Papa John's International Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 27, 2015, was 58 cents per share, compared with the S&P Capital IQ consensus estimate of 57 cents per share.
EPS rose 28.3% year over year from 45 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $22.7 million, an increase of 23.8% from $18.3 million in the year-earlier period.
The normalized profit margin climbed to 5.5% from 4.3% in the year-earlier period.
Total revenue fell on an annual basis to $416.8 million from $425.5 million, and total operating expenses fell year over year to $376.7 million from $393.3 million.
Reported net income grew 15.1% from the prior-year period to $24.5 million, or 62 cents per share, from $21.3 million, or 52 cents per share.
For the year, the company's normalized net income totaled $1.89 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.04.
EPS rose 16.9% from $1.62 in the prior year.
Normalized net income was $75.8 million, an increase of 12.1% from $67.6 million in the prior year.
Full-year total revenue increased from the prior-year period to $1.64 billion from $1.60 billion, and total operating expenses grew year over year to $1.50 billion from $1.48 billion.
The company said reported net income rose year over year to $75.6 million, or $1.89 per share, in the full year, from $73.0 million, or $1.75 per share.