Boston Beer Co. Inc. said its normalized net income for the fiscal second quarter ended June 27 amounted to $2.14 per share, compared with the S&P Capital IQ consensus estimate of $1.95 per share.
EPS increased 13.7% year over year from $1.89.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $29.3 million, a gain of 15.2% from $25.4 million in the prior-year period.
The normalized profit margin rose to 11.6% from 11.0% in the year-earlier period.
Total revenue rose 8.9% year over year to $252.2 million from $231.6 million, and total operating expenses rose 7.5% from the prior-year period to $205.4 million from $191.1 million.
Reported net income grew 17.8% on an annual basis to $29.8 million, or $2.18 per share, from $25.3 million, or $1.88 per share.