Gerry Weber International AG said its normalized net income for the fiscal second quarter ended April 30 amounted to 23 euro cents per share, a decrease of 42.5% from 41 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €10.8 million, a decline of 42.5% from €18.7 million in the year-earlier period.
The normalized profit margin declined to 4.5% from 8.4% in the year-earlier period.
Total revenue climbed 8.0% on an annual basis to €240.3 million from €222.4 million, and total operating expenses grew 15.9% on an annual basis to €221.5 million from €191.1 million.
Reported net income decreased 46.1% on an annual basis to €11.4 million, or 25 cents per share, from €21.1 million, or 46 cents per share.
