The Jean Coutu Group (PJC) Inc. said its normalized net income for the fiscal third quarter ended Nov. 28, 2015, came to 26 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 30 cents per share.
EPS increased year over year from 26 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$49.5 million, a gain from C$48.0 million in the year-earlier period.
The normalized profit margin climbed to 6.8% from 6.7% in the year-earlier period.
Total revenue rose year over year to C$724.3 million from C$712.2 million, and total operating expenses increased from the prior-year period to C$645.5 million from C$635.5 million.
Reported net income increased on an annual basis to C$57.9 million, or 31 cents per share, from C$56.0 million, or 30 cents per share.