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Great American Family Parks fiscal Q2 loss narrows YOY

Great American Family Parks said its normalized net income for the fiscal second quarter ended March 29 amounted to a loss of $141,890, compared with a loss of $162,700 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to negative 24.3% from negative 29.2% in the year-earlier period.

Total revenue increased on an annual basis to $583,000 from $557,150, and total operating expenses fell on an annual basis to $751,770 from $760,790.

Reported net income totaled a loss of $227,030, or a loss of 0 cents per share, compared to a loss of $256,350, or a loss of 0 cents per share, in the prior-year period.