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.
