US: Dr Pepper Snapple Group sees YTD profits edge up

By | 23 October 2013

  • Nine-month net profits up 2% to US$468m
  • Net sales in nine months to end of September flat at US$4.5bn
  • YTD operating profits fall 2.3% to US$782m
  • Full-year net sales expected to be flat 
The group expects challenges ahead in the CSD category

The group expects challenges ahead in the CSD category

Dr Pepper Snapple Group (DPS) has seen a return to net profits growth in its year-to-date, but warned that the market remains “extremely challenging”.

The Texas-based group said today (23 October) that its net profits in the nine months to the end of September rose by 2% year-on-year to US$468m. Sales in the period were flat at $4.5bn, while operating profits fell by 2.3% to $782m on the prior year. Volumes in the nine months were down 3%.

The results come off the back of a slide in net profits for the company in its first half of 2013.

In the third quarter, net profits increased by 15.6% to $207m, as sales edged up by 1% to $1.54bn. Operating profits in the three months fell by 2.6% to $300m. Volumes dropped by 1% in the quarter. 

“We continue to operate in an extremely challenging environment, with significant pressures in the CSD category now impacting both regular and diet products,” said DPS president & CEO Larry Young.

However, he said the group continues to “gain volume share while holding value share in the CSD category”. 

Young also suggested that DPSG's low-calorie TEN products are bringing consumers back to the CSD category. 

Looking ahead, the group said it expects full-year net sales to be flat. Core EPS (earnings per share) for 2013 is forecast to be between $3.04 and $3.12. 

Share in DPS were today trading up 0.61% at $45.65 on the New York Stock Exchange

To read the company's full statement, click here.

Expert analysis

Dr Pepper Snapple Group Inc. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report

Canadean's "Dr Pepper Snapple Group Inc. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, swot analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees, company locations and subsidiaries, employee biographies as well as competitive benchmarking data.

Sectors: Company results, Soft drinks

Companies: Dr Pepper Snapple Group

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