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SNAPPLE BEVERAGE CORP. REPORTS SECOND QUARTER 1993 RESULTS

 VALLEY STREAM, N.Y., Aug. 3 /PRNewswire/ -- Snapple Beverage Corp. today reported record case volumes, net revenues, operating income and earnings per share for the quarter ended June 30, 1993. Case sales increased by 103 percent, over the year ago quarter, and volume momentum is continuing in the current period. Net revenues increased by 103 percent, and operating income by 126 percent over the pro forma results for second quarter of 1992. Net income of $14.6 million and earnings per share of $0.24 were up approximately 165 percent over the pro forma results for the second quarter of 1992 at $0.09 per share.
 Mr. Natural, Inc., Snapple's metropolitan New York distributor, was acquired on June 30, 1993, and is expected to be a contributor to Snapple's consolidated EPS going forward. Had the acquisition of Mr. Natural occurred on Jan. 1, 1992, on a pro forma basis, Mr. Natural would have added approximately $0.02 per share to the results for the quarter ended June 30, 1993.
 Earnings for the quarter were driven by continued growth by the company in both established and expansion markets. The total market for ready-to-drink iced tea and single serving fruit juices and drinks grew 87 percent and 12 percent, respectively, during the first six months of 1993.
 Actual historical financial results are not directly comparable to current results due to non-recurring charges associated with the acquisition 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 company on a comparable basis, pro forma adjustments were made which assume that the acquisition and offering occurred on Jan. 1, 1991.
 SNAPPLE BEVERAGES CORP.
 Statements of Operations
 (Figures in thousands, except per share -- Unaudited(A))
 Actual Results Pro Forma Results
 Quarter ended June 30 1993 1992 1992
 Case Sales 14,191 7,005 7,005
 Net revenues $129,955 $64,054 $64,054
 Operating income before
 amortization of intangible
 assets 26,276 6,052 11,623
 Income (loss) before taxes 23,617 (754) 9,066
 Net income (loss) $14,572 $(456) $5,500
 Net income per share $0.24 N/A $0.09
 (A) Figures do not include the results of Mr. Natural which was acquired by the company on June 30, 1993.
 -0- 8/3/93
 /CONTACT: Adam Feild of Snapple Beverages, 516-872-4800/
 (SNPL)


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

WB-SM -- NY085 -- 9040 08/03/93 16:15 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
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