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Sligro Food fiscal H2 profit climbs 32.7% YOY

Sligro Food Group NV said its normalized net income for the fiscal second half ended Jan. 2 came to 98 euro cents per share, compared with the S&P Capital IQ consensus estimate of €1.13 per share.

EPS climbed 29.7% year over year from 75 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €43.1 million, a gain of 32.7% from €32.5 million in the second half ended Dec. 27, 2014.

Total revenue climbed 6.4% on an annual basis to €1.40 billion from €1.31 billion, and total operating expenses increased 5.6% on an annual basis to €1.33 billion from €1.26 billion.

Reported net income grew 23.8% from the prior-year period to €52.0 million, or €1.18 per share, from €42.0 million, or 97 cents per share.

For the year, the company's normalized net income totaled €1.50 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.94.

EPS rose 23.8% from €1.22 in the prior year.

Normalized net income was €66.3 million, a rise of 24.7% from €53.1 million in the prior year.

Full-year total revenue rose from the prior-year period to €2.67 billion from €2.57 billion, and total operating expenses increased year over year to €2.57 billion from €2.48 billion.

The company said reported net income grew 17.4% year over year to €81.0 million, or €1.84 per share, in the full year, from €69.0 million, or €1.58 per share.