Dr Pepper to record $45 million gain in first quarter
March 02, 2009
by FoodBusinessNews.net Staff
PLANO, TEXAS — Dr Pepper Snapple Group, Inc. said it will record a one-time gain of $45 million in the first quarter of fiscal 2009 related to its settlement with Hansen Beverage Co. Hansen, which paid $48 million to settle with Dr Pepper Snapple, terminated its Monster Energy drinks distribution agreement with Dr Pepper last November.
Dr Pepper Snapple said it will use the proceeds to help reduce debt.