US: Dr Pepper Snapple re-confirms guidance

By just-drinks.com editorial team | 8 September 2008

US soft drinks group Dr Pepper Snapple has re-confirmed its full-year earnings guidance at an analysts' conference.

Dr Pepper Snapple's (DPS) president and CEO, Larry Young, said the firm expected earnings per share to reach at least US$1.65 in 2008. He spoke at last week's Lehman Brothers Back-To-School Consumer Conference in Boston.

DPS, which was sold off by Cadbury Schweppes in May this year, saw operating income drop 4% in the first half of 2008, partially after the group lost its distribution deal for Glaceau products.

It has predicted net sales growth of 3-5% for the full-year.

Sectors: Soft drinks

Companies: Dr Pepper, Cadbury