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Del Taco Restaurants fiscal Q2 loss widens YOY

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Del Taco Restaurants fiscal Q2 loss widens YOY

Del Taco Restaurants Inc. said its normalized net income for the fiscal second quarter ended June 16 was a loss of 9 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.

The per-share loss grew year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $441,780, compared with a loss of $89,280 in the prior-year period.

The normalized profit margin increased to 4.7% from negative 0.1% in the year-earlier period.

Reported net income totaled a loss of $2.8 million, or a loss of 54 cents per share, compared to a loss of $1.8 million, or a loss of 57 cents per share, in the prior-year period.