Fogo de Chão, Inc. Reports First Quarter 2016 Results

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Fogo de Chao (FOGO) Misses Q1 EPS by 2c; Cuts FY16 Revenue Outlook

May 10, 2016 4:30 PM EDT

Fogo de Chao (NASDAQ: FOGO) reported Q1 EPS of $0.21, $0.02 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $68.9 million versus the consensus estimate of $71.86 million. Company-owned comparable restaurant sales increased 1.1%, in line with guidance.

We are pleased to report consolidated comparable sales of 1.1%, in line with our expectations, said... More