Fiesta Restaurant Group Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 3 was 35 cents per share, compared with the S&P Capital IQ consensus estimate of 37 cents per share.
EPS increased 12.1% year over year from 31 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.3 million, an increase of 13.0% from $8.2 million in the fourth quarter ended Dec. 28, 2014.
The normalized profit margin rose to 5.3% from 5.3% in the year-earlier period.
Total revenue grew 14.9% on an annual basis to $179.5 million from $156.2 million, and total operating expenses climbed 15.1% from the prior-year period to $164.1 million from $142.5 million.
Reported net income totaled $8.8 million, or 33 cents per share, compared to $8.7 million, or 33 cents per share, in the fourth quarter ended Dec. 28, 2014.
For the year, the company's normalized net income totaled $1.49 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.50.
EPS rose 9.8% from $1.36 in the prior year.
Normalized net income was $39.5 million, an increase of 10.8% from $35.6 million in the prior year.
Full-year total revenue rose 12.5% year over year to $687.4 million from $611.1 million, and total operating expenses increased 12.8% on an annual basis to $622.3 million from $551.9 million.
The company said reported net income increased 7.6% on an annual basis to $38.2 million, or $1.44 per share, in the full year, from $35.5 million, or $1.35 per share.