Ralph Lauren Corp. said its normalized net income for the fiscal third quarter ended Dec. 27, 2014, amounted to $2.12 per share, compared with the S&P Capital IQ consensus estimate of $2.50 per share.
EPS decreased 5.0% year over year from $2.23.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $188.8 million, a decline of 7.9% from $205.0 million in the year-earlier period.
The normalized profit margin declined to 9.3% from 10.2% in the year-earlier period.
Total revenue totaled $2.03 billion, compared with $2.02 billion in the prior-year period, and total operating expenses rose year over year to $1.72 billion from $1.68 billion.
Reported net income decreased 9.1% on an annual basis to $214.5 million, or $2.41 per share, from $235.9 million, or $2.57 per share.
