Dr Pepper Snapple Group Inc. said its first-quarter normalized net income amounted to 81 cents per share, compared with the S&P Capital IQ consensus estimate of 97 cents per share.
EPS fell 12.9% year over year from 93 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $149.4 million, a decrease of 14.9% from $175.6 million in the prior-year period.
The normalized profit margin dropped to 9.9% from 11.8% in the year-earlier period.
Total revenue grew year over year to $1.51 billion from $1.49 billion, and total operating expenses climbed 5.1% from the prior-year period to $1.23 billion from $1.17 billion.
Reported net income totaled $177.2 million, or 96 cents per share, compared with $181.4 million, or 96 cents per share, in the prior-year period.
