Dr Pepper Snapple Group Earnings: Everything You Must Know Now
Dr Pepper Snapple Group, Inc. (NYSE:DPS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are flat.
Dr Pepper Snapple Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.82 in the quarter versus EPS of $0.82 in the year-earlier quarter.
Revenue: Rose 1.57% to $1.48 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dr Pepper Snapple Group, Inc. reported adjusted EPS income of $0.82 per share. By that measure, the company missed the mean analyst estimate of $0.85. It missed the average revenue estimate of $1.49 billion.
Quoting Management: DPS President and CEO Larry Young said, “As I look back on 2012, I am proud of the team’s continuing ability to outperform the CSD category, growing dollar share as measured by Nielsen and closing distribution gaps across CSDs, teas and juices.” Young continued, “Our employees have embraced Rapid Continuous Improvement (NYSE:RCI), and it continues to drive tangible operational and financial improvements. Moving forward, nothing is more important than reinvigorating the CSD category and giving lapsed consumers a reason to come back to the brands they know and love. Our new TEN platform provides consumers the great taste and full mouth-feel of a regular CSD, but with only 10 calories per 12 ounce serving. These products have been well-received by both consumers and our retail and bottling partners and, collectively with Dr Pepper TEN, give us great confidence that we can bring excitement and lapsed users back to the category.”
Key Stats (on next page)…