Cott Corp. said its normalized net income for the fiscal second quarter ended July 2 came to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.
EPS decreased 18.8% year over year from 12 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $12.2 million, compared with $12.1 million in the year-earlier period.
Total revenue fell on an annual basis to $765.0 million from $779.8 million, and total operating expenses declined year over year to $714.5 million from $729.4 million.
Reported net income grew year over year to $7.5 million, or 6 cents per share, from $2.0 million, or 2 cents per share.