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Sligro Food profit misses consensus by 23.7% in fiscal H1

Sligro Food Group NV said its normalized net income for the fiscal first half ended June 27 came to 53 euro cents per share, compared with the S&P Capital IQ consensus estimate of 69 cents per share.

EPS climbed 6.5% year over year from 49 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €23.1 million, a gain of 5.7% from €21.9 million in the prior-year period.

Total revenue climbed year over year to €1.27 billion from €1.26 billion, and total operating expenses grew year over year to €1.24 billion from €1.22 billion.

Reported net income rose 7.4% year over year to €29.0 million, or 66 cents per share, from €27.0 million, or 61 cents per share.