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Investing.com -- JDE Peet’s (EURONEXT:JDEP), the world’s leading pure-play coffee company, reported Monday that its strategic and productivity initiatives launched in July are progressing well, while confirming its outlook for 2025.
The company has completed the full integration of its U.S. capsules business into Peet’s following the discontinuation of the L’OR Barista roll-out in the U.S. Peet’s is also transitioning from Direct Store Delivery to direct central distribution in the U.S., with completion expected by the end of the first half of 2026.
As part of its optimization efforts, JDE Peet’s has exited its low-margin Food Ingredients business in Asia and announced two additional plant closures in northeastern Brazil and northeastern U.S. The company is also rationalizing its brand portfolio, with 15 long-tail brands transitioning over the next six months.
JDE Peet’s reported that its third-quarter performance was broadly in line with company expectations, reflecting the impact of anticipated retailer negotiations and customer pre-buying in the first half of the year. The company remains on track to achieve its 2025 outlook as outlined in its first-half results announcement.
Green coffee prices continue to be significantly elevated compared to previous years and are increasingly volatile, according to the company. JDE Peet’s noted that disciplined pricing and cost control are supporting gross profit and adjusted EBIT.
Approximately 96% of the second wave of global price negotiations, which began in July, have been completed.
The company terminated its share buyback program on September 1.
Regarding the Keurig Dr Pepper transaction, JDE Peet’s has submitted regulatory anti-trust filing in the U.S. and received positive advice from its Dutch Works Council. The closing of the transaction is still expected to occur in the first half of 2026, subject to satisfaction or waiver of customary conditions.
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