Arcos Dorados (ARCO) Misses Q1 EPS Views
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Arcos Dorados Reports First Quarter 2015 Financial Results
May 12, 2015 8:01 AM EDTAchieved high single-digit growth in comparable sales in addition to Adjusted EBITDA margin expansion at the divisional level.
BUENOS AIRES, Argentina--(BUSINESS WIRE)-- Arcos Dorados Holdings, Inc. (NYSE: ARCO) (Arcos Dorados or the Company), Latin Americas largest restaurant chain and the worlds largest McDonalds franchisee, today reported unaudited results for the first quarter ended March 31, 2015.
First Quarter 2015 Key Results
Consolidated revenues were $775.1 million, a 15.3% decline versus the first quarter of 2014. On an organic basis and excluding Venezuela, consolidated revenues grew 6.8%. Systemwide comparable sales increased by 9.4%... More