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J. AlexanderÂ’s profit beats consensus by 17.5% in fiscal Q4

J. Alexander’s Holdings Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 3 was 22 cents per share, compared with the S&P Capital IQ consensus estimate of 19 cents per share.

EPS rose 72.3% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.4 million, an increase of 74.0% from $1.9 million in the fourth quarter ended Dec. 28, 2014.

The normalized profit margin climbed to 5.7% from 3.6% in the year-earlier period.

Total revenue grew 11.2% year over year to $59.3 million from $53.3 million, and total operating expenses increased 8.5% from the prior-year period to $53.7 million from $49.5 million.

Reported net income totaled $2.4 million, or 16 cents per share, compared to $2.3 million, or 15 cents per share, in the fourth quarter ended Dec. 28, 2014.

For the year, the company's normalized net income totaled 61 cents per share, a gain of 43.8% from 43 cents per share in the prior year.

Normalized net income was $9.2 million, an increase of 44.2% from $6.4 million in the prior year.

Full-year total revenue grew 7.8% on an annual basis to $217.9 million from $202.2 million, and total operating expenses rose 6.8% on an annual basis to $202.1 million from $189.2 million.

The company said reported net income fell 36.5% on an annual basis to $5.7 million, or 38 cents per share, in the full year, from $9.0 million, or 60 cents per share.