Kraft Heinz Intermediate Corp. II said its normalized net income for the fiscal fourth quarter ended Jan. 3 came to 93 cents per share, compared with the S&P Capital IQ consensus estimate of 57 cents per share.
EPS rose 7.9% year over year from 86 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.14 billion, a gain from $324.3 million in the fourth quarter ended Dec. 28, 2014.
The normalized profit margin rose to 20.6% from 11.6% in the year-earlier period.
Total revenue rose on an annual basis to $7.12 billion from $2.80 billion, and total operating expenses rose year over year to $5.00 billion from $2.10 billion.
Reported net income totaled $283.5 million, or 23 cents per share, compared to a loss of $18.9 million, or a loss of 5 cents per share, in the fourth quarter ended Dec. 28, 2014.
For the year, the company's normalized net income totaled $2.23 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.15.
EPS declined 25.6% from $3.00 in the prior year.
Normalized net income was $1.76 billion, a rise of 55.1% from $1.13 billion in the prior year.
Full-year total revenue grew 67.9% on an annual basis to $18.34 billion from $10.92 billion, and total operating expenses grew 70.9% on an annual basis to $14.22 billion from $8.32 billion.
The company said reported net income came to a loss of $267.2 million, or a loss of 34 cents per share, in the full year, compared with a loss of $64.1 million, or a loss of 17 cents per share, the prior year.