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Investing.com -- JDE Peet’s has reaffirmed its 2025 financial guidance in a qualitative trading update, expecting high teen organic sales growth, at least stable adjusted organic EBIT, and free cash flow of approximately €1 billion.
The coffee company reported that its third quarter performance was broadly in line with expectations, reflecting the impact of anticipated retail negotiations and customer prebuying in the first half of the year.
JDE Peet’s noted that approximately 96% of talks with retailers have been completed amid a second wave of global price discussions, while green coffee prices continue to remain volatile.
The company reiterated that its takeover by Keurig Dr. Pepper (NASDAQ:KDP) is still expected to close in the first half of 2026, subject to customary conditions. Regulatory anti-trust filing has been submitted in the United States, and the company has received positive advice from its Dutch Works Council.
KDP is scheduled to report its third quarter results later Monday in the US and will host a Capital Markets Day.
JDE Peet’s also provided updates on its ongoing turnaround initiatives, including the completed integration of US capsules into Peet’s following the termination of a planned L’OR Barista roll-out in the US. The company added that the transition of Peet’s direct store delivery model to central distribution in the US should be completed by the end of the first half of 2026.
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