Papa Murphy's Holdings Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 28, 2015, came to 12 cents per share, compared with the S&P Capital IQ consensus estimate of 12 cents per share.
EPS decreased 12.6% year over year from 14 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.0 million, a decrease of 12.1% from $2.3 million in the prior-year period.
The normalized profit margin fell to 6.0% from 8.0% in the year-earlier period.
Total revenue climbed 19.5% year over year to $33.8 million from $28.3 million, and total operating expenses rose 25.5% year over year to $29.4 million from $23.5 million.
Reported net income decreased 5.9% from the prior-year period to $2.7 million, or 16 cents per share, from $2.9 million, or 17 cents per share.
For the year, the company's normalized net income totaled 43 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 44 cents.
EPS rose 14.9% from 37 cents in the prior year.
Normalized net income was $7.2 million, a gain of 60.1% from $4.5 million in the prior year.
Full-year total revenue rose 23.4% year over year to $120.2 million from $97.4 million, and total operating expenses increased 27.8% year over year to $104.8 million from $82.0 million.
The company said reported net income totaled $4.9 million, or 29 cents per share, in the full year, compared with a loss of $847,090, or a loss of 7 cents per share, the prior year.