Fogo de Chao (FOGO) Misses Q1 EPS by 2c; Cuts FY16 Revenue Outlook
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Fogo de Chão, Inc. Reports First Quarter 2016 Results
May 10, 2016 4:06 PM EDTDALLAS, May 10, 2016 (GLOBE NEWSWIRE) -- Fogo de Chão, Inc. (NASDAQ: FOGO) today reported financial results for its 13-week fiscal first quarter ended April 3, 2016.
Key Highlights for the First Quarter of 2016 Include:
Total revenue was $68.9 million for the 13-week period ending April 3, 2016, which represents 10.6% growth over the same quarter last year on a constant currency basis(1).Company-owned comparable restaurant sales increased 1.1%, in line with guidance.GAAP net income was $6.0 million compared to $4.7 million in the first quarter of 2015.Adjusted net... More