Fogo de Chao 2Q profit falls 32.7%

Fogo de Chao 2Q profit falls 32.7%

Company cites exchange rates, World Cup sales comparison in first earnings report since IPO

Fogo de Chao Inc. reported a 32.7-percent decrease in net income in the second quarter ended June 28 — its first earnings report as a public company — reflecting foreign currency exchange rates and a strong sales comparison from the 2014 World Cup in Brazil, the company said Tuesday.

The Dallas-based Brazilian casual-dining chain reported second-quarter profit of $2.5 million, or 10 cents a share, a decrease from $3.7 million, or 16 cents a share, in the prior-year quarter. Reve

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