Urban Outfitters Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 was 56 cents per share, compared with the S&P Capital IQ consensus estimate of 57 cents per share.
EPS climbed 8.9% year over year from 51 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $74.0 million, a decline from $76.3 million in the prior-year period.
The normalized profit margin dropped to 7.3% from 8.4% in the year-earlier period.
Total revenue grew 11.6% on an annual basis to $1.01 billion from $905.9 million, and total operating expenses rose 14.2% from the prior-year period to $887.1 million from $776.8 million.
Reported net income decreased 9.6% from the prior-year period to $79.6 million, or 60 cents per share, from $88.0 million, or 59 cents per share.
For the year, the company's normalized net income totaled $1.64 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.65.
EPS declined 8.1% from $1.79 in the prior year.
Normalized net income was $227.2 million, a decrease of 14.9% from $267.0 million in the prior year.
Full-year total revenue rose 7.7% year over year to $3.32 billion from $3.09 billion, and total operating expenses rose 11.2% on an annual basis to $2.96 billion from $2.66 billion.
The company said reported net income fell 17.7% year over year to $232.2 million, or $1.68 per share, in the full year, from $282.0 million, or $1.89 per share.
