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Dr Pepper Snapple Group toasts strong third quarter

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  • YTD net profits rise 4.7% to US$579m 
  • Net sales in nine months to end of September up 3% to $4.74bn 
  • Operating profits lift 5.6% to $976m 
  • Q3 net profits up 7.4% to $202m 
  • Net sales in three-month period rise 1.9% to $1.63bn 
  • Operating profits up 6.6% to $337m 
  • Bottler case sales volumes increase 2% in YTD, up 2% in Q3

Dr Pepper Snapple has raised its full-year guidance on the back of a healthy third quarter.

Dr Pepper Snapple has reported a strong third quarter

Dr Pepper Snapple has reported a strong third quarter

Net profits in the three months to the end of September were up 7.4% on the corresponding period a year ago, to $202m, the US-based soft drinks company said today. Year-to-date net profits lifted 4.7% on a 3% rise in sales, which totalled $4.74bn for the nine-month period.

For coverage of Dr Pepper Snapple's post-results conference call, click here

Looking ahead, the company has raised guidance and now expects full-year 2015 core EPS in the $3.92 to $3.98 range - up from $3.80 and $3.88, forecast in its 2014 full-year results.

An analysis of the company's performance can be found here

DPS president & CEO Larry Young said: "We posted yet another quarter of solid top-line and bottom-line results, with both our CSD and non-carbonated beverage portfolios performing well.

"We gained both dollar and volume share in the CSD and shelf-stable juice categories in Nielsen measured markets, and we're seeing financial benefits from our marketing investments and innovation. [Cost-savings programme] Rapid Continuous Improvement continues to underpin how we operate on a daily basis, and we have a long runway of further improvement opportunities."

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


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