Jean Coutu Group (PJC) Inc. said its normalized net income for the fiscal third quarter ended Nov. 29, 2014, came to 26 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 32 cents per share.
EPS increased 5.9% year over year from 24 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$48.0 million, a decline of 5.7% from C$50.9 million in the year-earlier period.
The normalized profit margin declined to 6.7% from 7.4% in the year-earlier period.
Total revenue grew year over year to C$712.2 million from C$688.7 million, and total operating expenses rose from the prior-year period to C$635.5 million from C$608.8 million.
Reported net income fell 10.9% year over year to C$56.0 million, or 30 cents per share, from C$62.9 million, or 30 cents per share.
