Dr Pepper soda in the warehouse at the Dr Pepper Snapple Group bottling plant in Louisville, Kentucky, in April 2015.
Luke Sharrett | Bloomberg | Getty Images
Dr. Pepper Snapple on Wednesday reported earnings that topped analysts' expectations.
The beverage maker reported adjusted earnings per share of 94 cents, handily beating expectations of 86 cents a share.
Revenue for the quarter totaled $1,487 million, compared with $1,451 million in the year-ago period.
Dr. Pepper Snapple said it now expects full-year 2016 adjusted earnings per share at high end of its previously communicated range of $4.20 to $4.30.
The company said it continues to expect capital spending to be approximately 3 percent of net sales, and it expects to repurchase $650 million to $700 million of its common stock.