Keurig Dr Pepper Inc. (NASDAQ: KDP) shares rose more than 6% in intra-day trading on Monday after the beverage company reported third-quarter results that met profit expectations and exceeded revenue forecasts, prompting management to lift its full-year sales guidance.

The company posted adjusted earnings of $0.54 per share, in line with analyst estimates. Revenue increased 10.7% year-over-year to $4.31 billion, surpassing the consensus forecast of $4.15 billion. The strong results were driven by solid momentum in the U.S. Refreshment Beverages segment and improving performance in the U.S. Coffee business.

KDP raised its fiscal 2025 constant currency net sales growth outlook to a high-single-digit range, up from its prior mid-single-digit projection, while reaffirming its high-single-digit adjusted EPS growth guidance.

The U.S. Refreshment Beverages unit posted a 14.4% increase in net sales to $2.7 billion, supported by 11.2% volume/mix growth and a 3.2% gain from favorable pricing. The acquisition of GHOST contributed 7.2 percentage points to the volume/mix increase.

Meanwhile, the U.S. Coffee segment reported a 1.5% increase in net sales to $991 million, as 5.5% positive price realization offset a 4.0% decline in volume/mix. The International segment saw a 10.5% rise in net sales to $580 million, with constant currency growth of 10.1%.