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Bai Brands helps lift Dr Pepper Snapple Group sales in FY 2017 - results

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  • Full-year 2017 sales lift 4% to US$6.7bn
  • Net profits in the 12 months of 2017 rise 27% to $1bn

Increased shipments, favourable mix and the acquisition of Bai Brands helped push sales up for Dr Pepper Snapple Group in 2017. 

Dr Pepper Snapple Group will merge with Keurig Green Mountain later this year

Dr Pepper Snapple Group will merge with Keurig Green Mountain later this year

In an SEC filing today, the company said that sales in the 12 months to the end of December were up 4% on the corresponding period a year earlier. The top-line was boosted by $64m of acquired Bai Brands shipments to third parties, which raised sales by 1%. DPSG closed the acquisition of Bai Brands at the start of last year.

Dr Pepper Snapple Group Full-Year 2017 - Sales versus 2016

20162017
Fourth Quarter15781643
Third Quarter16801740
Second Quarter16951797
First Quarter14871510

Source: Company results

Meanwhile, a 27% profits lift was boosted by income tax benefits related to the impact of the recent federal tax law changes in the US, although this was partially offset by the Bai deal.

The firm also reported sales increases across its three business segments - Beverage Concentrates, Packaged Beverages and Latin America Beverages. 

Dr Pepper Snapple Group Full-Year 2017 - Sales by Segment

Beverage ConcentratesPackaged BeveragesLatin America BeveragesTotal
2016128446964606440
2017133248714876690

Source: Company results

DPSG operates primarily in the US, Mexico and Canada and also distributes products in the Caribbean. In 2017, 90% of net sales were generated in the US, 7% in Mexico and the Caribbean and 3% in Canada.

Earlier this week, DPSG cancelled its full-year results presentation owing to its agreement earlier this year to merge with Keurig Green Mountain. The move will see the creation of a new entity - Keurig Dr Pepper. The business will be 87%-owned by KGM shareholders, while DPSG shareholders will hold 13% of the combined firm. 

Will Keurig Green Mountain, Dr Pepper Snapple Group merger spark M&A boom? - Click here for a just-drinks analysis


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