Del Taco Restaurants Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 29, 2015, amounted to 17 cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.
EPS decreased 68.0% year over year from 54 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $6.8 million, an increase from $2.1 million in the year-earlier period.
The normalized profit margin climbed to 5.1% from 1.7% in the year-earlier period.
Total revenue increased 6.1% on an annual basis to $133.4 million from $125.7 million, and total operating expenses rose 7.4% on an annual basis to $120.6 million from $112.3 million.
Reported net income totaled $6.9 million, or 18 cents per share, compared to a loss of $8.1 million, or a loss of $2.08 per share, in the year-earlier period.
For the year, the company's normalized net income totaled 76 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 47 cents.
EPS rose from 73 cents in the prior year.
Normalized net income was $17.5 million, a rise from $2.9 million in the prior year.
Full-year total revenue rose 7.1% year over year to $424.0 million from $396.0 million, and total operating expenses rose 6.0% on an annual basis to $380.9 million from $359.1 million.
The company said reported net income came to $4.8 million, or 21 cents per share, in the full year, compared with a loss of $9.3 million, or a loss of $2.37 per share, the prior year.