Campbell Soup Co. said its normalized net income for the fiscal second quarter ended Jan. 29 was 79 cents per share, compared with the S&P Capital IQ consensus estimate of 88 cents per share.
EPS fell year over year from 81 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $244.4 million, a decrease from $251.9 million in the prior-year period.
The normalized profit margin declined to 11.3% from 11.4% in the year-earlier period.
Total revenue decreased year over year to $2.17 billion from $2.20 billion, and total operating expenses declined on an annual basis to $1.75 billion from $1.78 billion.
Reported net income declined 61.5% from the prior-year period to $102.0 million, or 33 cents per share, from $265.2 million, or 85 cents per share.