Fogo de Chao (FOGO) Tops Q2 EPS by 3c
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Fogo de Chao, Inc. Reports Second Quarter 2015 Results
August 11, 2015 4:01 PM EDTDALLAS, Aug. 11, 2015 (GLOBE NEWSWIRE) -- Fogo de Chão, Inc. (NASDAQ: FOGO) today reported financial results for its fiscal second quarter ended June 28, 2015.
Key Highlights for the Second Quarter of 2015 include:
Total revenue increased 11.0%, on a World Cup and constant currency(1) adjusted basis to $68.2 million compared to $68.5 million in the second quarter of 2014. U.S. company-owned comparable restaurant sales increased 4.2%. The Company opened its first joint venture restaurant in Mexico and second location in Rio de Janeiro. Adjusted EBITDA(2) increased 9.1%(1) year-over-year to $15.6 million. Net income was $2.5 million,... More