PriceSmart Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, came to 69 cents per share, compared with the S&P Capital IQ consensus estimate of 75 cents per share.
EPS climbed year over year from 67 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $20.5 million, a gain from $19.9 million in the year-earlier period.
The normalized profit margin fell to 3.1% from 3.3% in the year-earlier period.
Total revenue climbed 8.3% year over year to $656.0 million from $605.6 million, and total operating expenses climbed 8.1% from the prior-year period to $619.8 million from $573.2 million.
Reported net income fell on an annual basis to $20.3 million, or 68 cents per share, from $21.1 million, or 71 cents per share.
