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Dr Pepper Profit Up 3 Percent On Price Hikes

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dr pepper 85908453 Dr Pepper Profit Up 3 Percent On Price Hikes

NEW YORK (AP) - Dr Pepper Snapple Group Inc. says that higher prices for its portfolio of sodas, teas and juices helped raise its second-quarter net income by 3 percent.

The Fort Worth-based beverage company, which makes 7Up, Sunkist and Mott’s, said Thursday it lifted prices by 4 percent overall during the period. That offset a 1 percent dip in sales volume and the negative impact of a stronger dollar.

Sales volume of carbonated soft drinks was flat, with the company’s 10-calorie drink — Dr Pepper Ten — offsetting declines in Sun Drop and 7Up.

For the three months ended June 30, the company said it earned $178 million, or 83 cents per share. That’s compared with $172 million, or 77 cents per share, in the same period last year.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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