Dr Pepper Snapple Reports Higher Income

Thursday, Jul 26, 2012  |  Updated 3:28 PM CDT
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Dr Pepper Snapple Reports Higher Income

NBCDFW.com

Dr Pepper Snapple Group Inc. says that higher prices for its portfolio of sodas, teas and juices helped raise its second-quarter net income by 3 percent.

Dr Pepper Snapple Group Inc. says that higher prices for its portfolio of sodas, teas and juices helped raise its second-quarter net income by 3 percent.

The Plano-based beverage company, which makes 7Up, Sunkist and Mott's, said Thursday it lifted prices by 4 percent overall during the period. That offset a 1 percent dip in sales volume and the negative impact of a stronger dollar.

Sales volume of carbonated soft drinks was flat, with the company's 10-calorie drink -- Dr Pepper Ten -- offsetting declines in Sun Drop and 7Up.

For the three months ended June 30, the company said it earned $178 million, or 83 cents per share. That's compared with $172 million, or 77 cents per share, in the same period last year.

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