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Premium Brands fiscal-year profit climbs 91.7% YOY

Premium Brands Holdings Corp. said its normalized net income for the fiscal full year ended Dec. 26, 2015, was C$1.49 per share, compared with the S&P Capital IQ consensus estimate of C$1.75 per share.

EPS increased 73.2% year over year from 86 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$36.5 million, a gain of 91.7% from C$19.0 million in the year-earlier period.

The normalized profit margin rose to 2.5% from 1.6% in the year-earlier period.

Total revenue rose 21.5% year over year to C$1.48 billion from C$1.22 billion, and total operating expenses grew 20.1% year over year to C$1.40 billion from C$1.17 billion.

Reported net income rose 32.1% year over year to C$16.7 million, or 68 cents per share, from C$12.6 million, or 57 cents per share.