Arcos Dorados reports Q2 EPS 11c, consensus 7c

Reports Q2 revenue $1.1B, consensus $1.14B. Systemwide comparable sales grew 12.1%. The company said, “The results we are reporting today demonstrate the strength of the Arcos Dorados (ARCO) business model. Each of our markets faced a unique set of operating conditions and each delivered strong results within the context of their individual environments. By staying true to our Purpose, we strengthened our bond with guests and expanded our brand preference throughout Latin America and the Caribbean, Making Every Day an Opportunity to Feed People and Build Dreams.”