Arcos Dorados Holdings Inc., Latin America’s largest restaurant chain and the world’s largest McDonald’s franchisee, has reported its unaudited results for the second quarter ended June 30.
Highlights include:
* Revenues increased by 1.8 percent year-over-year to $ 904.2 million (U.S.) or by 15.5 percent on an organic basis, as double-digit comparable sales growth helped to offset a reduction in reported revenues from the impact of the depreciation of local currencies versus the U.S. dollar;
* Systemwide comparable sales increased by 10.4 percent year-over-year, driven by average check growth and increased guest counts. The result is in addition to a 14.8 percent increase in comparable sales in Q2 2011… Read on.