Puregold Price Club Inc. said its normalized net income for the third quarter was 38 Philippine centavos per share, compared with the S&P Capital IQ consensus estimate of 51 centavos per share.
EPS fell 12.6% year over year from 44 centavos.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.06 billion pesos, a decrease of 11.8% from 1.20 billion pesos in the prior-year period.
The normalized profit margin declined to 4.4% from 5.7% in the year-earlier period.
Total revenue rose 13.8% on an annual basis to 24.19 billion pesos from 21.25 billion pesos, and total operating expenses climbed 16.3% year over year to 22.47 billion pesos from 19.32 billion pesos.
Reported net income fell 11.4% year over year to 1.20 billion pesos, or 43 centavos per share, from 1.35 billion pesos, or 49 centavos per share.
As of Nov. 12, US$1 was equivalent to 47.00 Philippine pesos.