J&J Snack Foods Corp. said its normalized net income for the fiscal first quarter ended Dec. 27, 2014, amounted to 60 cents per share, compared with the S&P Capital IQ consensus estimate of 70 cents per share.
EPS fell 9.8% year over year from 66 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $11.2 million, a decline of 9.7% from $12.4 million in the year-earlier period.
The normalized profit margin dropped to 5.3% from 6.1% in the year-earlier period.
Total revenue climbed on an annual basis to $212.8 million from $203.5 million, and total operating expenses grew 6.2% year over year to $196.1 million from $184.8 million.
Reported net income declined 9.1% from the prior-year period to $11.3 million, or 60 cents per share, from $12.4 million, or 66 cents per share.
