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US: Dr Pepper Snapple Group reaffirms FY guidance

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Dr Pepper Snapple Group has reaffirmed its 2009 full-year guidance.

The Texas-based soft-drink maker said yesterday (9 September) that it expects to see net sales rise by 2% to 4% for this year.

Earnings per share are expected to come in between US$2.03 and $2.11, including a net gain on its Hansen contract termination payment and the sale of certain distribution rights.

Excluding certain items the company sees 2009 earnings per share of $1.88 to $1.96.

Net capital spending is expected to be around 5% of net sales.

Last month, Dr Pepper Snapple Group distanced itself from discussions regarding the distribution deal it currently has with PepsiAmericas and Pepsi Bottling Group for its Crush CSD brand in the US.


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