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Dr Pepper Snapple Q2 profit falls YOY

Dr Pepper Snapple Group Inc. said its normalized net income for the second quarter came to $1.13 per share, compared with the S&P Capital IQ consensus estimate of $1.28 per share.

EPS fell 11.5% year over year from $1.28.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $207.5 million, a decrease of 12.9% from $238.1 million in the prior-year period.

The normalized profit margin dropped to 11.5% from 14.0% in the year-earlier period.

Total revenue grew 6.0% on an annual basis to $1.80 billion from $1.70 billion, and total operating expenses rose 10.9% on an annual basis to $1.42 billion from $1.28 billion.

Reported net income decreased 27.7% from the prior-year period to $187.4 million, or $1.02 per share, from $259.2 million, or $1.39 per share.