snapple facts
Dr Pepper Snapple Group, Inc. (DPS: News) reported third quarter net income of $ 151 million, $ 0.59 per share, compared with $ 106 million and $ 0.41 per share in the same period last year. Earnings per share, excluding certain items, for the quarter was $ 0.54, compared with $ 0.45 last year.
Net sales for the quarter were $1.43 billion, compared to $1.49 billion in the prior year quarter. Five analysts had consensus revenue estimate of $1.44 billion for the quarter. The company raised its 2009 reported earnings outlook to a range of $2.12 - $2.16 per share, from the prior range of $2.03 - $2.11 per share. Excluding net gains related to distribution agreement changes and separation-related tax items, the company now expects 2009 earnings to be in the range of $1.92 - $1.96 per share, compared to prior range of $1.88 - $1.96 per share.
The company now expects full-year 2009 net sales to decline by 3% - 4%. Currency without the loss of sales of goods and Hansen on one, the company now expects net sales to grow by around 2%. Earlier the company had expected full-year sales by 2% to 4%.
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