Zumiez 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 79 cents per share.
EPS climbed 12.6% year over year from 70 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $23.3 million, a gain of 9.5% from $21.2 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin declined to 9.0% from 9.4% in the year-earlier period.
Total revenue grew 14.0% on an annual basis to $258.6 million from $226.8 million, and total operating expenses grew 14.8% year over year to $220.9 million from $192.3 million.
Reported net income declined 35.3% on an annual basis to $17.4 million, or 59 cents per share, from $26.9 million, or 89 cents per share.
For the year, the company's normalized net income totaled $1.67 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.72.
EPS rose 13.4% from $1.47 in the prior year.
Normalized net income was $48.8 million, an increase of 10.0% from $44.4 million in the prior year.
Full-year total revenue rose 12.0% on an annual basis to $811.6 million from $724.3 million, and total operating expenses rose 12.4% on an annual basis to $733.6 million from $652.5 million.
The company said reported net income fell 6.2% year over year to $43.1 million, or $1.47 per share, in the full year, from $45.9 million, or $1.52 per share.
