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Dr Pepper Snapple Group Inc.

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Dr Pepper’s first-quarter 2018 earnings missed the Zacks Consensus Estimate while revenues beat the same. Earnings declined 3% but revenues grew 5.6% from the year-ago quarter. Revenues benefited from growth in sales volumes, favorable product and package mix, segment mix as well as foreign currency translation. The company’s first-quarter gross profit was up 1.1% from the prior-year quarter. Meanwhile, Dr. Pepper recently announced its acquisition agreement with the well-known coffee maker Keurig Green Mountain, Inc. The deal is scheduled to close in the second quarter of 2018. Notably, shares of the company have outperformed the industry in the past year. However, earnings estimates for 2018 have declined over the past 30 days, reflecting analysts’ concern on its prospects.

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