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Bojangles fiscal Q2 profit climbs 8.0% YOY


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Bojangles fiscal Q2 profit climbs 8.0% YOY

Bojangles' Inc. said its normalized net income for the fiscal second quarter ended June 28 came to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 16 cents per share.

EPS climbed 6.5% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.7 million, a gain of 8.0% from $6.2 million in the prior-year period.

The normalized profit margin declined to 5.6% from 5.9% in the year-earlier period.

Total revenue grew 13.1% year over year to $120.5 million from $106.5 million, and total operating expenses climbed 14.2% on an annual basis to $107.3 million from $94.0 million.

Reported net income grew year over year to $6.4 million, or 17 cents per share, from $6.3 million, or 17 cents per share.