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

May 1, 2015
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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.