Arcos Dorados (ARCO) Misses Q2 EPS by 3c, Revenues Beat

Arcos Dorados (NYSE: ARCO) reported Q2 EPS of $0.01, $0.03 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $753.97 million versus the consensus estimate of $718 million.

“Value-driven pricing, a compelling product mix, and the best restaurant experience in the QSR industry continued to draw more customers to our stores for the seventh consecutive quarter. While a prolonged truck drivers’ strike impacted our ability to fully leverage our scale, the Company’s performance in the second quarter underscores the strength of our business, enabling us to deliver steady results even in the face of short-term spikes in volatility.

Despite the difficult economic climate in some of our key markets, our strategy to drive top-line growth delivered a 7.0% increase in consolidated revenues on a constant currency basis, and we continue to believe that we will expand our Adjusted EBITDA margin by 100 to 200 basis points over the next two to three years.

We remain focused on bringing more guests to our restaurants more often and, looking forward, our strong restaurant portfolio, popular menu items and outstanding team continue to be our strategic pillars to drive long term shareholder value," said Sergio Alonso, Chief Executive Officer of Arcos Dorados.

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

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