This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dr Pepper Snapple Group Reports Third Quarter 2013 Results

Dr Pepper Snapple Group, Inc. (NYSE: DPS) reported third quarter 2013 EPS of $1.01 compared to $0.84 in the prior year period. Excluding unrealized commodity mark-to-market gains in both years and certain items affecting comparability in the current year, Core EPS were $0.88 compared to $0.79 in the prior year period. Year-to-date, the company reported earnings of $2.28 per diluted share compared to $2.15 per diluted share in the prior year period. Excluding certain items affecting comparability and unrealized commodity mark-to-market impacts in both years, Core EPS were $2.25 compared to $2.10 in the prior year period.

For the quarter, reported net sales increased 1% reflecting 3 percentage points of positive mix and pricing, partially offset by a 1% sales volume decline and higher discounts. Reported segment operating profit (SOP) increased 5%, or $18 million, due to a year-over-year LIFO benefit of $14 million, ongoing productivity improvements, a favorable adjustment to a previously disclosed legal provision and lower people costs primarily driven by favorable costs associated with our insurance programs. These benefits were partially offset by commodity cost increases, principally sweeteners.

Reported income from operations for the quarter was $300 million, including a $1 million unrealized commodity mark-to-market gain. Reported income from operations was $308 million in the prior year period, including $18 million of unrealized commodity mark-to-market gains.

Year-to-date, reported net sales increased 1% and reported income from operations was $782 million, including $13 million of unrealized commodity mark-to-market losses. Reported income from operations was $800 million in the prior year period, including $18 million of unrealized commodity mark-to-market gains.

DPS President and CEO Larry Young said, “We continue to operate in an extremely challenging environment, with significant pressures in the CSD category now impacting both regular and diet products. Against this backdrop, our teams remained committed to executing our strategy and we continued to gain volume share while holding value share in the CSD category.”

1 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs