L Brands Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 was $1.84 per share, compared with the S&P Capital IQ consensus estimate of $1.79 per share.
EPS increased 11.1% year over year from $1.66.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $550.0 million, a gain of 11.8% from $491.9 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin increased to 13.5% from 12.9% in the year-earlier period.
Total revenue increased 6.6% year over year to $4.07 billion from $3.82 billion, and total operating expenses rose 5.3% from the prior-year period to $3.11 billion from $2.96 billion.
Reported net income grew 15.9% year over year to $566.2 million, or $1.89 per share, from $488.4 million, or $1.64 per share.
For the year, the company's normalized net income totaled $3.43 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $3.40.
EPS rose 12.4% from $3.05 in the prior year.
Normalized net income was $1.02 billion, a gain of 13.1% from $903.8 million in the prior year.
Full-year total revenue rose 6.3% year over year to $11.45 billion from $10.77 billion, and total operating expenses rose 5.2% year over year to $9.50 billion from $9.03 billion.
The company said reported net income grew 15.5% year over year to $1.04 billion, or $3.50 per share, in the full year, from $902.8 million, or $3.05 per share.
