Shoe Zone Plc said its normalized net income for the fiscal second half ended Oct. 3, 2015, came to 10 Great British pence per share, a decline of 6.5% from 11 pence per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £5.1 million, a decrease of 6.5% from £5.4 million in the year-earlier period.
Total revenue fell year over year to £88.6 million from £89.9 million, and total operating expenses came to £80.6 million, compared with £81.3 million in the prior-year period.
Reported net income increased on an annual basis to £6.5 million, or 13 pence per share, from £6.2 million, or 12 pence per share.
For the year, the company's normalized net income totaled 13 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 16 pence.
EPS declined 11.3% from 14 pence in the prior year.
Normalized net income was £6.3 million, a fall of 11.3% from £7.1 million in the prior year.
Full-year total revenue decreased year over year to £166.8 million from £172.9 million, and total operating expenses declined year over year to £156.7 million from £161.4 million.
The company said reported net income totaled £8.1 million, or 16 pence per share, in the full year, compared with £8.0 million, or 16 pence per share, the prior year.