Keurig Dr Pepper logged higher sales in the second quarter and said it continues work to separate into two companies, including a pure-play coffee company that includes Peet's and Keurig, as well as a refreshment-beverages company.

The beverage company posted a profit attributable to common shareholders of $60 million, or 4 cents a share, compared with $547 million, or 40 cents a share, a year earlier.

Stripping out one-time items, earnings were 57 cents a share. Analysts polled by FactSet expected adjusted earnings of 54 cents a share.

Net sales jumped 75% to $7.31 billion, ahead of Wall Street models for $7.23 billion.

The company's U.S. refreshment-beverage segment saw net sales increase 10% to $2.9 billion, driven by volume and mix growth of 6.5% and favorable net price realization of 3.5%. Sales across the company's international unit climbed 20% to $664 million.

JDE Peet's logged net sales of $2.8 billion, which Chief Executive Tom Cofer said helped balance out pressures facing the company's U.S. coffee segment. The business notched net sales of $918 million, down 3.2% from last year, as volume and mix declines outweighed higher prices.

Keurig Dr Pepper struck a deal to buy Peet's Coffee owner JDE Peet's for $18 billion last year, a prelude to spinning off its coffee brands into a separate public company. Cofer said the company made meaningful progress on its integration and separation work during the recent quarter.

"At the midpoint of the year, we remain on track to achieve our 2026 financial and transformation commitments while preparing for a successful separation in early 2027," he said."

For the year, Keurig Dr Pepper continues to expect constant-currency adjusted earnings-per-share growth in the low double digits, as well as net sales between $25.9 billion and $26.4 billion.