Dr Pepper Snapple Group, Inc. Reports Earning Decline On 2 Percent Net Sales Gain In Fourth Quarter

Net packaged beverage sales for the quarter were up 4 percent, reflecting favorable mix and higher pricing including lower discounts, partially offset by a decrease in branded sales volumes. SOP increased 9 percent as the benefits of higher sales and productivity improvements were partially offset by cost inflation in packaging and ingredients and labor and benefits. SOP was further reduced by an $8 million depreciation adjustment associated with the reassessment of a capital lease executed prior to separation.