Food Business News - February 24, 2015 - (Page 38)

Company Profile seizing opportunities New teas, expansion of mineral water line and Keurig partnership bring punch to portfolio r Pepper Snapple Group only has been a standalone, publicly-traded company on the New York Stock Exchange for a short time - a little less than seven years to be exact - but the company's brands have a history dating back three centuries. From the birth of the first soft drink in 1783 when Jean Jacob Schweppe created the first carbonated mineral water to Charles Alderton's invention of Dr Pepper in 1885 to D the creation of an apple soda called Snapple in 1973, the brands that now make up the Dr Pepper Snapple portfolio have a rich history. Today, Dr Pepper Snapple Group markets more than 50 brands of carbonated soft drinks, juices, teas, mixers, waters and other premium beverages. In addition to Dr Pepper and Snapple, the company's portfolio includes 7UP, A&W, Canada Dry, Clamato, Crush, Hawaiian Punch, Mott's, Mr & Dr Pepper plans to bring Peñafiel, the top selling mineral water brand in Mexico, to the United States in 2015. 38 FOODBUSINESS NEWS ® Mrs T mixers, Peñafiel, Rose's, Schweppes, Squirt and Sunkist. The ability to continue to deliver innovation that gives consumers options to help them live a balanced lifestyle led to strong fiscal 2014 performance at Dr Pepper Snapple Group, Inc. Net income in the year ended Dec. 31, 2014, totaled $703 million, equal to $3.59 per share on the common stock, up 13% from $624 million, or $3.08 per share, in fiscal 2013. Net revenues for the full year also improved, rising 2% to $6,121 million from $5,997 million. "I am proud of our strong performance in 2014," Larry Young, president and chief executive officer, said during a Feb. 12 conference call with analysts. "We continued to operate in a competitive environment with continuing headwinds against C.S.D.s (carbonated soft drinks), particularly diets. And yet our teams remained focused on our strategy and delivered solid results against our key priorities." Mr. Young said Dr Pepper was able to connect and engage with consumers through its football and 7UP electronic dance music programs, and also delivered innovation with the national launches of Canada Dry and Schweppes sparkling waters, and test-market introduction of naturally sweetened C.S.D.s. "This year we're expanding the test of naturally sweetened C.S.D.s to three key regional markets and launching Snapple Straight Up Tea, a new line of unsweetened and slightly sweetened teas in 18.5-oz PET bottles," he said. "We are also expanding distribution on our glass bottle C.S.D.s and launching Hawaiian Punch in a pouch format, giving mom an on-thego option for the fruit drink her kids love." He said the company benefited from the ability of the TEN platform to bring lapsed occasions back into C.S.D.s. "Whenever I talk about bringing lapsed users back, not only bringing (those) that have left C.S.D.s, and let's say from our research we are showing a lot of them went to fruit juices, to sports drinks," he said. "Now with the TEN, they're coming back to C.S.D.s. And so, we still remain very, very committed to the TEN platform. Our guys are doing some great execution out there. "You know, it helps us also on diets, because it doesn't mention diet on there, and so it doesn't seem to be affected as much. But, you've heard me say before, it takes a long time to build a brand. We told everybody in the beginning, whenever we first came out with Dr Pepper TEN three years ago, that we were going to stay committed to it and continue to build it. All the results we're February 24, 2015

Table of Contents for the Digital Edition of Food Business News - February 24, 2015

Food Business News - February 24, 2015
General Mills accepts the C.P.G. challenge
Gluten-free front and center
Mexican trade rift looms over Sweetener Colloquium
Table of Contents
Web Contents
Editorial - Subscription models may offer unique marketing opportunities
Confectionery companies switching to simpler ingredients
McCormick to acquire Italian spices and seasonings company
Mondelez has big plans to grow small platforms
WhiteWave Foods ‘busting at the seams'
More c-suite change at Kraft Foods
Keurig in transition
Mondelez acquires Enjoy Life Foods
Innovation paying for PepsiCo
TreeHouse Foods trims expectations
Kraft cleans up Capri Sun
Washington - Federal bills seek to mandate G.M.O. food labeling
Company Profile - Dr Pepper Snapple Group seizing opportunities
Capitalizing on R.C.I.
Ingredient Innovations - Clean label starches get tougher
Are clean labels and G.M.O. ingredients compatible?
More clean label ingredient opportunities
Dairy Business News - Yogurt, the next generation
New Food Products
Ingredient Market Trends - Belt-tightening time for U.S. agriculture in 2015-16
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - February 24, 2015