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Francesca's Holdings fiscal Q1 profit falls 22.7% YOY

Francesca's Holdings Corp. said its normalized net income for the fiscal first quarter ended May 3 amounted to 21 cents per share, compared with the S&P Capital IQ consensus estimate of 22 cents per share.

EPS declined 18.1% year over year from 25 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $8.7 million, a decrease of 22.7% from $11.2 million in the prior-year period.

The normalized profit margin declined to 10.2% from 14.2% in the year-earlier period.

Total revenue increased 8.1% on an annual basis to $85.4 million from $79.0 million, and total operating expenses grew 17.1% year over year to $71.4 million from $61.0 million.

Reported net income decreased 21.3% year over year to $8.5 million, or 20 cents per share, from $10.8 million, or 24 cents per share.