Dr Pepper Snapple Group (DPS) Tops Q3 EPS by 6c, Lifts Outlook

Dr Pepper Snapple Group (NYSE: DPS) reported Q3 EPS of $1.17, $0.06 better than the analyst estimate of $1.11. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.65 billion.

GUIDANCE:

Dr Pepper Snapple Group raises FY2016 EPS to $4.32-$4.40, versus the consensus of $4.37.

DPS President and CEO Larry Young said, "I'm proud of our teams for continuing to drive strong performance across our portfolio in a competitive and fragmented market."

Young continued, "We gained both dollar and volume share in our largest category, CSDs, in Nielsen measured markets, and our strategy of driving aligned communication and execution across our priority brands is driving positive results. Our allied brand partnerships are allowing us to compete in fast growing categories, and Rapid Continuous Improvement (RCI) continues to be the foundation on which the organization operates."

For earnings history and earnings-related data on Dr Pepper Snapple Group (DPS) click here.

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