Dr. Pepper Snapple Group - News
Ticker Symbol: DPS
Dr. Pepper Snapple Group News - Past
In their most recent earnings report for the 2009 1Q, Dr. Pepper Snapple posted better-than-expected analysts' expectations. Dr. Pepper Snapple reported EPS of $0.52, compared to an EPS of just $0.38 in the prior year period. Despite a noteworthy decrease in consumer spending, adjusted net sales were up 4% and sales volume increased 5%. Their main carbonated soft drink brands (Dr. Pepper, 7UP, A&W, and Canada Dry) all experienced growth between 1-4%, excluding the Sunkist brand which declined 5%. Volume sales of Crush tripled. In terms of non-carbonated beverages, Hawaiian Punch volume increased 31% while core "premium" brand Snapple decreased 22%.
Dr. Pepper Snapple recently terminated their contract with Hansen Beverage Co. resulting in a one-time gain of over $60 million and a loss in sales. If this event, along with the effects of currency fluctuations, are ignored earnings were only $0.37 per share, down from $0.40 per share this time last year. Net sales were also down 3%.
Dr. Pepper Snapple Group News - Upcoming
Dr. Pepper Snapple predicted their 2009 EPS to be between $1.70-$1.78, excluding various one-time gains.
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