Shares of Dr Pepper Snapple Group Inc. (DPS
) surged on Wednesday morning after the company offered full year guidance above analyst estimates.
DPS Earnings in Brief
DPS reported Q4 net income of $156 million, or 78 cents per share, down from $170 million, or 81 cents per share, a year ago. Excluding special items, earnings were 97 cents per share, above analysts’ estimate of 85 cents per share. Revenue dipped to $1.46 billion from $1.48 billion last year. Analysts expected to see revenue of $1.47 billion. Looking ahead, the company expects to see full year earnings between $3.38 and $3.46 per share, which would beat analysts’ expectations of $3.27 per share.CEO Commentary
DPS President and CEO Larry Young commented: "I am proud of the team's ability to remain focused and execute against our strategy during a challenging year. We continued to gain distribution and availability across our key brands and packages and grew volume share and held dollar share in the highly competitive CSD category."
DPS Dividend
DPS declared its last quarterly dividend of 41 cents on February 6. This dividend will be payable on April 4 to shareholders of record on March 17. The stock will go ex-dividend on March 13. This latest dividend is an 8% increase from the company’s last quarterly dividend.
Stock Performance
Dr Pepper Snapple shares were up $4.09, or 8.36%, during pre-market trading Wednesday. The stock is has been mostly flat YTD.
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