4295648 said its normalized net income for the fiscal fourth quarter ended Dec. 26, 2015, amounted to $1.30 per share, a gain of 16.7% from $1.12 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.6 million, a decline from $5.8 million in the prior-year period.
The normalized profit margin fell to 33.3% from 35.6% in the year-earlier period.
Total revenue climbed on an annual basis to $16.9 million from $16.2 million, and total operating expenses increased 6.3% on an annual basis to $7.3 million from $6.8 million.
Reported net income totaled $5.7 million, or $1.31 per share, compared to $5.6 million, or $1.09 per share, in the prior-year period.
For the year, the company's normalized net income totaled $4.74 per share, an increase of 21.3% from $3.90 per share in the prior year.
Normalized net income was $22.0 million, a gain of 8.2% from $20.4 million in the prior year.
ull-year total revenue grew 13.5% from the prior-year period to $69.4 million from $61.2 million, and total operating expenses rose 15.1% on an annual basis t Winmark Corp..