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Dr Pepper Snapple Q1 profit climbs YOY

Dr Pepper Snapple Group Inc. said its normalized net income for the first quarter was 78 cents per share, compared with the S&P Capital IQ consensus estimate of 76 cents per share.

EPS climbed 6.0% year over year from 74 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $152.5 million, an increase from $147.5 million in the year-earlier period.

The normalized profit margin declined to 10.5% from 10.6% in the year-earlier period.

Total revenue rose on an annual basis to $1.45 billion from $1.40 billion, and total operating expenses increased year over year to $1.18 billion from $1.14 billion.

Reported net income increased from the prior-year period to $157.6 million, or 81 cents per share, from $155.6 million, or 78 cents per share.