Axfood said its fourth-quarter normalized net income came to 1.31 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.67 kronor per share.
EPS climbed 20.6% year over year from 1.09 kronor.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 275.6 million kronor, a gain of 20.8% from 228.3 million kronor in the year-earlier period.
The normalized profit margin increased to 2.6% from 2.3% in the year-earlier period.
Total revenue increased 8.1% on an annual basis to 10.79 billion kronor from 9.98 billion kronor, and total operating expenses rose 7.6% from the prior-year period to 10.35 billion kronor from 9.62 billion kronor.
Reported net income increased 24.5% on an annual basis to 341.0 million kronor, or 1.62 kronor per share, from 274.0 million kronor, or 1.31 kronor per share.
For the year, the company's normalized net income totaled 5.21 kronor per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 6.49 kronor.
EPS rose 23.6% from 4.22 kronor in the prior year.
Normalized net income was 1.09 billion kronor, a gain of 23.6% from 884.8 million kronor in the prior year.
Full-year total revenue grew 7.2% from the prior-year period to 41.25 billion kronor from 38.48 billion kronor, and total operating expenses increased 6.6% on an annual basis to 39.49 billion kronor from 37.05 billion kronor.
The company said reported net income grew 24.3% on an annual basis to 1.36 billion kronor, or 6.48 kronor per share, in the full year, from 1.09 billion kronor, or 5.22 kronor per share.
As of Feb. 22, US$1 was equivalent to 8.50 Swedish kronor.