DR PEPPER/SEVEN UP, INC. ANNOUNCES THIRD QUARTER VOLUMES
04 Nov 99
Cadbury Schweppes plc today reported that its US soft drinks business grew volumes in the third quarter by over 1%, ahead of the US soft drink market for the third consecutive quarter. The key numbers for 1999 are as follows:
Brand
Q1
Q2
Q3
YTD
%
%
%
%
Dr Pepper
+5
+4
+3
+4
All Other
+5
+3
+3
+4
7 UP
-2
-3
-6
-4
DPSU
+3
+2
+1
+2
TOTAL MARKET
+2
+1
+1
+1
Dr Pepper/Seven Up (DPSU) continued to outperform the US soft drink market in the third quarter of 1999 recording an increase of over 1% against a market which grew less than 1%.
Dr Pepper had another excellent quarter with volume growing at three times the market rate.
All Other growth was driven by significant increases in most brands including Canada Dry (+4%), A&W (+6%), Sunkist (+12%), Welch's (+16%), Country Time (+17%) and IBC (+20%).
7 UP had a difficult quarter reflecting short-term disruption caused by restructuring at The American Bottling Company and a weaker performance in the Pepsi system.
Total DPSU share in the combined Food/Drug/Mass channels, as measured by AC Nielsen, was 15.7, up 0.6 of a point from a year ago.
John Brock, Managing Director of Cadbury Schweppes Beverages Stream, said, "DPSU has outperformed the market for three consecutive quarters and gained total market share on the back of its outstanding non-cola brand portfolio, a more secure route-to-market and a dedicated team of employees. We recognise the challenge of 7 UP and remain committed to improving its performance".
for
further information contact:
media enquiries
Dora McCabe
Head of Group Public Relations
Tel: +44 (0)20 7830 5127
Fax: +44 (0)20 7830 5137
contact Dora McCabe
general enquiries
investor enquiries
Sally Jones
Investor Relations Director/Finance Director Global Commercial
Tel: +44 (0)20 7409 5124
Fax: +44 (0)20 7830 5157
contact Sally Jones
David Kappler
Chief Financial Officer
Tel: +44 (0)20 7409 1313
