In search of aclassier chain restaurant?
Look no further than Fogo de Chao.
Fogo de Chao’s exceptional AUV this year is worth harping on for a moment.
Photo: Cheryl N. / Yelp
Restaurant traffic also increased 12.3%, while same-store sales grew by 16.4%.
Besides 2020, Fogo de Chao has been on an impressive streak of seven straight years showing transaction growth.
The chain says these new restaurants are exceeding expectations, fueling confidence for ambitious expansion plans moving forward.
Photo: Courtesy of Fogo De Chao
There is still no official date for Fogo de Chao’s IPO.
