Cal-Maine Foods Inc. said its normalized net income for the fiscal second quarter ended Nov. 29 came to 72 cents per share, compared with the S&P Capital IQ consensus estimate of 76 cents per share.
EPS climbed 37.5% year over year from 53 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $35.1 million, an increase of 37.9% from $25.4 million in the prior-year period.
The normalized profit margin increased to 9.3% from 7.2% in the year-earlier period.
Total revenue rose 6.9% on an annual basis to $378.6 million from $354.3 million, and total operating expenses rose from the prior-year period to $323.0 million from $313.4 million.
Reported net income grew 41.1% from the prior-year period to $36.8 million, or 76 cents per share, from $26.1 million, or 54 cents per share.
