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Bonmarché profit misses consensus by 21.2% in fiscal H2

Bonmarché Holdings PLC said its normalized net income for the fiscal second half ended March 28 amounted to 8 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 10 pence per share.

EPS fell 15.3% year over year from 9 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £3.8 million, a decline of 19.1% from £4.7 million in the year-earlier period.

Total revenue grew 5.7% year over year to £87.5 million from £82.8 million, and total operating expenses climbed 8.1% year over year to £81.4 million from £75.3 million.

Reported net income rose 66.5% from the prior-year period to £4.9 million, or 10 pence per share, from £3.0 million, or 6 pence per share.

For the year, the company's normalized net income totaled 16 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 20 pence.

EPS rose 9.3% from 14 pence in the prior year.

Normalized net income was £7.8 million, an increase of 10.4% from £7.0 million in the prior year.

Full-year total revenue increased 8.7% year over year to £178.6 million from £164.3 million, and total operating expenses grew 8.6% year over year to £166.0 million from £152.8 million.

The company said reported net income rose 77.5% on an annual basis to £9.9 million, or 20 pence per share, in the full year, from £5.6 million, or 11 pence per share.