date:Aug 08, 2013
Impairment charges and other expenses hurt earnings at Snyders-Lance, Inc. in the second quarter of fiscal 2013. Net income in the quarter ended June 29 was $12,979,000, equal to 19c per share on the common stock, down 33% from $19,325,000, or 28c per share, in the same period a year ago.
Excluding special items, though, net income increased 12% in the most recent quarter to $16,903,000, up from $15,045,000 in the same period a year ago.
Net revenue rose 10% to $439,051,000, up from $399,400,0