Jean Coutu Group (PJC) Inc. said its normalized net income for the fiscal second quarter ended Aug. 30 amounted to 24 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.
EPS climbed 19.6% year over year from 20 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$45.9 million, a gain of 6.7% from C$43.1 million in the prior-year period.
The normalized profit margin increased to 7.1% from 6.8% in the year-earlier period.
Total revenue grew on an annual basis to C$650.4 million from C$630.5 million, and total operating expenses climbed year over year to C$577.3 million from C$561.3 million.
Reported net income declined 74.5% from the prior-year period to C$52.8 million, or 28 cents per share, from C$207.3 million, or 98 cents per share.
