The Container Store Group Inc. said its normalized net income for the fiscal fourth quarter ended Feb. 28 was 23 cents per share, compared with the S&P Capital IQ consensus estimate of 31 cents per share.
EPS increased 8.0% year over year from 21 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $11.0 million, a gain of 6.9% from $10.3 million in the fourth quarter ended March 1, 2014.
The normalized profit margin rose to 4.9% from 4.8% in the year-earlier period.
Total revenue climbed on an annual basis to $224.3 million from $216.8 million, and total operating expenses rose from the prior-year period to $202.5 million from $196.0 million.
Reported net income decreased 28.8% on an annual basis to $13.1 million, or 27 cents per share, from $18.4 million, or 38 cents per share.
For the year, the company's normalized net income totaled 34 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 41 cents.
EPS declined 7.7% from 37 cents in the prior year.
Normalized net income was $16.5 million, an increase from $6.6 million in the prior year.
Full-year total revenue rose year over year to $781.9 million from $748.5 million, and total operating expenses grew on an annual basis to $738.4 million from $716.8 million.
The company said reported net income totaled $22.8 million, or 47 cents per share, in the full year, compared with a loss of $51.5 million, or a loss of $2.87 per share, the prior year.
