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Papa Murphy's fiscal Q1 profit climbs YOY

Papa Murphy's Holdings Inc. said its normalized net income for the fiscal first quarter ended March 30 amounted to 16 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.

EPS decreased 34.8% year over year from 25 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.7 million, an increase from $947,500 in the year-earlier period.

The normalized profit margin climbed to 9.2% from 3.8% in the year-earlier period.

Total revenue increased 16.1% year over year to $29.2 million from $25.1 million, and total operating expenses rose 15.7% year over year to $23.7 million from $20.5 million.

Reported net income totaled $2.5 million, or 15 cents per share, compared to a loss of $770,350, or a loss of 20 cents per share, in the year-earlier period.