Dr Pepper Snapple Net Jumps 42% as Cost of Goods Sold Declines, Boosts Outlook (DPS)

Thu. November 05, 2009; Posted: 08:26 AM

Nov 05, 2009 (SmarTrend(R) News Watch via COMTEX) -- DPS | Quote | Chart | News | PowerRating -- 11/5/2009-Dr Pepper Snapple (NYSE:DPS) reported Q3 EPS of 54 cents, ex-items, topping consensus estimates of 49 cents.

Revenues in the quarter fell 4% to $1.43 billion, inline with consensus estimates.

Dr Pepper Snapple expects full-year 2009 EPS of $1.92-1.96 (vs. consensus estimates of $1.97).

Dr Pepper Snapple expects full-year 2009 net sales to be down 3% to 4% (vs. consensus estimates of $5.6 billion).

DPS President and CEO Larry Young said, "While the economy is showing some signs of recovery, it's still too early to see this translate into higher beverage sales. For the quarter, liquid refreshment beverage trends remained negative."

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Dr Pepper Snapple Group Inc. (DPS) click here. Dr Pepper Snapple Group Inc. (DPS) has Short Term PowerRatings of 5. Details on Dr Pepper Snapple Group Inc. (DPS) Short Term PowerRatings is available at This Link.

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