just On Call - Dr Pepper Snapple Group CEO backs Ten despite struggles
DPSG says Dr Pepper Ten needs more time to bed in
Dr Pepper Snapple Group's CEO has defended the underperforming Dr Pepper Ten, saying he expects the low-calorie CSD to end the year with flat or positive growth.
In first-quarter results released yesterday (24 April), declines in Dr Pepper Ten helped push the Dr Pepper brand to a 3% volumes sales fall. An analyst also warned that Ten, released in 2011, remains a “show-me” innovation and has done little to boost DPSG's biggest brand.
However, DPSG president & CEO Larry Young told analysts on a call yesterday that consumers are increasingly seeking out healthy alternatives in the CSD category and will soon latch on to Ten. He said: “You don't go in overnight and change consumption habits, but we are bullish about the prospects for Dr Pepper Ten.”
He said he expects the brand to finish the year “basically flat or a little bit up” in volumes growth.
Meanwhile, DPSG's CFO, Marty Ellen, said Snapple has an “opportunity” to expand into Asian markets on the back of demand for RTD tea.
“RTD is a good category across the world and Snapple fits in there well,” Ellen told analysts. “We would love to have the opportunity to grow internationally.”
Struggling sales for diet soft drinks should see a new wave of innovation break over the category. Tom Vierhile reports....
Dr Pepper Snapple Group formed after the company was spun off from its parent Cadbury Schweppes in 2008. It brings together the former Dr Pepper/Seven Up Inc, Snapple Beverage Group, Mott’s LLP and Be...
Soft Drinks in Colombia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 2016). The p...
Juices in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains description...
- A tobacco analogy soft drinks will want to embrace
- just The Preview - SABMiller's Q1
- Pernod's Portman Group penalty - a coincidence?
- Cleaning China's seedier side brings Remy balance
- PepsiCo to consider more re-franchising - CEO
- Diageo's Captain Morgan Facebook ad banned
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk
- Bacardi to fight US football team legal action
- Remy posts Q1 sales drop as Edrington loss bites