Michael Kors Holdings Ltd. said its normalized net income for the fiscal fourth quarter ended March 28 amounted to 80 cents per share, compared with the S&P Capital IQ consensus estimate of 91 cents per share.

EPS climbed 6.9% year over year from 75 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $162.2 million, a gain of 4.9% from $154.6 million in the prior-year period.

The normalized profit margin dropped to 15.0% from 16.9% in the year-earlier period.

Total revenue grew 17.8% on an annual basis to $1.08 billion from $917.5 million, and total operating expenses increased 22.9% year over year to $824.0 million from $670.2 million.

Reported net income grew 12.9% year over year to $182.3 million, or 90 cents per share, from $161.5 million, or 78 cents per share.

For the year, the company's normalized net income totaled $3.82 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $4.29.

EPS rose 24.4% from $3.07 in the prior year.

Normalized net income was $785.4 million, a gain of 24.5% from $630.6 million in the prior year.

Full-year total revenue grew 32.0% year over year to $4.37 billion from $3.31 billion, and total operating expenses rose 35.3% on an annual basis to $3.11 billion from $2.30 billion.

The company said reported net income increased 33.1% year over year to $881.1 million, or $4.28 per share, in the full year, from $662.2 million, or $3.22 per share.