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J. AlexanderÂ’s fiscal Q1 profit climbs 20.2% YOY

J. Alexander’s Holdings Inc. said its normalized net income for the fiscal first quarter ended March 29 came to $3.1 million, a gain of 20.2% from $2.6 million in the prior-year period.

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

The normalized profit margin climbed to 5.6% from 5.0% in the year-earlier period.

Total revenue rose 7.3% on an annual basis to $56.2 million from $52.4 million, and total operating expenses climbed 7.0% from the prior-year period to $50.7 million from $47.4 million.

Reported net income totaled $4.9 million, compared with $4.1 million in the prior-year period.