Arcos Dorados (ARCO) Reports Q2 EPS of $0.21
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Arcos Dorados Reports Second Quarter 2016 Financial Results
August 3, 2016 8:02 AM EDTAchieved high single-digit comparable sales growth and delivered Adjusted EBITDA margin expansion on a consolidated basis.
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 second quarter ended June 30, 2016.
Second Quarter 2016 Key Results
As reported consolidated revenues were $687.3 million, a 9.4% decline versus the second quarter of 2015. On a constant currency basis1, consolidated revenues grew 10.1%, or 7.9% excluding Venezuela. Systemwide comparable sales increased by 9.5%... More