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FIRST QUARTER REVEALS RECORD SALES, OPERATING PROFIT FOR DR PEPPER/ SEVEN-UP; DR PEPPER DECLARES REGULAR DIVIDEND ON PREFERRED STOCK

FIRST QUARTER REVEALS RECORD SALES, OPERATING PROFIT FOR DR PEPPER/
 SEVEN-UP; DR PEPPER DECLARES REGULAR DIVIDEND ON PREFERRED STOCK
 DALLAS, May 7 /PRNewswire/ -- Dr Pepper/Seven-Up Companies, Inc., the industry's third leading maker of soft drink concentrates and syrups, today filed its first quarter results on Form 10-Q with the Securities and Exchange Commission.
 Net sales for the three month period increased 18 percent of $161.5 million compared to $136.9 million for the first quarter of last year. Operating profit for the quarter increased 20 percent to $37.8 million while operating cash flow was up 14 percent to $42.8 million. Net loss for the first quarter ended March 31, 1991 was revised to $4.2 million. This compares to a $6.1 million for the same period in 1991.
 Dr Pepper Company also announced a regular dividend of $.34375 per share on its $1.375 senior exchangeable preferred stock, par value of $.01 per share. Dividends will be paid May 30, 1992 to stockholders of record at the close of business May 15, 1992.
 Dr Pepper/Seven-Up Companies, Inc. was formed in May 1988 to acquire Dr Pepper Company and The Seven-Up Company in a leveraged buyout transaction. Together, the brands of Dr Pepper Company and The Seven-Up Company comprise more than 10 percent of all soft drinks sold in the United States.
 DR PEPPER/SEVEN-UP COMPANIES, INC. AND SUBSIDIARIES
 Consolidated Statements of Operations
 (In thousands - Unaudited)
 Quarters ended March 31 1992 1991
 Net sales $ 161,541 $ 136,914
 Cost of sales 30,178 26,060
 Gross profit 131,368 110,854
 Operating expenses:
 Marketing 83,290 69,279
 General & administrative 6,467 6,269
 Amortization of intangible
 assets 3,788 3,789
 Total operating expenses 93,545 79,337
 Operating profit 37,818 31,517
 Other income (expense):
 Interest expense (38,596) (35,782)
 Interest income 1,657 159
 Other, net (4,689) (1,878)
 Total other income
 (expense) (41,628) (37,501)
 Loss before income
 taxes and extraordinary
 item (3,810) (5,984)
 Income tax expense 1,311 96
 Loss before extraordinary
 item (5,121) (6,080)
 Extraordinary item - benefit
 from utilization of net
 operating loss carryforwards (967) --
 Net loss $ (4,154) $ (6,080)
 Operating cash flow:
 Operating profit $ 37,818 $ 31,517
 Depreciation 711 936
 Amortization 3,788 3,789
 Other 450 1,119
 Operating cash flow $ 42,767 $ 37,361
 -0- 5/7/92
 /CONTACT: Jim Ball, 214-360-7812, or Tom Bayer, 214-360-7817, both of Dr Pepper/Seven-Up Companies/ CO: Dr Pepper/Seven-Up Companies, Inc. ST: Texas IN: FOD SU: ERN DIV


SM -- NY133 -- 7909 05/07/92 19:41 EDT
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Publication:PR Newswire
Date:May 7, 1992
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