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US: Dr Pepper Snapple Group YTD profits rise despite "uncertain" markets

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  • Nine-month net profits rise by 4.3% to US$459m
  • Net sales from January to end of September up by 1.6% to $4.5bn
  • Operating profits lift by 6.2% to $800m 
  • FY net sales growth expected to be around 2% 

Dr Pepper Snapple Group has reported a single-digit rise in nine-month profits and sales, but warned that the "uncertain economic and cautious consumer environment" it operates in is continuing.

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Net profits in the nine months to the end of September rose by 4.3% to US$459m, the US-based soft drinks group said today (24 October). Year-to-date sales were up by 1.6% to $4.5bn. 

Operating profits in the same period saw a rise of 6.2% to $800m, reversing a slide in profits in H1.

Third quarter net profits increase by 16.2% to $179m, while sales in the period were flat at $1.53bn. Volume sales in Q3 fell by 3%, with branded volumes down 3% and contract manufacturing volumes sliding 6%.

The group's president & CEO, Larry Young, said: “We continue to operate in an uncertain economic and cautious consumer environment."

Looking ahead, the company said it expects its full-year net sales growth to be around 2% and core EPS to be in the region of $2.90 to $2.98.

To view the company's full announcement, click here.


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