Dr Pepper Snapple Group Posts 2Q Profit

Dr Pepper Snapple Group Inc. on Wednesday reported second-quarter profit of $260 million.

Mnet 151439 Dr Pepper Snapple Group Logo Listing
Mnet 151440 Dr Pepper Snapple Group Logo Listing

PLANO, Texas (AP) — Dr Pepper Snapple Group Inc. (DPS) on Wednesday reported second-quarter profit of $260 million.

On a per-share basis, the Plano, Texas-based company said it had net income of $1.39. Earnings, adjusted for non-recurring gains, were $1.25 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The maker of beverages such as 7Up, Sunkist and Mott's posted revenue of $1.7 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.69 billion.

Dr Pepper Snapple Group expects full-year earnings in the range of $4.27 to $4.35 per share.

Dr Pepper Snapple Group shares have increased slightly more than 4 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 6 percent. The stock has climbed 25 percent in the last 12 months.

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