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Snyder's-Lance fiscal Q2 profit climbs 37.5% YOY


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Snyder's-Lance fiscal Q2 profit climbs 37.5% YOY

Snyder's-Lance Inc. said its normalized net income for the fiscal second quarter ended July 4 amounted to 26 cents per share, compared with the S&P Capital IQ consensus estimate of 26 cents per share.

EPS rose 36.6% year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $18.4 million, a gain of 37.5% from $13.4 million in the second quarter ended June 28, 2014.

The normalized profit margin climbed to 3.9% from 3.4% in the year-earlier period.

Total revenue climbed 8.0% year over year to $431.4 million from $399.6 million, and total operating expenses increased 6.9% year over year to $399.3 million from $373.5 million.

Reported net income increased on an annual basis to $17.1 million, or 24 cents per share, from $7.8 million, or 11 cents per share.