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.
