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Genesco fiscal Q3 profit climbs 9.1% YOY

Genesco Inc. said its normalized net income for the fiscal third quarter ended Oct. 31 amounted to $1.39 per share, compared with the S&P Capital IQ consensus estimate of $1.30 per share.

EPS increased 13.1% year over year from $1.23.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $31.8 million, a gain of 9.1% from $29.2 million in the third quarter ended Nov. 1, 2014.

The normalized profit margin climbed to 4.1% from 4.0% in the year-earlier period.

Total revenue climbed 7.1% on an annual basis to $773.9 million from $722.9 million, and total operating expenses rose 6.9% from the prior-year period to $721.7 million from $675.4 million.

Reported net income grew 14.0% on an annual basis to $32.8 million, or $1.43 per share, from $28.7 million, or $1.21 per share.