RIO DE JANEIRO--(BUSINESS WIRE)--Brazil Fast Food Corp. (OTC Bulletin Board: BOBS.OB) (“Brazil Fast Food”, or the “the Company”) the second largest fast-food restaurant chain with 671 points of sale, operating under the Bob’s and KFC brands in Brazil, reported today financial results for the first quarter ended on March 31, 2009.
First Quarter 2009 Highlights
System-wide sales reached R$ 168.15 million, up 16.8% from the first quarter of 2008
Total revenue reached R$44.2 million, up 50% from the first quarter of 2008
Operating income totaled R$1.8 million, down from R$2.3 million in the first quarter of 2008
Net income was R$1.1 million, or R$0.14 per diluted share in the first quarter 2009
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