Keurig Dr Pepper Inc (KDP)

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Dr Pepper Snapple beats by $0.04, beats on revenue

Jul 23 2015, 08:04 ET | About: Dr Pepper Snapple Group... (DPS) | By: Niloofer Shaikh, SA News Editor

Dr Pepper Snapple (NYSE:DPS): Q2 EPS of $1.14 beats by $0.04.
Revenue of $1.66B (+1.8% Y/Y) beats by $10M.
Press Release

http://seekingalpha.com/news/2650095-dr-pepper-snapple-beats-by-0_04-beats-on-revenue?uprof=45#email_link


Dr Pepper Snapple Group Reports Second Quarter 2015 Results
Thu July 23, 2015 8:00 AM|PR Newswire | About: DPS

PLANO, Texas, July 23, 2015 /PRNewswire/ -- Dr Pepper Snapple Group, Inc. (DPS) reported second quarter 2015 EPS of $1.14 compared to $1.06 in the prior year period. Core EPS were $1.13, up 7%, compared to $1.06 in the prior year period. Year-to-date, the company reported earnings of $1.95 per diluted share compared to $1.84 per share in the prior year period. Core EPS were $1.94, up 8%, compared to $1.80 in the prior year period.

For the quarter, reported net sales increased 1%, which included favorable product, package and segment mix and a 1% increase in sales volumes, partially offset by 2 percentage points of unfavorable foreign currency translation. Reported segment operating profit (SOP) increased 6%, or $24 million, on net sales growth, ongoing productivity improvements and favorable commodity costs, partially offset by 1 percentage point of unfavorable foreign currency translation.

Reported income from operations for the quarter was $369 million, including $5 million in unrealized commodity mark-to-market gains. Reported income from operations was $348 million in the prior year period. Core income from operations was $365 million, up 5% compared to the prior year period.

Year-to-date, reported net sales increased 3%, and reported income from operations was $639 million, including $4 million of unrealized commodity mark-to-market gains. Foreign currency translation negatively impacted reported net sales by 1% and reported income from operations by 2%. Reported income from operations was $608 million in the prior year period, including $12 million of unrealized commodity mark-to-market gains. Core income from operations was $636 million, up 7% compared to the prior year period.

DPS President and CEO Larry Young said, "We've had a good start to the year, and I'm proud of what our teams have been able to accomplish in this competitive environment. They remained focused on our strategy and continued to deliver against our key priorities. Year-to-date, we grew volume and dollar share in both the CSD and shelf-stable juice categories in Nielsen measured markets and gained or held distribution and availability across our portfolio."

Young continued, "We've brought innovation to the market that addresses consumers' evolving needs, and Rapid Continuous Improvement (RCI) continues to drive growth and productivity across the business. I'm confident that our teams will continue to execute against our plans for the balance of the year."

More...

http://seekingalpha.com/pr/14176295-dr-pepper-snapple-group-reports-second-quarter-2015-results