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Coca-Cola Bottling fiscal Q2 profit climbs 32.5% YOY

Coca-Cola Bottling Co. Consolidated said its normalized net income for the fiscal second quarter ended June 28 amounted to $1.90 per share, compared with the S&P Capital IQ consensus estimate of $2.15 per share.

EPS climbed 32.2% year over year from $1.44.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $17.8 million, an increase of 32.5% from $13.4 million in the prior-year period.

The normalized profit margin declined to 2.9% from 2.9% in the year-earlier period.

Total revenue grew 33.8% year over year to $614.7 million from $459.5 million, and total operating expenses grew 34.6% from the prior-year period to $576.4 million from $428.2 million.

Reported net income increased 95.7% year over year to $27.0 million, or $2.89 per share, from $13.8 million, or $1.48 per share.