Keurig Dr Pepper Inc (KDP)

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Dr Pepper Snapple beats by $0.05, beats on revenue

Oct 22 2015, 08:06 ET | About: Dr Pepper Snapple Group, ... (DPS) | By: Jignesh Mehta, SA News Editor

Dr Pepper Snapple (NYSE:DPS): Q3 EPS of $1.08 beats by $0.05.

Revenue of $1.63B (+3.2% Y/Y) beats by $30M.

Press Release

http://seekingalpha.com/news/2847936-dr-pepper-snapple-beats-by-0_05-beats-on-revenue?uprof=45#email_link


Dr Pepper Snapple Group Reports Third Quarter 2015 Results
Thu October 22, 2015 8:00 AM|PR Newswire | About: DPS

PLANO, Texas, Oct. 22, 2015 /PRNewswire/ -- Dr Pepper Snapple Group, Inc. (DPS) reported third quarter 2015 EPS of $1.05 compared to $0.96 in the prior year period. Core EPS were $1.08, up 10%, compared to $0.98 in the prior year period. Year-to-date, the company reported earnings of $3.00 per diluted share compared to $2.79 per share in the prior year period. Core EPS were $3.02, up 9%, compared to $2.77 in the prior year period.

For the quarter, reported net sales increased 3% on a 3% increase in sales volumes, favorable product and package mix and price increases. This was partially offset by 2 percentage points of unfavorable foreign currency translation and higher discounts primarily related to our fountain foodservice business. Reported segment operating profit (SOP) increased 8%, or $30 million, on net sales growth, lower commodity costs and ongoing productivity improvements, partially offset by increases in certain operating costs and 2 percentage points of unfavorable foreign currency translation.

Reported income from operations for the quarter was $337 million, including $9 million in unrealized commodity mark-to-market losses. Reported income from operations was $316 million in the prior year period, including $2 million in unrealized commodity mark-to-market losses. Core income from operations for the quarter was $347 million, up 9%, or 21.3% of net sales compared to 20.1% in the prior year period.

Year-to-date, reported net sales increased 3%, and reported income from operations was $976 million, including $5 million of unrealized commodity mark-to-market losses. Foreign currency translation negatively impacted reported net sales and reported income from operations by 2%. Reported income from operations was $924 million in the prior year period, including $10 million of unrealized commodity mark-to-market gains. Core income from operations year-to-date was $983 million, up 8%, or 20.8% of net sales compared to 19.8% in the prior year period.

DPS President and CEO Larry Young said, "We posted yet another quarter of solid top-line and bottom-line results, with both our CSD and non-carbonated beverage portfolios performing well."

Young continued, "We gained both dollar and volume share in the CSD and shelf-stable juice categories in Nielsen measured markets, and we're seeing financial benefits from our marketing investments and innovation. Rapid Continuous Improvement (RCI) continues to underpin how we operate on a daily basis, and we have a long runway of further improvement opportunities."

More...

http://seekingalpha.com/pr/15076646-dr-pepper-snapple-group-reports-third-quarter-2015-results