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Del Taco Restaurants fiscal Q1 profit climbs YOY

Del Taco Restaurants Inc. said its normalized net income for the fiscal first quarter ended March 22 came to 9 cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.

EPS decreased 70.9% year over year from 31 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.5 million, an increase from $1.2 million in the prior-year period.

The normalized profit margin climbed to 3.5% from 1.3% in the year-earlier period.

Total revenue climbed on an annual basis to $97.4 million from $94.4 million, and total operating expenses climbed 5.6% from the prior-year period to $90.4 million from $85.7 million.

Reported net income totaled $3.1 million, or 8 cents per share, compared to a loss of $4.9 million, or a loss of $1.21 per share, in the prior-year period.