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Brunello Cucinelli Q3 profit falls 7.1% YOY

BRUNELLO CUCINELLI SpA said its third-quarter normalized net income came to 13 euro cents per share, compared with the S&P Capital IQ consensus estimate of 12 cents per share.

EPS declined 7.1% year over year from 14 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €8.9 million, a decline of 7.1% from €9.6 million in the prior-year period.

The normalized profit margin declined to 7.6% from 9.5% in the year-earlier period.

Total revenue climbed 15.5% year over year to €117.2 million from €101.5 million, and total operating expenses increased 18.1% year over year to €100.9 million from €85.4 million.

Reported net income fell 7.7% on an annual basis to €9.5 million, or 14 cents per share, from €10.3 million, or 15 cents per share.