February 18 /Waco, Texas/Airline Industry Information -- Dr Pepper Snapple Group Inc. reported its net sales for the fourth quarter of 2010 increased by 4% year-on-year and grew by 2% for the full year.
Net income for the fourth quarter dropped to $112 million (from $114 million a year ago) and fell to $528 million for the whole of 2010, against $555 million in 2009.
On a per-share basis fourth quarter 2010 diluted earnings were $0.49 compared with $0.44 per share in the prior year's fourth quarter. Excluding the loss on the early retirement of a portion of the 6.82% 2018 notes and certain tax-related items, diluted earnings per share were $0.67 compared with $0.44 a year ago.
Figures for the full year on a per-share basis show diluted earnings per share unchanged at $2.17. Excluding the loss on the early retirement of a portion of the 6.82% 2018 notes and certain tax-related items in 2010, and a net gain on certain distribution agreement changes and separation-related tax benefits in 2009, the company earned $2.40 per diluted share, an increase of 22% from $1.97 in the prior year.
Dr Pepper Snapple Group expects net sales for 2011 to increase by 3-5% and diluted earnings per share to be in the range of $2.70-2.78.
From the February 21, 2011, Prepared Foods' Daily News
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