Shoe Carnival Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 was 16 cents per share, compared with the S&P Capital IQ consensus estimate of 9 cents per share.
EPS increased year over year from 5 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.1 million, a gain from $1.0 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin rose to 1.3% from 0.5% in the year-earlier period.
Total revenue grew 13.6% year over year to $227.6 million from $200.3 million, and total operating expenses grew 12.1% year over year to $222.7 million from $198.6 million.
Reported net income grew on an annual basis to $2.9 million, or 15 cents per share, from $682,690, or 3 cents per share.
For the year, the company's normalized net income totaled $1.35 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.22.
EPS declined from $1.39 in the prior year.
Normalized net income was $26.7 million, a decline from $27.8 million in the prior year.
Full-year total revenue grew 6.3% from the prior-year period to $940.2 million from $884.8 million, and total operating expenses grew 6.8% on an annual basis to $897.3 million from $840.2 million.
The company said reported net income decreased year over year to $25.1 million, or $1.27 per share, in the full year, from $26.4 million, or $1.32 per share.
