Raia Drogasil S.A. said its normalized net income for the first quarter was 21 Brazilian centavos per share, compared with the S&P Capital IQ consensus estimate of 25 centavos per share.
EPS rose 33.1% year over year from 16 centavos.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 70.3 million reais, an increase of 33.2% from 52.8 million reais in the prior-year period.
The normalized profit margin increased to 2.8% from 2.7% in the year-earlier period.
Total revenue grew 27.8% year over year to 2.52 billion reais from 1.97 billion reais, and total operating expenses grew 27.7% from the prior-year period to 2.39 billion reais from 1.87 billion reais.
Reported net income grew 28.0% from the prior-year period to 90.0 million reais, or 27 centavos per share, from 70.3 million reais, or 21 centavos per share.
As of April 28, US$1 was equivalent to 3.48 reais.