KDP Keurig Dr Pepper Inc

Dr Pepper Snapple Group Inc. posted 7.4% earnings growth in its latest quarter, as growing volumes in noncarbonated beverages continued to power results.

Following the better-than-expected results, the company lifted its full-year guidance. Dr Pepper now sees $3.92 to $3.98 in per-share profit, up from an earlier forecast of $3.85 to $3.93.

The Plano, Texas, beverage company has logged growth in soda volume recently, while rivals have been crimped as increasingly health-conscious consumers shift to options that are perceived as more natural and healthful.

Dr Pepper, which also counts tomato-and-seafood juice Clamato and Schweppes mineral water under its umbrella, has benefited from less international exposure than its peers. Coca-Cola Co., for example, warned this week that adverse exchange rates would shave a more-than-expected 7% off of this year's sales.

During the quarter, sales volume rose 3%. Overall bottler-case sales volume—which reflects beverages sold by the company and its bottling partners—rose 2%. Noncarbonated beverage volume increased 4%, fueled by double-digit gains in water and Clamato categories and double the rate of growth in carbonated drinks. The company's namesake brand saw flat volume in the period while Schweppes rose 11%.

For the period, Dr Pepper reported a profit of $202 million, or $1.05 a share, up from $188 million, or 96 cents, a year earlier. Revenue increased 3% to $1.63 billion. Analysts projected $1.03 in earnings per share and $1.60 billion in revenue, according to Thomson Reuters.

Shares in the company, up about 18% this year and outperforming its rivals, were inactive premarket.

Write to Lisa Beilfuss at lisa.beilfuss@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

October 22, 2015 09:15 ET (13:15 GMT)

Keurig Dr Pepper (NYSE:KDP)
Historical Stock Chart
From Mar 2024 to Apr 2024

Keurig Dr Pepper (NYSE:KDP)
Historical Stock Chart
From Apr 2023 to Apr 2024