Arcos Dorados (ARCO) Reports Q3 Loss of $0.01
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Arcos Dorados Reports Third Quarter 2016 Financial Results
November 2, 2016 8:01 AM EDTAchieved as reported revenue and mid-teen comparable sales growth and delivered consolidated Adjusted EBITDA margin expansion versus the prior year
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 third quarter ended September 30, 2016.
Third Quarter 2016 Key Results
As reported consolidated revenues increased 2.9% to $775.7 million versus the third quarter of 2015. On a constant currency basis1, consolidated revenues grew 15.3%, or 12.4% excluding Venezuela. Systemwide comparable sales... More