Dr Pepper Snapple Group Inc Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates; Raises Quarterly Dividend

Dr Pepper Snapple Group Inc announced that for fiscal 2013, it expects net sales growth of approximately 3% and diluted earnings per share to be in the $3.04 to $3.12 range, excluding the impact of commodity mark-to-market gains and losses. The Company reported revenue of $5.995 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $6.167 billion and EPS of $3.20 for fiscal 2013. The Company also announced that its Board of Directors declared a quarterly dividend of $0.38 per share on the Company`s common stock - a 12% increase in the dividend rate. The dividend is payable in U.S. dollars on April 5, 2013, to shareholders of record as of close of business on March 15, 2013.