B&G Foods Inc. said its normalized net income for the fiscal first quarter ended April 4 came to 35 cents per share, compared with the S&P Capital IQ consensus estimate of 33 cents per share.
EPS climbed 6.7% year over year from 33 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $19.0 million, an increase of 6.9% from $17.8 million in the first quarter ended March 29, 2014.
The normalized profit margin declined to 8.7% from 9.0% in the year-earlier period.
Total revenue grew 9.6% on an annual basis to $217.1 million from $198.1 million, and total operating expenses rose 10.5% from the prior-year period to $175.2 million from $158.6 million.
Reported net income rose 9.3% year over year to $19.4 million, or 36 cents per share, from $17.7 million, or 33 cents per share.
