Tod's SpA said its normalized net income for the first half was €1.53 per share, compared with the S&P Capital IQ consensus estimate of €1.63 per share.

EPS fell 5.4% year over year from €1.62.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €46.9 million, a decline of 5.4% from €49.6 million in the prior-year period.

Total revenue rose 7.8% year over year to €520.3 million from €482.7 million, and total operating expenses grew 10.2% year over year to €442.6 million from €401.6 million.

Reported net income fell 9.8% from the prior-year period to €50.5 million, or €1.65 per share, from €56.0 million, or €1.83 per share.