Dr Pepper Snapple Group Reports First Quarter 2015 Results, Net Sales Increased 4%

May 1, 2015
Dr Pepper Snapple Group Inc Logo
Dr Pepper Snapple Group Inc Logo
Dr Pepper Snapple Group Inc Logo
Dr Pepper Snapple Group Inc Logo
Dr Pepper Snapple Group Inc Logo

PLANO, Texas--(BUSINESS WIRE)--Dr Pepper Snapple Group, Inc. reported first quarter 2015 EPS of $0.81 compared to $0.78 in the prior year period, an increase of 4%. Core EPS were also $0.81, compared to $0.74 in the prior year, an increase of 9%.

For the quarter, reported net sales increased 4%, as a sales volume increase of 2% and favorable segment and product mix were partially offset by 1 percentage point of unfavorable foreign currency translation. Reported segment operating profit (SOP) increased 7%, or $23 million, on net sales growth, ongoing productivity improvements and a planned reduction in marketing investments. On a currency neutral basis, SOP increased 10%.

Reported income from operations for the quarter was $270 million, up 4% compared to the prior year period, including a $1 million unrealized commodity mark-to-market loss. Reported income from operations was $260 million in the prior year period, including $12 million of unrealized commodity mark-to-market gains. Core income from operations was $271 million, up 9% compared to the prior year period.

For the quarter, bottler case sales (BCS) volume increased 3% with carbonated soft drinks (CSDs) increasing 3% and non-carbonated beverages (NCBs) increasing 5%.

By geography, U.S. and Canada volume increased 2%, and Mexico and the Caribbean volume increased 13%. View the full report here.