Gerry Weber International AG said its normalized net income for the fiscal fourth quarter ended Oct. 31, 2015, was 55 euro cents per share, a decline of 6.1% from 59 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €25.4 million, a decrease of 6.1% from €27.0 million in the prior-year period.
The normalized profit margin dropped to 8.9% from 10.7% in the year-earlier period.
Total revenue increased 15.6% year over year to €291.5 million from €252.2 million, and total operating expenses increased 27.2% on an annual basis to €265.9 million from €209.1 million.
Reported net income rose 5.9% on an annual basis to €30.0 million, or 65 cents per share, from €28.3 million, or 62 cents per share.
For the year, the company's normalized net income totaled €1.00 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.06.
EPS declined 29.7% from €1.43 in the prior year.
Normalized net income was €46.1 million, a fall of 29.7% from €65.6 million in the prior year.
Full-year total revenue rose 8.2% year over year to €922.0 million from €852.2 million, and total operating expenses increased 15.4% year over year to €858.4 million from €743.6 million.
The company said reported net income declined 26.9% on an annual basis to €52.2 million, or €1.14 per share, in the full year, from €71.4 million, or €1.56 per share.