UPDATE 1-Dr Pepper Snapple profit up on price increases

Thu Jul 26, 2012 5:46pm IST

Related Topics

Stocks

   

July 26 (Reuters) - Dr Pepper Snapple Group Inc reported a higher second-quarter profit on Thursday and affirmed its full-year outlook, helped by price increases.

The maker of 7UP, Sunkist and other drinks said net income was $178 million, or 83 cents per share, up from $172 million, or 77 cents per share, a year earlier.

Excluding items, earnings were 85 cents per share.

Net sales rose to $1.62 billion from $1.58 billion.

The company stood by its full-year forecast, which calls for net sales growth near the low end of its long-term range of 3 to 5 percent and earnings per share of $2.90 to $2.98.

Higher packaging and ingredient prices should lead full-year costs to increase 2 percent, the company said.

FILED UNDER:
  • Most Popular
  • Most Shared

Market Eye

REUTERS SHOWCASE

Intel's Valuation

Intel's Valuation

Intel could rise 30 percent over next two years - Barron's.  Full Article 

Plunging Oil Prices

Plunging Oil Prices

Oil price seen falling to $60 if OPEC does not cut output  Full Article 

China Economy

China Economy

Exclusive - China ready to cut rates again on fears of deflation - sources  Full Article 

Climate Change

Climate Change

Some climate change impacts unavoidable - World Bank  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage