement date: April 21, 2026

Original Nestlé partnership year

2020

Initial collaboration with Nestlé for Starbucks K‑Cup pods

Agreement announcement date

April 21, 2026

Date of extended Starbucks K‑Cup partnership press release

Historical Context

5 past events · Latest: Apr 13

5 events

1. Apr 13

   Post-closing tender

   24h Move

   -0.1%

   Post-closing tenders lift KDP’s JDE Peet’s stake to about 97.75%.

2. Apr 01

   Major acquisition

   24h Move

   -2.4%

   KDP acquires 96.22% of JDE Peet’s and sets up Global Coffee Co.

3. Mar 27

   Offer unconditional

   24h Move

   +0.8%

   Offer for JDE Peet’s declared unconditional with 96.22% shares tendered.

4. Mar 26

   Earnings date set

   24h Move

   -0.1%

   KDP schedules Q1 2026 earnings release and investor conference call.

5. Feb 24

   Earnings and outlook

   24h Move

   +4.2%

   Reports 2025 growth and issues 2026 guidance including JDE Peet’s impact.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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New agreement advances collaboration for Starbucks K-Cup pods in North America

BURLINGTON, Mass., FRISCO, Texas, and ARLINGTON, Va., April 21, 2026 /PRNewswire/ -- Keurig Dr Pepper (KDP) and Nestlé USA (Nestlé) today announced an extended agreement renewing and expanding their strategic partnership, including the manufacturing and distribution of Starbucks® K-Cup® pods in the U.S. and Canada.  

The agreement builds on the collaboration first established with Nestlé in 2020 and includes new programs focused on expanding distribution and innovation for the Starbucks brand in the Keurig® brewing system. Under Nestlé's global agreement with Starbucks for consumer packaged goods, Nestlé is responsible for the distribution of Starbucks at‑home coffee platforms into grocery and other retail channels outside of Starbucks coffeehouses, excluding ready-to-drink products. With premium Arabica coffee sourced and roasted by Starbucks, consumers can enjoy a range of signature blends, roasts, and flavored coffees—hot or iced—through Starbucks K‑Cup pods.

"Keurig's leading single‑serve coffee platform is built on great brands and strong partnerships," said Olivier Lemire, President, U.S. Coffee at Keurig Dr Pepper. "We look forward to deepening our relationship with Nestlé to build upon our long‑standing partnership with Starbucks, one of the most beloved brands within the Keurig system. As our coffee business evolves, our partners' continued trust reinforces the strength of our innovation, manufacturing and commercial expertise and our ability to deliver long-term value together."

"The Keurig system is an important platform for our Starbucks at-home portfolio and we are pleased to renew our agreement, as we look to build upon our K-Cup pod innovation and offerings for consumers," said Daniel Jhung, President of Nestlé USA Coffee & Beverage Division.

About Keurig Dr Pepper 
Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company with more than 150 owned, licensed and partner brands that meet a wide range of needs and occasions. Our North American refreshment beverage business holds leadership positions across carbonated soft drinks, water, juice and mixers with a portfolio of iconic brands such as Dr Pepper®, Canada Dry®, Mott's®, A&W®, Peñafiel®, GHOST®, 7UP®, Snapple®, Clamato® and Core Hydration®. Our global coffee business spans more than 100 markets and includes the leading Keurig® single‑serve brewing system in the U.S. and Canada, along with powerhouse brands such as Peet's, L'OR and Jacobs, and other regional coffee leaders. Our more than 50,000 employees aim to enhance the experience of every beverage and coffee occasion while making a positive impact for people, communities and the planet. Learn more at www.keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram.   

About Nestlé USA
Nestlé USA is committed to unlocking the power of food and beverages to enhance quality of life for everyone, today and for generations to come. The company's food and beverage portfolio includes some of the most recognizable brands in the United States, including Coffee mate, DiGiorno, Nescafé and Nestlé Toll House. Nestlé USA is part of Nestlé S.A., headquartered in Vevey, Switzerland — the world's largest food and beverage company, which has been named among "The World's Most Admired Food Companies" by Fortune magazine for more than 25 consecutive years. For more information, visit nestleusa.com.  

Contacts:

Investors:

Keurig Dr Pepper 
Investor Relations
T: 888-340-5287 / IR@kdrp.com 

Media:

Keurig Dr Pepper
Katie Gilroy
T: 781-418-3345 / katie.gilroy@kdrp.com

Nestlé USA
Maddie Ruberg
T: 571-457-3884 / madeline.ruberg@us.nestle.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/keurig-dr-pepper-and-nestle-usa-extend-strategic-partnership-302747879.html

SOURCE Keurig Dr Pepper

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did KDP and Nestlé announce on April 21, 2026 about Starbucks K-Cup pods?

They announced an extended agreement renewing and expanding collaboration on Starbucks K-Cup pods in North America. According to the company, the pact covers manufacturing and distribution in the U.S. and Canada and builds on the partnership first established in 2020.

How does the KDP–Nestlé extension affect Starbucks at-home coffee distribution (KDP)?

It expands distribution and innovation for Starbucks K-Cup pods across grocery and retail channels. According to the company, Nestlé remains responsible for Starbucks at‑home distribution into grocery and other retail outside Starbucks coffeehouses.

Will Starbucks continue to source and roast coffee for K-Cup pods under the KDP deal?

Yes, Starbucks will continue supplying premium Arabica coffee for K-Cup pods used in the Keurig system. According to the company, consumers will access Starbucks‑sourced and roasted blends, roasts, and flavored coffees hot or iced.

Does the April 21, 2026 agreement change who manufactures Starbucks K-Cup pods for KDP (symbol KDP)?

The agreement renews and expands manufacturing and distribution arrangements for Starbucks K-Cup pods in North America. According to the company, the extension builds on existing manufacturing collaboration and adds new programs for product innovation and distribution.

What strategic benefits did KDP cite for renewing the Nestlé partnership (KDP)?

KDP said the renewal reinforces its single‑serve platform and partner trust while supporting innovation and commercial expertise. According to the company, the partnership aims to deepen relationships and deliver long‑term value through expanded Starbucks offerings on Keurig.