The Jean Coutu Group (PJC) Inc. said its normalized net income for the fiscal first quarter ended May 30 amounted to 25 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 30 cents per share.

EPS climbed year over year from 25 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$47.4 million, a gain from C$46.4 million in the prior-year period.

The normalized profit margin dropped to 6.9% from 7.0% in the year-earlier period.

Total revenue climbed on an annual basis to C$687.7 million from C$664.5 million, and total operating expenses rose on an annual basis to C$612.3 million from C$590.5 million.

Reported net income decreased 8.0% on an annual basis to C$50.5 million, or 27 cents per share, from C$54.9 million, or 29 cents per share.