Nathan's Famous Inc. said its normalized net income for the fiscal third quarter ended Dec. 28, 2014, came to 52 cents per share, an increase from 24 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.4 million, an increase from $1.1 million in the prior-year period.
The normalized profit margin climbed to 10.7% from 6.1% in the year-earlier period.
Total revenue grew 20.9% year over year to $22.3 million from $18.5 million, and total operating expenses increased 10.9% from the prior-year period to $18.6 million from $16.7 million.
Reported net income increased from the prior-year period to $2.3 million, or 49 cents per share, from $1.1 million, or 24 cents per share.
