Habit Restaurants Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 29, 2015, was $290,130, compared with a loss of $70,380 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 0.5% from negative 0.1% in the year-earlier period.
Total revenue increased 25.4% year over year to $60.6 million from $48.4 million, and total operating expenses rose 23.9% from the prior-year period to $58.3 million from $47.1 million.
Reported net income totaled $456,810, or 3 cents per share, compared to a loss of $32,000, or a loss of 0 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled 9 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 29 cents.
EPS was a loss of 29 cents in the prior year.
Normalized net income was $1.1 million, compared with a loss of $2.6 million in the prior year.
Full-year total revenue increased 32.1% on an annual basis to $230.6 million from $174.6 million, and total operating expenses grew 31.4% on an annual basis to $217.0 million from $165.1 million.
The company said reported net income totaled $2.7 million, or 22 cents per share, in the full year, compared with a loss of $32,000, or a loss of 0 cents per share, the prior year.