Dive Brief:
- Dr Pepper Snapple revealed $150 million in earnings in its fourth quarter, below last year's $156 million, while sales inched up 3.1% hitting $1.51 billion.
- Yearly profit was $703 million, with $6.12 billion in revenue.
- Dr Pepper Snapple says soda volume rose 2% in the quarter, slightly contradicting its competitors who have had a hard time keeping people into drinking soda. The company's noncarbonated beverages saw volume improve 1% in Q4, with Snapple volume rising 4%.
Dive Insight:
While rivals like Coca-Cola and Pepsi are struggling amid waning favor for soda, it appears Dr Pepper Snapple is doing something right. It will be interesting to see going forward how the company does for the rest of the year. Perhaps its deal with Keurig will prove a savvy move going forward, as Coca-Cola is also probably hoping with its own Keurig happenings.