logo
Share SHARE
FONT-SIZE Plus   Neg

Dr Pepper Snapple Group Q1 Profit Down; Reaffirms FY12 Outlook - Quick Facts

Dr Pepper Snapple Group Inc. (DPS) reported that its first quarter net income declined to $102 million, from $114 million in the same quarter last year. Earnings per share were $0.48 compared to $0.50 in the prior year period.

Excluding $0.02 per share of unrealized commodity mark-to-market gains, Core Earnings per share were $0.46 compared to $0.50 in the prior period.Analysts polled by Thomson Reuters expected the company to report earnings of $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $1.36 billion from $1.33 billion in the prior year quarter. Ten analysts had consensus revenue estimate of $1.36 billion for the quarter.

The company continues to expect full year 2012 reported net sales growth near the low end of its long-term 3% to 5% range and Core earnings per share to be in the $2.90 to $2.98 range. Analysts expect the company to report earnings of $2.93 per share on revenues of $6.06 billion for fiscal 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cruise itineraries in the Caribbean islands are almost back to business after the hurricanes Irma and Maria blasted through some islands. The Florida-Caribbean Cruise Association announced on a press call Monday that the hardest hit major ports, St. Thomas and St. Croix in the U.S. Virgin Islands, and St. Maarten and San Juan, Puerto Rico, are expected to open by the end of November. Banking major Goldman Sachs Group Inc. (GS) reported Tuesday profit for the third-quarter that declined 3 percent from last year. But, quarterly net revenues increased 2 percent. Both earnings per share and revenues topped analysts' expectations. Weinstein Co. said it has entered into a preliminary agreement for immediate capital infusion from Colony Capital, the global private equity arm of Colony NorthStar, Inc. In addition, Weinstein Co. has entered into a negotiating period with Colony Capital for a potential sale of all or a significant portion of its assets. Further details of the deal were not disclosed.
comments powered by Disqus
Follow RTT