PriceSmart Inc. said its normalized net income for the fiscal second quarter ended Feb. 29 came to 79 cents per share, compared with the S&P Capital IQ consensus estimate of 88 cents per share.
EPS decreased year over year from 81 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $23.6 million, a decline from $24.2 million in the prior-year period.
The normalized profit margin fell to 3.0% from 3.2% in the year-earlier period.
Total revenue grew year over year to $777.9 million from $750.3 million, and total operating expenses increased on an annual basis to $738.7 million from $708.2 million.
Reported net income rose from the prior-year period to $25.4 million, or 85 cents per share, from $24.5 million, or 82 cents per share.