Dr Pepper Snapple Group Inc. (DPS), Plano, Texas, reported positive net sales for both the fourth quarter of 2014 and the full year.
For the quarter, reported net sales increased 3 percent on a 2 percent increase in sales volumes and favorable product, package and segment mix, which were partially offset by 1 percentage point of unfavorable foreign currency translation. Reported income from operations for the quarter was $256 million, including a $23 million unrealized commodity mark-to-market loss and a $14 million charge due to the annuitization of certain pension obligations.