Arcos Dorados (ARCO) Tops Q2 EPS by 9c
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Arcos Dorados Announces Key Management Changes
August 11, 2015 8:01 AM EDTSergio Alonso Appointed Chief Executive Officer
Woods Staton Remains as Executive Chairman
BUENOS AIRES, Argentina--(BUSINESS WIRE)-- Arcos Dorados (NYSE: ARCO), Latin Americas largest restaurant chain and the worlds largest McDonalds franchisee, today announced the appointment of Sergio Alonso, 52, as its new Chief Executive Officer, effective October 1. Mr. Alonso succeeds Chairman and Chief Executive Officer Woods Staton, 65, who will remain as Executive Chairman.
Sergio has been a part of the McDonalds system for nearly 30 years and has developed a track record of achieving... More
Arcos Dorados Reports Second Quarter 2015 Financial Results
August 11, 2015 8:01 AM EDTAchieved high single-digit comparable sales growth and delivered consolidated Adjusted EBITDA margin expansion.
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 quarter ended June 30, 2015.
Second Quarter 2015 Key Results
As reported consolidated revenues were $759.0 million, a 17.3% decline versus the second quarter of 2014. On an organic basis1 and excluding Venezuela consolidated revenues grew 7.7%. Systemwide comparable sales increased by 8.5% year-over-year.... More