Keurig Dr Pepper is trading 4.13% down at $35.30 after Q3 results showed gross margin fell to 48%. - Results were reported before market opened on November 3, 2026; adjusted EPS of $0.66 and sales of $7.34 billion beat analysts’ estimates. - Gross margin was 54.3% a year earlier; management cited revised U.S. Coffee expectations and reaffirmed 2026 guidance. - Broader pre-market trading was mixed; evidence pointed more directly to investors’ response to earnings details than to a clear market-wide move.