Smart & Final Stores Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 3 came to 12 cents per share, compared with the S&P Capital IQ consensus estimate of 16 cents per share.

EPS rose 13.5% year over year from 10 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.2 million, a gain of 15.4% from $7.9 million in the fourth quarter ended Dec. 28, 2014.

The normalized profit margin rose to 1.0% from 0.9% in the year-earlier period.

Total revenue rose 18.9% on an annual basis to $997.6 million from $839.3 million, and total operating expenses climbed 19.2% from the prior-year period to $975.6 million from $818.5 million.

Reported net income rose 10.4% from the prior-year period to $10.1 million, or 13 cents per share, from $9.1 million, or 12 cents per share.

For the year, the company's normalized net income totaled 51 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 70 cents.

EPS was 51 cents in the prior year.

Normalized net income was $39.7 million, a gain of 21.6% from $32.7 million in the prior year.

Full-year total revenue increased 12.4% on an annual basis to $3.97 billion from $3.53 billion, and total operating expenses increased 12.5% year over year to $3.88 billion from $3.45 billion.

The company said reported net income grew 16.2% on an annual basis to $38.6 million, or 50 cents per share, in the full year, from $33.2 million, or 52 cents per share.