Dr Pepper Snapple Q2 Profit Rises, Boosts 2015 EPS Outlook - Quick Facts

(RTTNews) - Non-alcoholic beverage maker Dr Pepper Snapple Group, Inc. (DPS) reported that second-quarter net income increased to $220 million or $1.14 per share from $210 million or $1.06 per share in the prior-year quarter.

Excluding items, core earnings for the quarter was $1.13 per share, compared to $1.06 per share in the year-ago quarter.

On average, 19 analysts polled by Thomson Reuters expected the company to report earnings of $1.10 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter increased 1 percent to $1.66 billion from $1.63 billion in the same quarter last year, while analysts expected revenue of $1.65 billion for the quarter.

The company said foreign currency translation reduced net sales and reported earnings per share by 2 percent in the quarter.

Looking ahead to fiscal 2015, the company raised core earnings guidance to a range of $3.85 to $3.93 per share from the prior forecast range of $3.80 to $3.88 per share, while continuing to expect net sales growth of about 1 percent.

Street is currently looking for full-year 2015 earnings of $3.92 per share on annual revenues of $6.23 billion.