Arcos Dorados (ARCO) Misses Q1 EPS by 2c, Beats on Revenues

Arcos Dorados (NYSE: ARCO) reported Q1 EPS of $0.06, $0.02 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $802.8 million versus the consensus estimate of $795 million.

First Quarter 2018 Key Results – Excluding Venezuela

• As reported consolidated revenues increased 5.5% to $802.8 million versus the first quarter of 2017. On a constant currency basis1, consolidated revenues grew 10.7%.
• Systemwide comparable sales1 rose 9.8% year-over-year.
• As reported Adjusted EBITDA1 increased 12.5% to $68.0 million compared with the prior-year quarter.
• Consolidated Adjusted EBITDA margin expanded 60 basis points to 8.5%.
• As reported General and Administrative (G&A) expenses remained flat as a percentage of revenues.
• As reported net income decreased to $13.6 million, from $41.0 million in the first quarter of 2017, primarily due to re-development proceeds of $51.9 million in the year ago period.

For earnings history and earnings-related data on Arcos Dorados (ARCO) click here.

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