Keurig Dr Pepper Inc (KDP)

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Dr Pepper Snapple beats by $0.05, beats on revenue

Apr 23 2015, 08:02 ET | About: Dr Pepper Snapple Group... (DPS) | By: Niloofer Shaikh, SA News Editor

Dr Pepper Snapple (NYSE:DPS): Q1 EPS of $0.81 beats by $0.05.
Revenue of $1.45B (+3.6% Y/Y) beats by $30M.
Press Release

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Dr Pepper Snapple Group Reports First Quarter 2015 Results
Thu April 23, 2015 8:00 AM|Business Wire | About: DPS

Reported EPS were $0.81 for the quarter. Core EPS were $0.81 for the quarter, up 9%.

Net sales increased 4% for the quarter.

Year-to-date, the company returned $214 million to shareholders.

PLANO, Texas--(BUSINESS WIRE)-- Dr Pepper Snapple Group, Inc. (DPS) reported first quarter 2015 EPS of $0.81 compared to $0.78 in the prior year period, an increase of 4%. Core EPS were also $0.81, compared to $0.74 in the prior year, an increase of 9%.

For the quarter, reported net sales increased 4%, as a sales volume increase of 2% and favorable segment and product mix were partially offset by 1 percentage point of unfavorable foreign currency translation. Reported segment operating profit (SOP) increased 7%, or $23 million, on net sales growth, ongoing productivity improvements and a planned reduction in marketing investments. On a currency neutral basis, SOP increased 10%.

Reported income from operations for the quarter was $270 million, up 4% compared to the prior year period, including a $1 million unrealized commodity mark-to-market loss. Reported income from operations was $260 million in the prior year period, including $12 million of unrealized commodity mark-to-market gains. Core income from operations was $271 million, up 9% compared to the prior year period.

DPS President and CEO Larry Young said, We had a strong start to 2015. Our teams continued to persevere though a challenging environment by executing against our key priorities of building our brands with consumers and executing with excellence in the marketplace. We grew both dollar and volume share in CSDs in Nielsen-measured markets, outperforming the category. We expanded distribution and availability across our tea and juice portfolios and launched relevant innovation to address consumers changing needs. Our Rapid Continuous Improvement (RCI) capabilities continue to develop across the organization and are helping to drive top-line growth, and we still have a tremendous amount of runway ahead of us.

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http://seekingalpha.com/pr/13241966-dr-pepper-snapple-group-reports-first-quarter-2015-results