Lands' End Inc. said its normalized net income for the fiscal second quarter ended Aug. 1 amounted to 38 cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.
EPS increased year over year from 36 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $12.1 million, an increase from $11.5 million in the year-earlier period.
The normalized profit margin dropped to 3.5% from 3.5% in the year-earlier period.
Total revenue grew 5.4% year over year to $347.2 million from $329.6 million, and total operating expenses rose from the prior-year period to $321.9 million from $311.2 million.
Reported net income rose 5.7% year over year to $11.8 million, or 37 cents per share, from $11.2 million, or 35 cents per share.
