July 26 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.
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read