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Non-alcoholic beverages maker Dr Pepper Snapple Group Inc. (DPS) will release second-quarter numbers before the market opens Thursday, with analysts forecasting earnings of $0.49 per share on revenues of $1.50 billion. While releasing first-quarter results, the company said it currently expects fiscal 2009 earnings to range between $1.85 and $1.93 per share, up from the prior guidance range of $1.71 - $1.79 per share. Dr Pepper Snapple also raised its adjusted earnings forecast to a range of $1.70 - $1.78 per share from its prior estimate of $1.59 - $1.67 per share. Analysts expect the company to report earnings of $1.77 per share for fiscal 2009.
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| | | {loadposition contentad} | | | | | Further, Dr Pepper Snapple continues to anticipate full-year net sales to be down 2% to 4%. Excluding the loss of Hansen product distribution and currency fluctuations, the company expects net sales to grow 2% to 4%.
Another Non-alcoholic beverages company Coca-Cola Enterprises Inc. (CCE) last month reported a profit for the second quarter, compared with a loss last year, which included hefty charges. On an adjusted basis, the company's earnings rose year-over-year and beat analysts' forecast, reflecting higher North American revenues and strong operating expense control. The company also lifted its fiscal 2009 earnings per share outlook.
Food and beverage giant PepsiCo, Inc. (PEP) last month reported a marginal year-over-year decline in profit for the second quarter, hurt by a 3% decline in revenues. Excluding items, core earnings per share for the quarter edged down a penny, but topped analysts' expectations by two cents. The company's results were better-than-expected reflecting strong effective net pricing, product innovation and cost discipline. The company also reaffirmed its guidance for the full year 2009.
PepsiCo (PEP) announced that it has entered into definitive merger agreements with Pepsi Bottling Group Inc. (PBG) and PepsiAmericas, Inc. (PAS) under which PepsiCo will acquire all of the outstanding shares of common stock it does not already own in its two largest anchor bottlers. The total value of the shares that PepsiCo will be acquiring is about $7.8 billion.
Another non-alcoholic beverages maker, Plano, Texas-based Dr Pepper Snapple Group, Inc. (DPS) is scheduled to report financial results for the second-quarter on August 13. Analysts estimate earnings of $0.49 per share, on revenues of $1.50 billion. In the previous year, the company's earnings were $0.60 per share and revenues of $1.56 billion. The company was formerly the American beverage unit of British confectionery manufacturer Cadbury Plc (CBY, CBRY.L, CDSCF.PK) before it spun off in May 2008.
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