Profit for the quarter ended June 30 rose to $10.3 million, or 42 cents per share, from $1.9 million, or 10 cents per share, during the same period a year ago.

Revenue rose 26 percent to $109.1 million from $86.9 million last year.

Analysts polled by Thomson Financial expected net income of 47 cents per share and revenue of $107.7 million.

Same-store sales rose 7.1 percent to $5.9 million during the quarter. Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.

The company opened 12 new stores in the quarter.

The company said consolidated check cashing revenue grew 21 percent, as average check cashed grew 7.6 percent to $496.

For the year, the company swung to a loss of $32.2 million, or $1.37 per share, versus a profit of $7 million, or 37 cents per, share last year.

Revenue rose 25 percent to $409.9 million from $328.5 million last year.

The company said results were helped by expanding store count. The company acquired 115 financial services stores and 52 de novo stores in the U.S., Canada and the U.K.