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Bravo Brio Restaurant fiscal Q2 profit falls 9.6% YOY

Bravo Brio Restaurant Group, Inc. said its normalized net income for the fiscal second quarter ended June 28 was 19 cents per share, compared with the S&P Capital IQ consensus estimate of 21 cents per share.

EPS climbed 13.4% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.0 million, a decline of 9.6% from $3.3 million in the year-earlier period.

The normalized profit margin fell to 2.7% from 3.2% in the year-earlier period.

Total revenue rose 5.5% on an annual basis to $110.2 million from $104.5 million, and total operating expenses grew 6.2% on an annual basis to $105.0 million from $98.9 million.

Reported net income declined from the prior-year period to $3.8 million, or 24 cents per share, from $4.0 million, or 20 cents per share.