PLANO, Texas--(BUSINESS WIRE)--Dr Pepper Snapple Group, Inc. (NYSE: DPS) reported second quarter 2014 EPS of $1.06 compared to $0.76 in the prior year period. Core EPS were $1.06, up 26%, compared to $0.84 in the prior year. Year-to-date, the company reported earnings of $1.84 per diluted share compared to $1.27 per share in the prior year period. Core EPS were $1.80, up 31%, compared to $1.37 in the prior year period.
For the quarter, reported net sales increased 1% as a sales volume increase, favorable product and package mix and pricing were partially offset by higher discounts and 1 percentage point of unfavorable foreign currency. Reported segment operating profit (SOP) increased 13%, or $47 million, due to higher net sales, favorable cost of goods trends, planned lower marketing investments of $18 million and ongoing productivity improvements.
Reported income from operations for the quarter was $348 million. Reported income from operations was $285 million in the prior year period, including $7 million of unrealized commodity mark-to-market losses. Core income from operations was $348 million, up 18% compared to the prior year period.
Year-to-date, reported net sales increased 1% and reported income from operations was $608 million, including $12 million of unrealized commodity mark-to-market gains. Reported income from operations was $482 million in the prior year period, including $14 million of unrealized commodity mark-to-market losses. Core income from operations was $596 million, up 19% compared to the prior year period. Full report.
