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Donnerstag,
27.10.2016 14:05
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PR Newswire
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Dr Pepper Snapple Group Reports Third Quarter 2016 Results
Eine Dose Dr Pepper auf Eis.
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PR Newswire
PLANO, Texas, Oct. 27, 2016
PLANO, Texas, Oct. 27, 2016 /PRNewswire/ -- Dr Pepper Snapple Group, Inc. (NYSE: DPS) reported third quarter 2016 EPS of $1.29, including a $0.09 tax gain, compared to $1.05 in the prior year period. Core EPS were $1.17, up 8% compared to $1.08 in the prior year period. Year-to-date, the company reported earnings of $3.64 per diluted share compared to $3.00 per diluted share in the prior year period. Core EPS were $3.35, up 11% compared to $3.02 in the prior year period.
For the quarter, reported net sales of $1.68 billion increased 3% on favorable product and package mix, a 1% increase in sales volumes and higher pricing. Net sales growth was reduced in the quarter by 1 percentage point of unfavorable foreign currency translation. Reported segment operating profit (SOP) increased 3%, or $12 million, on net sales growth, lower logistics costs and ongoing productivity improvements, which were partially offset by a $16 million increase in planned marketing investments and increases in certain other operating expenses.
Reported income from operations for the quarter was $373 million, which included $9 million in unrealized commodity mark-to-market gains and a $5 million non-cash gain on the step-acquisition of our joint venture Aguafiel business in Mexico. Reported income from operations was $337 million in the prior year period, which included $9 million in unrealized commodity mark-to-market losses. Core income from operations for the quarter was $364 million, up 5%, and represented 21.7% of net sales compared to 21.3% in the prior year period.
Year-to-date, reported net sales of $4.86 billion increased 3%. Reported income from operations was $1.10 billion, including $41 million in unrealized commodity mark-to-market gains. Foreign currency translation negatively impacted reported net sales and reported income from operations by 1%. Reported income from operations in the prior year period was $976 million, which included $5 million in unrealized commodity mark-to-market losses. Core income from operations was $1.06 billion, up 8%, representing 21.7% of net sales compared to 20.8% in the prior year.
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."
| EPS reconciliation | Third Quarter | Year-to-Date | ||||
| 2016 | 2015 | Percent Change | 2016 | 2015 | Percent Change | |
| Reported EPS | $1.29 | $1.05 | 23 | $3.64 | $3.00 | 21 |
| Unrealized commodity mark-to-market net (gain)/loss
Items affecting comparability - Legal entity restructuring - Extinguishment gain - Litigation provision
Core EPS |
(0.03)
(0.09) - - ------ $1.17 |
0.03
- - - ------ $1.08 |
------ 8 |
(0.13)
(0.09) (0.07) - ----- $3.35 | 0.01
- - 0.01 ----- $3.02 |
------ 11 |
| EPS – earnings per share |
Net sales and SOP in the tables and commentary below are presented on a currency neutral basis. Refer to the Definitions section of this press release for details on how the company calculates currency neutral metrics. For a reconciliation of non-GAAP to GAAP measures see pages A-5 through A-10 accompanying this release.
| Summary of 2016 results (Percent change) | As Reported | Currency Neutral | ||
| Third | YTD | Third | YTD | |
| BCS Volume | 2 | 1 | 2 | 1 |
| Sales Volume | 1 | 1 | 1 | 1 Werbung Mehr Nachrichten zur Dr Pepper Snapple Group Aktie kostenlos abonnieren
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