Fogo de Chao (FOGO) Reports In-Line Q1 EPS

Fogo de Chao (NASDAQ: FOGO) reported Q1 EPS of $0.18, in-line with the analyst estimate of $0.18. Revenue for the quarter came in at $76.4 million versus the consensus estimate of $75.31 million.

• Total revenue of $76.4 million, which represents 10.9% year-over-year growth on a reported basis and 7.9% growth on a constant currency basis(1).
• Consolidated comparable restaurant sales increased 0.3%.
• U.S. comparable restaurant sales increased 0.9% on a 0.8% increase in traffic.
• GAAP net income was $5.0 million, or $0.17 per diluted share.
• Adjusted net income(2) was $5.2 million, or $0.18 per diluted share.
• Opened Tysons, Virginia and Uptown Dallas, Texas, the Company’s second restaurant in the Washington D.C. and Dallas-Ft. Worth metropolitan areas, respectively.

For earnings history and earnings-related data on Fogo de Chao (FOGO) click here.

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