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US: Dr Pepper Snapple Group Q1 profits climb

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  • Net profits for the quarter climb by 28% to US$114m
  • Operating profits rise 7% to reach $202m
  • Sales amount to $1.33bn, a 7% increase on the prior-year period
  • Company reaffirms full-year 2011 EPS in the $2.70 to $2.78 range
Dr Pepper Snapple Group (DPSG) has reported an increase in first quarter profits and reaffirmed its full-year 2011 earnings guidance.

For the three months to the end of March, the company saw profits climb by 28% to reach US$114m. Operating profits rose by 7% to $202m, DPSG said today (27 April).

Sales for the period amounted to $1.33bn, a 7% increase on the prior-year period.Sales, DPSG said, reflected "solid volume growth and low-single digit price increases".

The company said it continues to expect full-year reported net sales to increase by 3% to 5% and diluted earnings per share to be between $2.7 and $2.78.

"We're off to a solid start in 2011," said DPSG's president and CEO, Larry Young. "The foundational investments we've made to strengthen this business are paying off." 

To read the full results announcement, click here.

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