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Cara Operations profit misses consensus by 27.8% in fiscal Q3

Recipe Unlimited Corp. said its normalized net income for the fiscal third quarter ended Sept. 27 came to 23 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 32 cents per share.

EPS rose 66.6% year over year from 14 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$12.1 million, an increase from C$3.7 million in the year-earlier period.

The normalized profit margin increased to 14.5% from 5.2% in the year-earlier period.

Total revenue increased 15.8% year over year to C$83.7 million from C$72.3 million, and total operating expenses climbed 9.9% year over year to C$63.1 million from C$57.4 million.

Reported net income grew year over year to C$19.0 million, or 36 cents per share, from C$2.1 million, or 8 cents per share.