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Dr Pepper Snapple Group toasts FY profits jump on sales rise

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Dr Pepper Snapple Group has beaten its full-year sales forecast, with net profits coming in up by double digits.

Dr Pepper Snapple Group is targeting similar sales growth next year to the level hit this year

Dr Pepper Snapple Group is targeting similar sales growth next year to the level hit this year

The US soft drinks company reported a near-13% lift in net profits for the 12 months of 2014, with sales coming in up by just over 2%. At its half-year results, DPSG said it expected sales for the year to "be flat to up 1%".

The 2% full-year sales increase topped the 1% increase in the first six months of 2014.

In the final quarter, net profits dipped by 3.9% on a 3% lift in sales. Volumes were up by 2%.

For 2015, DPSG said it is targeting a 1% rise in net sales, with core EPS expected to come in between $3.80 and $3.88.

To read the company's official statement, click here.


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