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Campbell Soup Co. fiscal Q1 profit climbs 11.1% YOY

Campbell Soup Co. said its normalized net income for the fiscal first quarter ended Nov. 2 was 68 cents per share, compared with the S&P Capital IQ consensus estimate of 72 cents per share.

EPS rose 11.5% year over year from 61 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $214.4 million, an increase of 11.1% from $192.9 million in the first quarter ended Oct. 27, 2013.

The normalized profit margin increased to 10.7% from 8.9% in the year-earlier period.

Total revenue grew on an annual basis to $2.25 billion from $2.17 billion, and total operating expenses rose year over year to $1.90 billion from $1.82 billion.

Reported net income increased 29.4% from the prior-year period to $233.8 million, or 74 cents per share, from $180.7 million, or 57 cents per share.