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Dr. Pepper Snapple Beats Q1 Earnings and Revenue

Dr. Pepper Snapple Inc. DPS manufactures and distributes some of the most popular carbonated soft drinks and non carbonated beverage brands in the U.S. It holds the #1 position in the flavored non-cola CSD market in the U.S. with a market share of almost 40% in the U.S. Dr Pepper soft drink, its most popular CSD brand, holds the #2 position in the flavored CSD market in the U.S.

After an exceptional performance in 2014, Dr Pepper delivered solid top line and bottom line results in 2015, despite increased currency headwinds. Pricing gains, innovations, powerful marketing programs, strong performance of non-carbonated beverages and productivity improvements drove the results. However, growing health and wellness consciousness have been hurting its CSD sales, including the diet versions.

Investors should however note that the recent earnings estimate revisions for DPS has been mixed. Moreover, DPS has solid history when it comes to recent earnings reports as the stock has posted positive surprises in the last four quarters with an average surprise of 3.80%.

Currently, DPS has a Zacks Rank #3 (Hold), but that could change following Dr. Pepper’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: DPS beat on earnings. Our consensus earnings estimate called for EPS of $0.86 per share, and the company reported EPS of $0.94 instead. Investors should note that these figures take out stock option expenses.

Revenues: DPS reported revenues of $1.49 billion. This beat our consensus estimate of $1.47 billion.

Key Stats to Note: Sales volume was up 1% in the quarter.

Stock Price: Inactive in pre-market trading.

Check back later for our full write up on this DPS earnings report later.

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