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Great American Family Parks fiscal Q1 loss narrows YOY

Great American Family Parks said its normalized net income for the fiscal first quarter ended Dec. 28, 2014, came to a loss of $78,220, compared with a loss of $142,480 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to negative 12.1% from negative 25.4% in the year-earlier period.

Total revenue grew 15.2% year over year to $646,040 from $560,640, and total operating expenses fell on an annual basis to $717,700 from $733,820.

Reported net income came to a loss of $125,160, or a loss of 0 cents per share, compared to a loss of $227,970, or a loss of 0 cents per share, in the year-earlier period.