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Del Frisco's Restaurant fiscal Q1 profit climbs 14.3% YOY

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Del Frisco's Restaurant fiscal Q1 profit climbs 14.3% YOY

Del Frisco's Restaurant Group Inc. said its normalized net income for the fiscal first quarter ended March 24 was 20 cents per share, compared with the S&P Capital IQ consensus estimate of 21 cents per share.

EPS climbed 15.6% year over year from 18 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.8 million, an increase of 14.3% from $4.2 million in the prior-year period.

The normalized profit margin climbed to 6.4% from 6.3% in the year-earlier period.

Total revenue grew 12.7% year over year to $75.1 million from $66.6 million, and total operating expenses climbed 12.4% year over year to $67.3 million from $59.9 million.

Reported net income rose 19.7% from the prior-year period to $5.4 million, or 23 cents per share, from $4.5 million, or 19 cents per share.