Hornbach Baumarkt AG said its normalized net income for the fiscal second quarter ended Aug. 31 was 88 euro cents per share, compared with the S&P Capital IQ consensus estimate of 91 cents per share.
EPS fell 32.5% year over year from €1.31.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €28.1 million, a decrease of 32.5% from €41.6 million in the prior-year period.
The normalized profit margin fell to 3.2% from 4.8% in the year-earlier period.
Total revenue came to €878.3 million, compared with €873.5 million in the year-earlier period, and total operating expenses climbed on an annual basis to €828.9 million from €802.4 million.
Reported net income declined 26.7% on an annual basis to €33.5 million, or €1.05 per share, from €45.7 million, or €1.44 per share.
