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Gerry Weber International fiscal Q1 profit falls YOY

Gerry Weber International AG said its normalized net income for the fiscal first quarter ended Jan. 31 amounted to 22 euro cents per share, compared with the S&P Capital IQ consensus estimate of 21 cents per share.

EPS fell year over year from 23 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €10.2 million, a decrease from €10.6 million in the year-earlier period.

The normalized profit margin dropped to 5.3% from 5.5% in the year-earlier period.

Total revenue grew year over year to €192.4 million from €190.4 million, and total operating expenses grew from the prior-year period to €175.0 million from €172.1 million.

Reported net income fell 9.1% on an annual basis to €10.5 million, or 23 cents per share, from €11.6 million, or 25 cents per share.