Express Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to 55 cents per share, compared with the S&P Capital IQ consensus estimate of 46 cents per share.
EPS declined 5.0% year over year from 58 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $46.6 million, a decrease from $48.9 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin fell to 6.5% from 6.8% in the year-earlier period.
Total revenue grew on an annual basis to $725.8 million from $715.9 million, and total operating expenses grew from the prior-year period to $644.3 million from $631.9 million.
Reported net income decreased 11.0% from the prior-year period to $42.3 million, or 50 cents per share, from $47.5 million, or 56 cents per share.
For the year, the company's normalized net income totaled 90 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 77 cents.
EPS declined 36.0% from $1.41 in the prior year.
Normalized net income was $76.5 million, a fall of 36.4% from $120.2 million in the prior year.
Full-year total revenue fell year over year to $2.17 billion from $2.22 billion, and total operating expenses totaled $2.02 billion, compared with $2.01 billion in the prior-year period.
The company said reported net income declined 41.2% on an annual basis to $68.5 million, or 81 cents per share, in the full year, from $116.5 million, or $1.37 per share.
