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Dr Pepper Snapple Sales Slip, Still Beats Expectations

Dr. Pepper Snapple Group reported a decline in fourth-quarter sales but still managed to beat Wall Street expectations. Excluding items, the soft drinks maker reported earnings of 97 cents a share, beating analyst expectations for earnings of 85 cents a share, according to Thomson Reuters. Dr Pepper acknowledged that its soda division continues to face significant headwinds as U.S. soda consumption has been on the decline. Sales volume fell by 4% -- which was partially offset by higher prices, according to the company.