Marks and Spencer Group plc said its normalized net income for the fiscal second half ended March 28 amounted to 16 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 19 pence per share.

EPS climbed 5.7% year over year from 15 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £264.0 million, an increase of 7.1% from £246.4 million in the year-earlier period.

Total revenue totaled £5.41 billion, compared with £5.43 billion in the year-earlier period, and total operating expenses fell year over year to £4.95 billion from £5.00 billion.

Reported net income decreased 5.9% from the prior-year period to £258.7 million, or 16 pence per share, from £274.8 million, or 17 pence per share.

For the year, the company's normalized net income totaled 26 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 33 pence.

EPS rose from 25 pence in the prior year.

Normalized net income was £432.2 million, a rise from £414.4 million in the prior year.

Full-year total revenue totaled £10.31 billion, compared with £10.31 billion in the prior year, and total operating expenses totaled £9.53 billion, compared with £9.56 billion in the prior-year period.

The company said reported net income decreased 7.4% year over year to £485.8 million, or 30 pence per share, in the full year, from £524.6 million, or 32 pence per share.