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SNAPPLE BEVERAGE CORP. REPORTS FIRST QUARTER 1993 EARNINGS

 VALLEY STREAM, N.Y., May 4 /PRNewswire/ -- Snapple Beverage Corp. (NASDAQ-NMS: SNPL) today reported record volumes, net revenues and operating income for the quarter ended March 31, 1993. Volumes increased by 145 percent, net revenues by 147 percent, and operating income by 214 percent over the first quarter of 1992. Net income was eight times and earnings per share was ten times the pro forma results for the first quarter of 1992.
 Earnings for the quarter were driven by continued share and volume increases in established and expansion markets. Profit margins improved primarily due to reductions in costs of production as a result of increased economies of scale.
 Actual historical results are for the predecessor company and are not directly comparable to current results due to non-recurring charges associated with the acquisition of the assets of the predecessor company on April 1, 1992 and the offering of 14.5 percent of the common equity to the public in December 1992. In order to present the results of the predecessor company on a comparable basis, pro forma adjustments were made which assume that the acquisition and offering occurred on Jan. 1, 1991.
 SNAPPLE BEVERAGE CORP.
 Statement of Operations
 (Unaudited, figures in thousands, except per share data)
 Actual Results Pro Forma Results
 Quarter ended March 31 1993 1992(A) 1992(A)
 Case sales 7,179 2,925 2,925
 Net revenues $65,417 $26,468 $26,468
 Operating income before
 amortization of
 tangible assets 12,451 3,966 3,819
 Net income 6,078 (B) 722
 Net income per share 0.20 (B) 0.02
 Weighted average shares
 outstanding 30,398 (B) 30,359
 (A) -- Results for the predecessor company.
 (B) -- Net income and earnings per share are not comparable as the predecessor company was a privately held "S" Corporation.
 -0- 5/4/93
 /CONTACT: Adam Feild of Snapple Beverage Corp., 516-872-4800, ext. 1172/
 (SNPL)


CO: Snapple Beverage Corp. ST: New York IN: FOD SU: ERN

TS-OS -- NY017 -- 4176 05/04/93 09:05 EDT
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Publication:PR Newswire
Date:May 4, 1993
Words:333
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