Fourth-quarter sales volume dropped 4% year over year, but the company still earned 97 cents per share, beating analyst estimates of 85 cents per share. Umar added the company still faces headwinds as sales of soda continue to struggle in the U.S. However, higher prices have helped to offset the lack of sales.
Dr Pepper Snapple is optimistic on fiscal 2014, saying it expects sales to be flat to 1% higher. Umar also pointed out the company plans to buy back between $375 million and $400 million worth of stock in 2014.
With sales possibly bottoming and a buyback plan in place, investors are pushing shares of DPS nearly 3% higher in Wednesday's trading session.
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