Dr Pepper Snapple sales grow 3.8% as it plans for Keurig merger

By Laura Mullan
Dr Pepper Snapple Group announced that its net sales grew more than 3.8% to US$4.49bn last year. The full-year figures come a few weeks after Keurig Gr...

Dr Pepper Snapple Group announced that its net sales grew more than 3.8% to US$4.49bn last year.

The full-year figures come a few weeks after Keurig Green Mountain announced that it was buying the soft drink giant for nearly US$19bn in cash. 

Dr Pepper, who owns brands include Bai fruit drinks and the eponymous Dr Pepper, said that its fourth-quarter revenue changed little from a year ago at US$1.6bn. 

SEE ALSO:

The fourth quarter results fell short of the US$1.7bn predicted by Wall Street. 

The group's operating profit fell 3.1% to US$14bn, while net income rose 27% to US$1.08bn.

The drink giant’s non-carbonated drinks saw a 4% increase in volume on the year before, following the group's acquisition of Bai Brands two years ago. Meanwhile, the group’s branded carbonated soft drinks were 1% higher.

The tie-up of Keurig Green Mountain and Dr Pepper will allow Keurig and its owner JAB Holding Co, to utilise Dr Peppers distribution system for their coffee products. 

It was the largest soft drinks deal on record, according to financial markets platform Dealogic.

Dr Pepper Snapple has been a distant third in the US soft drinks market. According to market intelligence firm Euromonitor, the drinks group controls 8.5% of US sales compared with Coca-Cola’s 8.5% and PepsiCo’s 19%. 

Share

Featured Articles

Livestock data management platform Breedr raises £12mn

Breedr helps farmers improve their livestock productivity & sustainability. Investbridge Capital led a £12mn funding round to build better farm trading

Coca-Cola, Diginex & Reckitt tech to support supply chains

Respect for human rights is critical to good business, says Coca-Cola’s Paul Lalli, as the company joins diginexLUMEN to catch supply chain forced labour

Luxury food manufacturer Venchi on sustainable packaging

Cècile Osti, of luxury chocolate manufacturer Venchi, on Easter 2022, Sorrento lemons, sustainable packaging, natural ingredients & the pleasure of food

How has the pandemic affected sales at General Mills?

Food

Morrisons partners with Nestle in sustainability scheme

Retail

PepsiCo Launches pep+ a Strategic End-to-End Transformation

Drink