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In 2011, according to GuruFocus, the Dr. Pepper Snapple Group started a Rapid Continuous Improvement (RCI) initiative which uses Lean and Six Sigma in order to improve productivity and increase customer value. The initiative has paid off big for the company in the years since, providing $200 million in annualized cash productivity savings. The company, a leading manufacturer and distributor of non-alcoholic beverages in North America, is seeing growth and an even brighter future.
In the past five years, Dr. Pepper’s diluted EPS has increased by 64 percent and its dividend has grown by 82 percent. Its EPS is expected to grow 6.3 percent this year and nearly 7 percent in 2016, GuruFocus reported. As it continues to roll out its RCI initiative, it will also be continuing to build its brands and engage its customers through programming, products, and packaging.
The company is also hoping to expand its naturally sweetened soft drinks, GuruFocus noted. It will be launching a new line of unsweetened and slightly sweetened teas as well as building distribution for its glass bottle carbonated drinks, its Hawaiian Punch pouches, and bringing a new mineral water brand to the United States. GuruFocus recommends Dr. Pepper Snapple Group stocks, stating that stock is trading at 19.19 times forward PE. The corporation is looking at a dividend yield of 2.40 percent in 2015.
The reason so many companies across so many industries are turning to Lean Six Sigma is because it works. Six Sigma Training for your management and staff not only helps you improve your processes, but also helps you improve your brand through increased productivity and customer satisfaction.