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B&G Foods fiscal Q2 profit climbs 6.9% YOY

B&G Foods Inc. said its normalized net income for the fiscal second quarter ended July 4 came to 32 cents per share, compared with the S&P Capital IQ consensus estimate of 33 cents per share.

EPS rose year over year from 32 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $18.2 million, a gain of 6.9% from $17.0 million in the second quarter ended June 28, 2014.

The normalized profit margin increased to 9.4% from 8.4% in the year-earlier period.

Total revenue declined on an annual basis to $193.6 million from $202.9 million, and total operating expenses decreased 6.3% year over year to $153.5 million from $163.9 million.

Reported net income grew 16.1% from the prior-year period to $18.7 million, or 33 cents per share, from $16.1 million, or 30 cents per share.