Dr Pepper Snapple Group Q2 Profit Decreases - Quick Facts

(RTTNews) - Dr Pepper Snapple Group Inc. (DPS) reported that its second-quarter net income decreased to $155 million or $0.76 per share, from $178 million or $0.83 per share, prior year. Excluding unrealized commodity mark-to-market losses and certain items affecting comparability in both years, core profit per share were $0.84, compared to $0.85 in the prior year period.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit of $0.85 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales decreased to $1.61 billion, from $1.62 billion last year. Analysts expected revenue of $1.64 billion for the quarter.

The company now expects full year reported net sales growth of about 2% and earnings per share to be in the $3.04 to $3.12 range, excluding the impact of commodity mark-to-market gains and losses and certain other items excluded from core results. Analysts expect the company to report full year profit per share of $3.09.