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Booker Group profit misses consensus by 22.8% in fiscal H2

Booker Group PLC said its normalized net income for the fiscal second half ended March 27 came to 3 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 3 pence per share.

EPS rose 17.8% year over year from 2 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £44.6 million, a gain of 17.8% from £37.9 million in the prior-year period.

Total revenue rose year over year to £2.49 billion from £2.46 billion, and total operating expenses totaled £2.42 billion, compared with £2.40 billion in the year-earlier period.

Reported net income grew 21.4% year over year to £62.4 million, or 4 pence per share, from £51.4 million, or 3 pence per share.

For the year, the company's normalized net income totaled 5 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 6 pence.

EPS rose 16.6% from 4 pence in the prior year.

Normalized net income was £86.8 million, an increase of 16.9% from £74.2 million in the prior year.

Full-year total revenue rose from the prior-year period to £4.75 billion from £4.68 billion, and total operating expenses grew on an annual basis to £4.61 billion from £4.56 billion.

The company said reported net income increased 11.9% on an annual basis to £117.7 million, or 7 pence per share, in the full year, from £105.2 million, or 6 pence per share.