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Del Taco Restaurants fiscal Q1 loss narrows YOY

Del Taco Restaurants Inc. said its normalized net income for the fiscal first quarter ended March 24 came to a loss of 2 cents per share, compared with a loss of 3 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $112,440, compared with a loss of $151,970 in the year-earlier period.

The normalized profit margin was 1.3%.

Reported net income totaled a loss of $426,270, or a loss of 9 cents per share, compared to a loss of $243,160, or a loss of 5 cents per share, in the year-earlier period.