Del Frisco's Restaurant Group Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 29, 2015, amounted to 31 cents per share, compared with the S&P Capital IQ consensus estimate of 35 cents per share.
In the prior-year period, the per-share result came in at a profit of 31 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $7.3 million, a decline from $7.4 million in the prior-year period.
The normalized profit margin fell to 6.5% from 7.0% in the year-earlier period.
Total revenue increased 7.8% on an annual basis to $114.1 million from $105.8 million, and total operating expenses grew 8.9% from the prior-year period to $102.2 million from $93.9 million.
Reported net income increased 46.2% on an annual basis to $8.0 million, or 34 cents per share, from $5.5 million, or 23 cents per share.
For the year, the company's normalized net income totaled 69 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 80 cents.
EPS declined 5.3% from 73 cents in the prior year.
Normalized net income was $16.3 million, a decline of 6.2% from $17.4 million in the prior year.
Full-year total revenue grew 9.9% from the prior-year period to $331.6 million from $301.8 million, and total operating expenses increased 11.5% on an annual basis to $305.2 million from $273.7 million.
The company said reported net income fell year over year to $16.0 million, or 68 cents per share, in the full year, from $16.6 million, or 70 cents per share.