Ascena Retail Group Inc. said its normalized net income for the fiscal third quarter ended April 23 amounted to 13 cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.
EPS declined 15.8% year over year from 16 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $26.1 million, compared with $26.2 million in the year-earlier period.
The normalized profit margin fell to 1.6% from 2.3% in the year-earlier period.
Total revenue rose 45.1% on an annual basis to $1.67 billion from $1.15 billion, and total operating expenses grew 44.6% on an annual basis to $1.60 billion from $1.11 billion.
Reported net income declined 37.0% year over year to $15.6 million, or 8 cents per share, from $24.8 million, or 15 cents per share.