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Good Times Restaurants fiscal Q2 loss narrows YOY

Good Times Restaurants Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to a loss of 2 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 4 cents per share.

The per-share loss narrowed 69.7% year over year from 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $180,250, compared with a loss of $324,380 in the year-earlier period.

The normalized profit margin climbed to negative 2.1% from negative 5.3% in the year-earlier period.

Total revenue climbed 43.1% on an annual basis to $8.7 million from $6.1 million, and total operating expenses climbed 37.2% year over year to $8.9 million from $6.5 million.

Reported net income totaled a loss of $435,000, or a loss of 5 cents per share, compared to a loss of $509,000, or a loss of 10 cents per share, in the prior-year period.