Foot Locker Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 was 96 cents per share, compared with the S&P Capital IQ consensus estimate of 91 cents per share.
EPS increased 23.4% year over year from 78 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $138.8 million, a gain of 20.0% from $115.6 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin rose to 7.2% from 6.5% in the year-earlier period.
Total revenue increased 6.7% year over year to $1.91 billion from $1.79 billion, and total operating expenses increased 5.2% on an annual basis to $1.69 billion from $1.60 billion.
Reported net income rose 21.1% on an annual basis to $145.9 million, or $1.01 per share, from $120.5 million, or 81 cents per share.
For the year, the company's normalized net income totaled $3.47 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.48.
EPS rose 25.9% from $2.75 in the prior year.
Normalized net income was $506.3 million, a rise of 22.2% from $414.4 million in the prior year.
Full-year total revenue increased 9.9% on an annual basis to $7.15 billion from $6.50 billion, and total operating expenses increased 8.6% on an annual basis to $6.34 billion from $5.84 billion.
The company said reported net income increased 21.2% on an annual basis to $519.8 million, or $3.56 per share, in the full year, from $428.9 million, or $2.85 per share.
