Fogo de Chao restaurant

Fogo de Chão 1Q traffic climbs 3%

Profit and same-store sales rise at Brazilian churrascaria chain

Fogo de Chão Inc. saw traffic rise in the first quarter ended April 3, boosting profits during the period, the company said Tuesday.

The Dallas-based operator’s net income for the first quarter rose 33 percent, to $6 million, or 21 cents per share, from $4.5 million, or 20 cents per share, the previous year. Revenue increased 6 percent, to $68.9 million, from $65 million last year.

Systemwide same-store sales rose 1.1 percent during the quarter.

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