Citi Trends Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to 21 cents per share, compared with the S&P Capital IQ consensus estimate of 25 cents per share.
EPS climbed year over year from 9 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.2 million, an increase from $1.4 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin increased to 1.8% from 0.9% in the year-earlier period.
Total revenue increased 15.2% on an annual basis to $181.1 million from $157.2 million, and total operating expenses rose 13.5% from the prior-year period to $176.0 million from $155.0 million.
Reported net income grew from the prior-year period to $4.7 million, or 31 cents per share, from $1.5 million, or 10 cents per share.
For the year, the company's normalized net income totaled 54 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 59 cents.
EPS was a loss of 1 cents in the prior year.
Normalized net income was $8.1 million, compared with a loss of $171,250 in the prior year.
Full-year total revenue grew 7.8% year over year to $670.8 million from $622.2 million, and total operating expenses increased 5.7% on an annual basis to $657.9 million from $622.6 million.
The company said reported net income grew on an annual basis to $9.0 million, or 60 cents per share, in the full year, from $444,400, or 3 cents per share.
