Home Wealth  Money Food and Beverage News: Heinz, Dr Pepper Snapple

Food and Beverage News: Heinz, Dr Pepper Snapple

Posted: Nov. 19th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Food producer H.J. Heinz reported a decline in fiscal second quarter earnings today.

Profits fell to $237 million, or $0.73 per share, from $251.4 million, or $0.78 per share, in last year's second quarter. Adjusted earnings of $0.81 per share were just ahead of analyst estimates.

Sales missed analyst expectations, however, rising to $2.83 billion from $2.61 billion last year.

Heinz (nyse: HNZ - news - people ) reaffirmed its full year earnings outlook, which falls short of Wall Street forecasts.

Late yesterday, Dr Pepper Snapple Group (nyse: DPS - news - people ) announced its board had approved an additional $1 billion in stock buybacks.

Dr Pepper noted that the company has now authorized a total of $3 billion in shares repurchases, and that it bought back about $1.5 billion in common stock through the third quarter.

The beverage producer also declared a quarterly dividend of $0.32 per share.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Write a Story/Review about this topic

Post a Comment

 
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Jude Law Wants to Dance His Way to Winning a Luxury Boat in Johnnie Walker Blue Label's New Film
Artist Eric Joyner Reimagines The Usual Suspects With Donut-Loving Robots
The Mansions at Acqualina Announce $50M Customizable Palazzo di Ricchezze Penthouse
Jaguar Debuts Exclusive Limited-Run F-TYPE Project 7
Executive Chef Edmund Wong Shares His BBQ Secrets Before Upcoming Bellagio Event
The Omega M3000 Milkshake Machine That Will Bring All the Boys to the Yard
Win the Baby Shower Battle With This $1,200 Dream Premium Special Edition Bassinet
Let Verónica Martínez's LEAF Swing Propel You Into Summer
Visit the Architecture and History of 11 of the World's Most Stunning Opera Houses
Qantas' New Massive Los Angeles Business Lounge On Track to Accommodate 600 Flyers
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE