The Jean Coutu Group (PJC) Inc. said its normalized net income for the fiscal second quarter ended Aug. 29 was 25 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.

EPS rose year over year from 24 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$46.3 million, compared with C$45.9 million in the year-earlier period.

The normalized profit margin dropped to 7.0% from 7.1% in the year-earlier period.

Total revenue grew on an annual basis to C$661.8 million from C$650.4 million, and total operating expenses climbed on an annual basis to C$588.0 million from C$577.3 million.

Reported net income rose from the prior-year period to C$54.2 million, or 29 cents per share, from C$52.8 million, or 28 cents per share.