Arcos Dorados Holdings (ARCO) Posts Q1 EPS of $0.15, Issues FY11 Guidance
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Arcos Dorados Holdings (NYSE: ARCO) reported Q1 EPS of $0.15, versus $0.09 reported last year. Revenue for the quarter came in at $826.7 million, versus $671.23 million reported last year.
For FY11 the Company expects consolidated revenues to grow by 15-17% and growth in Adjusted EBITDA of 15-17% compared with 2010. Additionally, the Company estimates an increase in net income of 35-45% for the year.
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For FY11 the Company expects consolidated revenues to grow by 15-17% and growth in Adjusted EBITDA of 15-17% compared with 2010. Additionally, the Company estimates an increase in net income of 35-45% for the year.
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