Chico's FAS Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 was 5 cents per share, compared with the S&P Capital IQ consensus estimate of 2 cents per share.
EPS rose 36.8% year over year from 4 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $7.3 million, a gain of 35.4% from $5.4 million in the fourth quarter ended Feb. 1, 2014.
The normalized profit margin climbed to 1.1% from 0.9% in the year-earlier period.
Total revenue grew 7.6% year over year to $656.9 million from $610.2 million, and total operating expenses grew 7.2% on an annual basis to $645.2 million from $601.7 million.
Reported net income totaled a loss of $31.3 million, or a loss of 21 cents per share, compared to a loss of $659,690, or a loss of 0 cents per share, in the fourth quarter ended Feb. 1, 2014.
For the year, the company's normalized net income totaled 69 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 67 cents.
EPS declined 20.4% from 87 cents in the prior year.
Normalized net income was $102.9 million, a fall of 23.9% from $135.2 million in the prior year.
Full-year total revenue grew from the prior-year period to $2.68 billion from $2.59 billion, and total operating expenses grew 5.9% year over year to $2.51 billion from $2.37 billion.
The company said reported net income fell on an annual basis to $62.6 million, or 42 cents per share, in the full year, from $64.0 million, or 41 cents per share.
