Restoque Comércio e Confecções de Roupas SA said its first-quarter normalized net income amounted to 20 Brazilian centavos per share, compared with the S&P Capital IQ consensus estimate of 7 centavos per share.
The per-share result swung to a profit from the prior-year loss of 2 centavos.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 9.4 million reais, compared with a loss of 416,250 reais in the prior-year period.
The normalized profit margin rose to 3.2% from negative 0.2% in the year-earlier period.
Total revenue grew 70.1% on an annual basis to 296.1 million reais from 174.1 million reais, and total operating expenses climbed 55.5% on an annual basis to 240.8 million reais from 154.9 million reais.
Reported net income came to 15.0 million reais, or 32 centavos per share, compared to a loss of 438,000 reais, or a loss of 2 centavos per share, in the year-earlier period.
As of May 8, US$1 was equivalent to 2.99 reais.
