Arcos Dorados (ARCO) Reports Q1 EPS of $0.08
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Arcos Dorados Reports First Quarter 2016 Financial Results
May 4, 2016 8:04 AM EDTAchieved comparable sales growth of 15.9% and strong Adjusted EBITDA margin expansion on a consolidated level
MONTEVIDEO, Uruguay--(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, 2016.
First Quarter 2016 Key Results
As reported consolidated revenues were $658.5 million, a 15.0% decline versus the first quarter of 2015. On a constant currency basis1 and excluding Venezuela, consolidated revenues grew 12.2%. Systemwide comparable sales increased by 15.9%... More