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Kraft Heinz Intermediate Corp. II profit beats consensus by 27.5% in fiscal Q1

4163071 said its normalized net income for the fiscal first quarter ended April 3 amounted to 78 cents per share, compared with the S&P Capital IQ consensus estimate of 61 cents per share.

EPS rose 29.0% year over year from 60 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $953.5 million, a gain from $240.8 million in the first quarter ended March 29, 2015.

The normalized profit margin rose to 14.5% from 9.7% in the year-earlier period.

otal revenue climbed on an annual basis to $6.57 billion from $2.48 billion, and total operating expenses grew from the prior-y Kraft Heinz Intermediate Corp. II.