Dr Pepper Snapple Tops Q2 Earnings

The company stands by its earlier earnings outlook for the year

   

Dr Pepper Snapple Group (NYSE:DPS) announced on Thursday that during the second quarter it earned $178 million, up 3.5% from $172 million in the same period last year.

The drink maker recorded sales of $1.62 billion in the second quarter, up 2% from 2011.

DrPepper1 Dr Pepper Snapple Tops Q2 Earnings
Pepsi to Sponsor Super Bowl XLVII Halftime Show

Adjusted EPS came in at 85 cents. That topped the 82 cents that analysts had forecast, Reuters noted.

Shares of Dr Pepper Snapple Group rose just under 2% in Thursday afternoon trading.

The company, which produces Sunkist, 7-Up and Dr Pepper brand soft drinks, reiterated its previously issued earnings guidance for the year. It expects profits for the year of between $2.90 and $2.98 a share.

Company officials predict revenue to rise toward the lesser end of a range of between 3% to 5% for the year.

Costs are estimated to increase by 2% for 2012, driven by rising commodity and container costs.

Earlier this week, Pepsi (NYSE:PEP) reported second-quarter earnings that fell compared to last year, but still topped Wall Street forecasts.


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/dr-pepper-snapple-tops-q2-earnings/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.