Tiffany & Co. said its normalized net income for the fiscal fourth quarter ended Jan. 31 amounted to $1.41 per share, compared with the S&P Capital IQ consensus estimate of $1.51 per share.
EPS decreased year over year from $1.45.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $182.7 million, a decline from $185.8 million in the year-earlier period.
The normalized profit margin dropped to 14.2% from 14.3% in the year-earlier period.
Total revenue fell year over year to $1.29 billion from $1.30 billion, and total operating expenses came to $980.6 million, compared with $985.4 million in the prior-year period.
Reported net income totaled $196.2 million, or $1.51 per share, compared to a loss of $102.8 million, or a loss of 81 cents per share, in the year-earlier period.
For the year, the company's normalized net income totaled $4.00 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $4.18.
EPS rose 11.9% from $3.57 in the prior year.
Normalized net income was $519.6 million, a rise of 12.8% from $460.6 million in the prior year.
Full-year total revenue rose 5.4% year over year to $4.25 billion from $4.03 billion, and total operating expenses rose year over year to $3.36 billion from $3.24 billion.
The company said reported net income increased year over year to $484.6 million, or $3.73 per share, in the full year, from $181.7 million, or $1.41 per share.
