Restaurant Equipment Articles : Arcos Dorados Reports Second Quarter 2015 Financial Results
As reported consolidated revenues were $759.0 million, a 17.3% decline versus the second quarter of 2014. On an organic basis1 and excluding Venezuela consolidated revenues grew 7.7%.
Arcos Dorados Reports Second Quarter 2015 Financial Results
As reported consolidated revenues were $759.0 million, a 17.3% decline versus the second quarter of 2014. On an organic basis1 and excluding Venezuela consolidated revenues grew 7.7%.
Arcos Dorados Holdings, Inc. (NYSE:ARCO), Latin America’s largest restaurant chain and the world’s largest McDonald’s franchisee, today reported unaudited results for the quarter ended June 30, 2015.
Second Quarter 2015 Key Results
- As reported consolidated revenues were $759.0 million, a 17.3% decline versus the second quarter of 2014. On an organic basis1 and excluding Venezuela consolidated revenues grew 7.7%.
- Systemwide comparable sales increased by 8.5% year-over-year.
- As reported Adjusted EBITDA was $41.1 million, or 2.2% lower year-over-year. Organic Adjusted EBITDA excluding Venezuela, increased by 9.8% versus the prior year quarter.
- As reported General and Administrative expenses (G&A) declined by $9.7 mill
Restaurant Equipment Articles : Arcos Dorados Reports Second Quarter 2015 Financial Results
As reported consolidated revenues were $759.0 million, a 17.3% decline versus the second quarter of 2014. On an organic basis1 and excluding Venezuela consolidated revenues grew 7.7%.
Arcos Dorados Reports Second Quarter 2015 Financial Results
As reported consolidated revenues were $759.0 million, a 17.3% decline versus the second quarter of 2014. On an organic basis1 and excluding Venezuela consolidated revenues grew 7.7%.
Arcos Dorados Holdings, Inc. (NYSE:ARCO), Latin America’s largest restaurant chain and the world’s largest McDonald’s franchisee, today reported unaudited results for the quarter ended June 30, 2015.
Second Quarter 2015 Key Results
- As reported consolidated revenues were $759.0 million, a 17.3% decline versus the second quarter of 2014. On an organic basis1 and excluding Venezuela consolidated revenues grew 7.7%.
- Systemwide comparable sales increased by 8.5% year-over-year.
- As reported Adjusted EBITDA was $41.1 million, or 2.2% lower year-over-year. Organic Adjusted EBITDA excluding Venezuela, increased by 9.8% versus the prior year quarter.
- As reported General and Administrative expenses (G&A) declined by $9.7 mill