Recipe Unlimited Corp. said its normalized net income for the fiscal fourth quarter ended Dec. 27, 2015, came to 26 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 34 cents per share.
EPS increased year over year from 11 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$13.2 million, an increase from C$1.9 million in the prior-year period.
The normalized profit margin rose to 16.6% from 2.7% in the year-earlier period.
Total revenue increased 16.6% on an annual basis to C$82.2 million from C$70.5 million, and total operating expenses climbed year over year to C$60.4 million from C$59.8 million.
Reported net income came to C$58.5 million, or C$1.15 per share, compared to a loss of C$4.5 million, or a loss of 25 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled 86 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of C$1.19.
EPS rose 84.1% from 47 cents in the prior year.
Normalized net income was C$40.6 million, a rise from C$13.4 million in the prior year.
Full-year total revenue increased 15.9% year over year to C$320.7 million from C$276.8 million, and total operating expenses grew 8.1% year over year to C$239.6 million from C$221.7 million.
The company said reported net income increased year over year to C$99.4 million, or C$2.10 per share, in the full year, from C$5.5 million, or 19 cents per share.