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John B. Sanfilippo & Son profit beats consensus by 47.3% in fiscal Q3

John B. Sanfilippo & Son Inc. said its normalized net income for the fiscal third quarter ended March 26 came to 56 cents per share, compared with the S&P Capital IQ consensus estimate of 38 cents per share.

EPS climbed year over year from 26 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.3 million, a gain from $2.9 million in the prior-year period.

The normalized profit margin increased to 2.9% from 1.7% in the year-earlier period.

Total revenue increased 20.1% year over year to $209.4 million from $174.3 million, and total operating expenses increased 17.6% from the prior-year period to $198.3 million from $168.6 million.

Reported net income increased 77.6% from the prior-year period to $6.5 million, or 58 cents per share, from $3.7 million, or 33 cents per share.