DPS discloses Q2 earnings
PLANO, Texas Dr Pepper Snapple Group reported earnings per share of 60 cents for the second quarter, up from 59 cents in the year-ago period.
The company, however, had fewer shares outstanding in the latest quarter.
Net sales increased 2% reflecting sales volume growth, and revenue also rose with the help of DPS’ licensing agreements with PepsiCo, the company said. Dr Pepper also added that its carbonated soda volume rose 2%, although its "Core 4" brands –– 7UP, Sunkist soda, A&W and Canada Dry –– declined 1%. In its noncarbonated beverage sector, Hawaiian Punch volume grew 7%, Snapple grew 10% and Mott’s grew 3%.
Full-year 2010 diluted earnings per share are expected to be $2.35 to $2.43.
"Our portfolio of CSDs and value juices continued to post solid volume and share gains, further demonstrating their value to consumers. … We remain focused on delivering on our commitments for 2010, while building solid plans for 2011 and beyond," DPS president and CEO Larry Young said.
Dream Water makes its way to Walgreens
NEW YORK Dream Water once again is expanding its retail distribution.
The beverage maker announced that less than one year after initially launching in Duane Reade stores, its 2.5-oz. Dream Water shot will be available at Walgreens locations nationwide. In addition to Walgreens, Dream Water also is available in select Walmart stores, tri-state area Kmart and Harmon stores, and New York-based GNC and Duane Reade stores.
Dream Water is a relaxation water that helps consumers fall asleep.
"Just 10 months into our launch, Dream Water is resonating with both consumers and retailers alike. This positive response shows the relevance of our product in the marketplace, as Dream Water helps to fill a significant void in the lives of millions of Americans who suffer from sleep issues," said Adam Platzner, chief marketing officer of Dream Products.
"It’s rare to turn regional distribution into national distribution so swiftly; the fact that Dream Water has done it so successfully speaks to the considerable demand for our product," Platzner added. "It is with great pride and excitement that we are able to work with such well-respected retailers [as] Walgreens to offer Dream Water to people all across the country."
Nestle recalls fun-size bags of Raisinets
GLENDALE, Calif. Nestle USA announced its voluntary recall for one of its confections, which may contain peanuts.
The company said its Raisinets fun-size bags (10-oz. variety) with a production code of 02015748/UPC number 2800010255 may contain peanuts. The fun-size bags with this production code were sold in Target, Shop Rite and Don Quixote retail stores, the company said.
The company alerted the Food and Drug Administration and said no other Nestle products were impacted.