Hibbett Sports Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 amounted to 79 cents per share, compared with the S&P Capital IQ consensus estimate of 68 cents per share.
EPS climbed 22.8% year over year from 64 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $19.9 million, an increase of 18.0% from $16.9 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin rose to 8.3% from 7.7% in the year-earlier period.
Total revenue increased 9.9% on an annual basis to $239.3 million from $217.8 million, and total operating expenses rose 8.7% from the prior-year period to $207.4 million from $190.7 million.
Reported net income rose 17.5% year over year to $20.0 million, or 79 cents per share, from $17.0 million, or 65 cents per share.
For the year, the company's normalized net income totaled $2.88 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.76.
EPS rose 6.3% from $2.71 in the prior year.
Normalized net income was $73.7 million, a rise from $71.1 million in the prior year.
Full-year total revenue increased 7.2% from the prior-year period to $913.5 million from $852.0 million, and total operating expenses rose 7.8% on an annual basis to $795.3 million from $738.1 million.
The company said reported net income increased on an annual basis to $73.5 million, or $2.87 per share, in the full year, from $70.9 million, or $2.70 per share.
