NutriSystem Inc. said its normalized net income for the first quarter was $2.8 million, an increase from $213,750 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to 2.0% from 0.2% in the year-earlier period.
Total revenue increased 12.3% year over year to $137.2 million from $122.2 million, and total operating expenses climbed 8.9% on an annual basis to $132.7 million from $121.8 million.
Reported net income grew from the prior-year period to $2.9 million, or 10 cents per share, from $284,890, or 1 cents per share.
