Dr Pepper Snapple Slightly Ups Revenue in Q3

Dr Pepper Snapple Slightly Ups Revenue in Q3

Dr Pepper Snapple Group's quarterly earnings came to light today, and the numbers were generally positive, despite -- in CEO Larry Young's words -- the "extremely challenging environment" of the industry.

Revenue inched up 0.9% compared with the same quarter in 2012, with the company bringing in $1.5 billion. That number would have been a few percentage points higher, according to the company's press release, but was offset by a 1% sales volume decline. Reported earnings per share, however, were up 20% from Q3 2012, to $1.01, compared with $0.84.

As for profit margins, gross and operating profits came in at 57% and 19%, respectively, and took a slight dip from Q3 2012. Net income, meanwhile, rose two percentage points, from 11.7% in Q3 2012 to 13.4% this quarter.

The company has also given back significantly to shareholders throughout the year. Since the start of 2013, Dr Pepper Snapple has repurchased $243 million worth of stock and issued $225 million worth of dividends. Taking that into consideration, it is perhaps not surprising that cash coffers on the company's balance sheet have dropped from $383 million in Q3 2012 to $119 million.

The article Dr Pepper Snapple Slightly Ups Revenue in Q3 originally appeared on Fool.com.

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