Plano, Texas-based Dr Pepper Snapple Group (DPS) released it second quarter 2016 financial results. For the quarter, reported net sales increased 2 percent based on favorable product and package mix, net price increases and a 1 percent increase in sales volumes, which were partially offset by unfavorable segment mix. Net sales growth was further reduced by 2 percentage points as a result of unfavorable foreign currency translation.
Year-to-date, reported net sales increased 2 percent. Reported income from operations was $725 million, including $32 million in unrealized commodity market-to-market gains. Reported income from operations in the prior-year-period was $639 million, which included $4 million in unrealized commodity mark-to-market gains. Core income from operations was $693 million, up 9 percent, representing 21.8 percent of net sales compared with 20.5 percent in the prior year.