Arcos Dorados (ARCO) Reports Q1 EPS of $0.19
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Arcos Dorados Reports First Quarter 2017 Financial Results
May 3, 2017 8:00 AM EDTDelivered strong top-line growth and Adjusted EBITDA margin expansion. Achieved positive volume trends across key markets.
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, 2017.
First Quarter 2017 Key Results
As reported consolidated revenues increased 18.7% to $781.5 million versus the first quarter of 2016. On a constant currency basis1, consolidated revenues grew 17.0%, or 9.2% excluding Venezuela. Systemwide comparable sales1 rose 19.4% year-over-year, or... More