Is Dr Pepper Snapple A Good Stock To Buy After A Strong 1H?
Zacks Investment Research | Aug 18, 2016 11:11PM ET
We issued an updated research report on Dr Pepper Snapple Group Inc. (NYSE:DPS) on Aug 19, 2016.
On Jul 27, the beverage company reported strong second-quarter 2016 results, building upon a strong first quarter performance. Dr Pepper beat the Zacks Consensus Estimate for both earnings and sales in the second-quarter 2016. On a year-over-year basis, earnings of $1.25 per share increased 11% on the back of higher sales and RCI productivity gains. Sales rose 4%, excluding currency impact on favorable product/package mix along with price hikes and improved volumes.
Moreover, the company raised its earnings expectations for 2016 – for the second time this year - following better-than-expected results in the first half of the year. Earnings soared 12%, while sales rose 2% in the first-half 2016, both on a year-over-year basis.
DR PEPPER SNAPL Price and Consensus
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