Fogo de Chao (FOGO) Reports In-Line Q3 EPS, Trims Outlook
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Fogo de Chao, Inc. Reports Third Quarter 2015 Results
November 3, 2015 4:19 PM ESTDALLAS, Nov. 3, 2015 (GLOBE NEWSWIRE) -- Fogo de Chão, Inc. (NASDAQ: FOGO) today reported financial results for its fiscal third quarter ended September 27, 2015.
Key Highlights for the Third Quarter of 2015 include:
Total revenue increased 7.4%, on a World Cup and constant currency(1) adjusted basis to $61.0 million. U.S. company-owned comparable restaurant sales increased 2.8%. Adjusted EBITDA(2) increased 6.8%(1) year-over-year to $13.3 million. Net income was $7.8 million, compared to $4.5 million in the third quarter of 2014. Adjusted net income(2) was $5.3 million, or $0.18 per diluted... More