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J. AlexanderÂ’s fiscal Q1 profit climbs 19.5% YOY

J. Alexander’s Holdings Inc. said its normalized net income for the fiscal first quarter ended April 2 came to 15 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.

EPS climbed 22.2% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.3 million, an increase of 19.5% from $1.9 million in the prior-year period.

The normalized profit margin increased to 3.8% from 3.3% in the year-earlier period.

Total revenue increased 5.2% year over year to $59.8 million from $56.9 million, and total operating expenses grew on an annual basis to $56.0 million from $53.7 million.

Reported net income increased 16.2% on an annual basis to $2.8 million, or 19 cents per share, from $2.4 million, or 16 cents per share.