|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||89.19 - 91.00|
|52 Week Range||81.05 - 99.47|
|PE Ratio (TTM)||21.46|
|Dividend & Yield||2.32 (2.53%)|
|1y Target Est||N/A|
Dr Pepper Snapple Group Inc. (NYSE:DPS) shares declined Thursday as the company lowered its profit forecast for the current fiscal year. A default by a company supplying resin to its Mexican operations will hurt Dr Pepper Snapple Group’s business due to the Sept. 19 earthquake in Mexico. The company has enough supplies to reach its resin needs, but certain prepaid resin inventory will have to be written off due to the default, which took place at the supplier’s resin plant.
Dr Pepper's (DPS) 2017 results will get adversely affected owing to a default by its resin supplier, the recent hurricanes in the United States and the earthquake in Mexico.
Beverage maker Dr Pepper Snapple Group Inc cut its full-year forecast as it expects to take a charge in the third quarter following a default by a company supplying resin to its Mexican operations. Pepper Snapple also said its operations were impacted by hurricanes affecting certain parts of the United States, the Caribbean and the Sept. 19 earthquake in Mexico, but was unable to determine the impact to its results. The default had occurred at the supplier's resin plant.