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Hershey fiscal Q2 profit climbs YOY

The Hershey Company said its normalized net income for the fiscal second quarter ended July 5 amounted to 76 cents per share, compared with the S&P Capital IQ consensus estimate of 75 cents per share.

EPS increased 6.4% year over year from 71 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $167.0 million, an increase from $160.8 million in the second quarter ended June 29, 2014.

The normalized profit margin increased to 10.7% from 10.2% in the year-earlier period.

Total revenue came to $1.58 billion, compared with $1.58 billion in the prior-year period, and total operating expenses came to $1.29 billion, compared with $1.30 billion in the prior-year period.

Reported net income totaled a loss of $103.2 million, or a loss of 47 cents per share, compared with income of $168.7 million, or 75 cents per share, in the second quarter ended June 29, 2014.