Dr Pepper Snapple Q2 Profit Falls, but Still Beats View (DPS)

By Dividend.com Staff,

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Beverage giant Dr Pepper Snapple Group Inc. ( DPS ) on Wednesday said its second quarter profit fell 6% from last year on higher costs, but results still beat analysts expectations.

The Plano, TX-based company reported second quarter net income of $172 million, or 77 cents per share, compared with $183 million, or 74 cents per share, in the year-ago period. Last year saw a greater number of shares outstanding.

Sales rose 4% from last year to $1.58 billion.

On average, Wall Street analysts expected a slightly smaller profit of 76 cents per share, albeit on slightly higher revenue of $1.59 billion.

Looking ahead, the company reaffirmed its previously-announced full-year earnings outlook of $2.70 to $2.78 per share on sales gains of 3% to 5%.

Dr Pepper Snapple shares were unchanged in premarket trading Wednesday.

The Bottom Line
We have been recommending shares of Dr.Pepper Snapple Group ( DPS ) since Feb.16, 2011, when the stock was trading at $34.00. The company has a 3.23% dividend yield, based on last night's closing stock price of $39.64.

Dr Pepper Snapple Group Inc. ( DPS ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.6 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: DPS

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