(Source: Datamonitor)
US-based beverage company Dr Pepper Snapple Group has reported a net income of $151 million, or $0.59 per diluted share, for the third quarter ended September 30, 2009, compared to $106 million, or $0.41 per diluted share, for the third quarter ended September 30, 2008.
Net sales for the third quarter of 2009 were $1.43 billion, compared to $1.49 billion, for the corresponding period of 2008.
For the first nine months of 2009, net income was $441 million, or $$1.73 per diluted share, compared to $309 million, or $1.21 per diluted share, for the first nine months of 2008.
Net sales for the first nine months of 2009 were $4.17 billion, compared to $4.33 billion for the first nine months of 2008.
Larry Young, president and CEO of the company, said: "While the economy is showing some signs of recovery, it is still too early to see this translate into higher beverage sales. For the quarter, liquid refreshment beverage trends remained negative. Against this backdrop, we once again demonstrated the power of our portfolio and the flexibility of our routes to market, posting solid top-line and strong bottom-line growth.
"A year and a half into our life as a public company, we are proud of what we have accomplished so far. Our priorities and strategies remain unchanged and continue to support long-term sustainable growth."
A service of YellowBrix, Inc.
