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Campbell Soup Co. fiscal Q2 profit falls YOY

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.