US: Dr Pepper Snapple Group set for 2012 price increases
Dr Pepper Snapple Group said it expects the company to make “modest price increases” next year
The CEO of Dr Pepper Snapple Group (DPSG) has said that he expects "modest [CSD retail] price increases" next year.
Speaking at an industry conference in the US yesterday (12 December), Larry Young told attendees that the firm expects to see price increases of around 1.5% to 2% in 2012. The CEO added that the company expects cost increases next year to "generally be more favourable than they were in 2011", the Wall Street Journal reported.
Following the firm's third-quarter results in October, the company said its focus was still on building its leading brands, despite having pulled back on marketing spend in the quarter.
When contacted by jus-drinks today (13 December), a spokesperson for the firm said: "DPSG will provide further clarity and commentary about our 2012 guidance, including pricing, during our fourth-quarter earnings call."
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