Vitamin Shoppe Inc. said its normalized net income for the fiscal first quarter ended March 28 came to 65 cents per share, compared with the S&P Capital IQ consensus estimate of 74 cents per share.
EPS decreased 10.7% year over year from 73 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $19.5 million, a decline of 13.3% from $22.4 million in the prior-year period.
The normalized profit margin fell to 5.7% from 7.3% in the year-earlier period.
Total revenue grew 9.4% on an annual basis to $336.8 million from $307.8 million, and total operating expenses increased 12.4% from the prior-year period to $305.5 million from $271.8 million.
Reported net income fell 8.7% on an annual basis to $18.8 million, or 63 cents per share, from $20.6 million, or 67 cents per share.
