Flowers Foods Inc. said its normalized net income for the fiscal first quarter ended April 23 was 27 cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.

EPS declined year over year from 28 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $57.7 million, a decrease from $59.3 million in the prior-year period.

The normalized profit margin fell to 4.8% from 5.2% in the year-earlier period.

Total revenue rose 5.1% on an annual basis to $1.20 billion from $1.15 billion, and total operating expenses climbed 5.7% from the prior-year period to $1.11 billion from $1.05 billion.

Reported net income decreased year over year to $59.6 million, or 28 cents per share, from $61.7 million, or 29 cents per share.