Arcos Dorados (ARCO) Reports Q2 Loss of $0.02 on Revenues of $798.7; Ex-Venezuela Q2 EPS Gain of $0.01/Sh
Arcos Dorados (NYSE: ARCO) reported Q2 EPS of ($0.02). Revenue for the quarter came in at $798.7 million.
Second Quarter 2017 Key Results
- As reported consolidated revenues increased 16.2% to $798.7 million versus the second quarter of 2016. On a constant currency basis1, consolidated revenues grew 18.3%, or 13.0% excluding Venezuela.
- Systemwide comparable sales1 rose 20.1% year-over-year, or 13.6% excluding Venezuela.
- Adjusted EBITDA1 increased 38.7% to $56.6 million compared with the prior-year quarter.
- Consolidated Adjusted EBITDA margin expanded 120 basis points to 7.1%.
- As reported General and Administrative (G&A) expenses decreased 10 basis points as a percentage of revenues.
- As reported net loss was $4.1 million, compared to net income of $43.4 million in the year-ago period, which included $50.1 million from asset monetization initiatives.
For earnings history and earnings-related data on Arcos Dorados (ARCO) click here.