New Look Vision Group Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 26, 2015, amounted to 26 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 21 cents per share.
EPS climbed 80.0% year over year from 15 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$3.6 million, an increase of 83.8% from C$2.0 million in the prior-year period.
The normalized profit margin climbed to 8.1% from 4.8% in the year-earlier period.
Total revenue grew 9.3% year over year to C$44.6 million from C$40.8 million, and total operating expenses increased year over year to C$37.9 million from C$36.6 million.
Reported net income increased 90.2% year over year to C$3.9 million, or 28 cents per share, from C$2.0 million, or 15 cents per share.
For the year, the company's normalized net income totaled 79 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 91 cents.
EPS rose 30.9% from 60 cents in the prior year.
Normalized net income was C$10.8 million, a gain of 36.8% from C$7.9 million in the prior year.
Full-year total revenue grew 24.5% from the prior-year period to C$174.6 million from C$140.2 million, and total operating expenses grew 23.8% on an annual basis to C$152.7 million from C$123.3 million.
The company said reported net income rose 18.7% on an annual basis to C$9.2 million, or 67 cents per share, in the full year, from C$7.8 million, or 59 cents per share.