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Pinnacle Foods fiscal Q4 profit climbs 62.5% YOY

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Pinnacle Foods fiscal Q4 profit climbs 62.5% YOY

4246621 said its normalized net income for the fiscal fourth quarter ended Dec. 27, 2015, amounted to 70 cents per share, compared with the S&P Capital IQ consensus estimate of 69 cents per share.

EPS rose 61.8% year over year from 43 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $82.5 million, an increase of 62.5% from $50.7 million in the year-earlier period.

The normalized profit margin climbed to 11.4% from 7.2% in the year-earlier period.

Total revenue climbed on an annual basis to $722.5 million from $705.3 million, and total operating expenses declined 5.6% from the prior-year period to $568.2 million from $601.8 million.

Reported net income increased on an annual basis to $78.7 million, or 67 cents per share, from $36.2 million, or 31 cents per share.

For the year, the company's normalized net income totaled $1.89 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.91.

EPS rose 24.0% from $1.52 in the prior year.

Normalized net income was $221.3 million, a rise of 24.4% from $177.9 million in the prior year.

Full-year total revenue grew on an annual basis to $2.66 billion from $2.59 billion, and total operating expenses totaled $2.21 billion, compared with $2.21 billion in the prior-year period.

he company said reported net income declined 14.7% year over year to $212.4 million, or $1.81 per share, in the full year, from $249.0 million, or $2.13 per share.Pinnacle Foods Inc.

4246621 said its normalized net income for the fiscal fourth quarter ended Dec. 27, 2015, amounted to 70 cents per share, compared with the S&P Capital IQ consensus estimate of 69 cents per share.