Arcos Dorados (ARCO) Reports Q3 Loss Per Share of 17c
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Arcos Dorados Reports Third Quarter 2015 Financial Results
November 4, 2015 8:03 AM ESTAchieved high single-digit comparable sales growth
BUENOS AIRES--(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 September 30, 2015.
Third Quarter 2015 Key Results
As reported consolidated revenues were $753.7 million, a 16.6% decline versus the third quarter of 2014. On an organic basis1 and excluding Venezuela, consolidated revenues grew 10.0%. Systemwide comparable sales increased by 9.4% year-over-year. As reported Adjusted EBITDA was $50.9 million, or 22.9%... More