Carrols Restaurant Group, Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 3 was 9 cents per share, compared with the S&P Capital IQ consensus estimate of 5 cents per share.

The per-share result swung to a profit from the prior-year loss of 10 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.1 million, compared with a loss of $3.6 million in the fourth quarter ended Dec. 28, 2014.

The normalized profit margin rose to 2.2% from negative 1.8% in the year-earlier period.

Total revenue increased 18.7% on an annual basis to $229.1 million from $192.9 million, and total operating expenses increased 12.4% on an annual basis to $217.9 million from $193.9 million.

Reported net income came to $7.0 million, or 16 cents per share, compared to a loss of $27.0 million, or a loss of 78 cents per share, in the fourth quarter ended Dec. 28, 2014.

For the year, the company's normalized net income totaled 21 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 10 cents.

EPS was a loss of 44 cents in the prior year.

Normalized net income was $9.6 million, compared with a loss of $13.6 million in the prior year.

Full-year total revenue grew 24.0% on an annual basis to $859.0 million from $692.8 million, and total operating expenses grew 18.6% on an annual basis to $825.1 million from $695.8 million.

The company said reported net income totaled $4,000, or 0 cents per share, in the full year, compared with a loss of $38.0 million, or a loss of $1.23 per share, the prior year.