New York & Co. Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to a loss of $409,380, compared with income of $4.6 million in the fourth quarter ended Feb. 1, 2014.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to negative 0.1% from 1.7% in the year-earlier period.
Total revenue fell year over year to $267.4 million from $271.0 million, and total operating expenses rose on an annual basis to $267.3 million from $263.5 million.
Reported net income totaled a loss of $6.9 million, or a loss of 11 cents per share, compared to income of $6.9 million, or 11 cents per share, in the fourth quarter ended Feb. 1, 2014.
For the year, the company's normalized net income totaled a loss of 6 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 12 cents.
EPS was 3 cents in the prior year.
Normalized net income was a loss of $4.0 million, compared with income of $2.0 million in the prior year.
Full-year total revenue declined year over year to $923.3 million from $939.2 million, and total operating expenses came to $928.8 million, compared with $935.6 million in the prior-year period.
The company said reported net income came to a loss of $17.0 million, or a loss of 27 cents per share, in the full year, compared with income of $2.5 million, or 4 cents per share, the prior year.
