Fogo de Chao, Inc. (FOGO) [Rocket]

In millions, except per share items	Dec-31-17	Jan-01-17	Jan-03-16	Dec-28-14	Dec-29-13
	10-K	10-K	10-K	10-K	10-K
Revenues:
United States	271.7	245.4	227.1	200.0	162.4
Brazil	42.3	42.8	44.4	62.3	56.8
Other	0.4	0.2	0.1
Total revenues [+]	314.4	288.3	271.6	262.3	219.2
Food & beverage	314.0	288.1	271.5	262.3	219.2
Other income	0.4	0.2	0.1
Revenue growth [+]	9.0%	6.1%	3.6%	19.6%
United States	10.7%	8.1%	13.5%	23.1%
Brazil	-1.2%	-3.8%	-28.7%	9.6%
Unit growth	8.7%	9.5%
Cost of goods sold [+]	226.2	202.5	186.4	177.2	150.6
Cost of product sales	75.2	66.4	60.2	54.7	46.9
Food and beverage costs	89.7	82.1	80.1	78.3	67.0
Direct labor costs	75.2	66.4	60.2	54.7	46.9
Gross profit	88.2	85.8	85.2	85.1	68.7
Gross margin	28.1%	29.8%	31.4%	32.5%	31.3%
Selling, general and administrative [+]	31.4	27.7	39.2	27.0	24.4
Sales and marketing	8.1	7.1	6.6	5.6	6.2
General and administrative	23.3	20.6	32.6	21.4	18.2
Other operating expenses	4.1	3.6	10.6	2.0	4.4
EBITDA [+]	52.7	54.5	35.5	56.1	39.9
EBITDA growth	-3.2%	53.6%	-36.8%	40.8%
EBITDA margin	16.8%	18.9%	13.1%	21.4%	18.2%
Depreciation	18.9	15.5	12.2	11.3	8.7
EBITA	33.8	39.0	23.3	44.8	31.2
EBITA margin	10.8%	13.5%	8.6%	17.1%	14.2%
Amortization of intangibles	0.2	0.3	0.3	0.3	0.3
EBIT [+]	33.7	38.7	23.0	44.5	30.9
EBIT growth	-13.1%	68.5%	-48.3%	44.1%
EBIT margin	10.7%	13.4%	8.5%	17.0%	14.1%
Non-recurring items [+]	4.2	0.3		3.1	6.9
Asset impairment	4.2	0.3
Unusual expense				3.1	6.9
Interest expense, net [+]	2.6	2.2	9.1	17.1	22.4
Interest expense	5.0	4.4	10.0	17.9	22.9
Interest income	2.4	2.2	0.9	0.8	0.5
Other income (expense), net [+]	0.0	0.0	0.0	0.0	-0.1
Gain (loss) on debt retirement			-6.0
Other	0.0	0.0	0.0	0.0	-0.1
Pre-tax income	26.9	36.2	13.8	24.3	1.5
Income taxes	-1.5	12.0	-14.2	7.0	2.5
Tax rate		33.0%		28.8%	161.0%
Minority interest	-0.4	-0.2	0.1	-0.3
Net income	28.8	24.4	27.9	17.6	-0.9
Net margin	9.2%	8.5%	10.3%	6.7%	-0.4%

Basic EPS [+]	$1.02	$0.87	$1.09	$0.77	($0.04)
Growth	17.4%	-20.4%	41.2%	-1961.8%
Diluted EPS [+]	$1.00	$0.85	$1.06	$0.76	($0.04)
Growth	17.9%	-19.9%	38.8%	-1936.0%

Shares outstanding (basic) [+]	28.2	28.1	25.5	22.7	22.6
Growth	0.4%	10.2%	12.4%	0.6%
Shares outstanding (diluted) [+]	28.8	28.8	26.3	23.0	22.6
Growth	-0.1%	9.5%	14.4%	2.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.