Shake Shack Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 30, 2015, came to a loss of 41 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.

The per-share loss grew year over year from 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $7.1 million, compared with a loss of $658,750 in the prior-year period.

The normalized profit margin rose to 1.8% from negative 1.9% in the year-earlier period.

Total revenue climbed 46.8% on an annual basis to $51.1 million from $34.8 million, and total operating expenses climbed 66.6% year over year to $59.5 million from $35.7 million.

Reported net income came to $1.2 million, or 7 cents per share, compared to a loss of $1.4 million, or a loss of 5 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 54 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 32 cents.

EPS was 6 cents in the prior year.

Normalized net income was a loss of $7.4 million, compared with income of $1.8 million in the prior year.

Full-year total revenue rose 60.8% on an annual basis to $190.6 million from $118.5 million, and total operating expenses increased 58.8% on an annual basis to $183.1 million from $115.3 million.

The company said reported net income totaled a loss of $8.8 million, or a loss of 65 cents per share, in the full year, compared with income of $2.1 million, or 7 cents per share, the prior year.