Lands' End Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 30 was $1.08 per share, compared with the S&P Capital IQ consensus estimate of $1.10 per share.
EPS fell 24.3% year over year from $1.43.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $34.7 million, a decline of 24.1% from $45.7 million in the year-earlier period.
The normalized profit margin fell to 6.8% from 8.6% in the year-earlier period.
Total revenue decreased year over year to $504.6 million from $530.4 million, and total operating expenses declined from the prior-year period to $443.5 million from $457.3 million.
Reported net income fell 27.5% year over year to $33.4 million, or $1.04 per share, from $46.0 million, or $1.44 per share.
For the year, the company's normalized net income totaled $2.35 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.38.
EPS declined 6.3% from $2.51 in the prior year.
Normalized net income was $75.3 million, a decrease of 6.1% from $80.2 million in the prior year.
Full-year total revenue amounted to $1.56 billion, compared with $1.56 billion in the prior year, and total operating expenses decreased on an annual basis to $1.42 billion from $1.43 billion.
The company said reported net income decreased 6.3% year over year to $74.0 million, or $2.31 per share, in the full year, from $78.9 million, or $2.47 per share.
