Wendy's Co. said its normalized net income for the fiscal fourth quarter ended Jan. 3 was 22 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.
EPS climbed year over year from 8 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $62.5 million, a gain from $28.4 million in the fourth quarter ended Dec. 28, 2014.
The normalized profit margin climbed to 13.5% from 5.8% in the year-earlier period.
Total revenue declined on an annual basis to $464.4 million from $487.3 million, and total operating expenses decreased 9.5% year over year to $390.7 million from $431.7 million.
Reported net income increased on an annual basis to $89.3 million, or 32 cents per share, from $22.1 million, or 6 cents per share.
For the year, the company's normalized net income totaled 42 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 33 cents.
EPS rose 48.7% from 29 cents in the prior year.
Normalized net income was $139.3 million, a gain of 30.0% from $107.2 million in the prior year.
Full-year total revenue fell 6.4% year over year to $1.87 billion from $2.00 billion, and total operating expenses fell 9.2% on an annual basis to $1.62 billion from $1.79 billion.
The company said reported net income increased 21.2% on an annual basis to $141.4 million, or 43 cents per share, in the full year, from $116.6 million, or 31 cents per share.