John B. Sanfilippo & Son Inc. said its normalized net income for the fiscal second quarter ended Dec. 25, 2014, came to 74 cents per share, compared with the S&P Capital IQ consensus estimate of 69 cents per share.
EPS increased year over year from 73 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $8.3 million, an increase from $8.1 million in the year-earlier period.
The normalized profit margin fell to 3.3% from 3.6% in the year-earlier period.
Total revenue grew 11.7% on an annual basis to $251.4 million from $225.1 million, and total operating expenses increased 12.3% from the prior-year period to $237.2 million from $211.2 million.
Reported net income fell 8.6% on an annual basis to $8.4 million, or 75 cents per share, from $9.2 million, or 83 cents per share.
