McDonald’s Latin America franchisee Arcos Dorados Holdings has posted an increase in its Q2 2012 revenues by 1.8% year-over-year to $904.2m, compared to $888.5m in the corresponding quarter a year ago.
Arcos Dorados’ systemwide comparable sales for the quarter ended 30 June 2012 rose by 10.4% year-over-year, attributed to average check growth and increased guests count.
The restaurant company’s net income for the second quarter of fiscal 2012 declined to $12.1m when compared to $14.2m for the corresponding quarter of fiscal 2011.
Its year-to-date consolidated net income amounted to $37.5m, compared with $49.7m in the first half of last year.
Arcos Dorados Holdings chief executive officer Woods Staton said that the company is revising guidance for full year Adjusted EBITDA growth over 2011 to between 8-10%.
The company posted revenues of $1.82bn for the first half of the year compared to revenues of $1.71bn in the same six-month period in 2011.
Headquartered in Buenos Aires, Argentina, Arcos Dorados operates or franchises 1,840 McDonalds-branded restaurants with more than 90,000 employees serving nearly 4.3 million customers everyday.
The company is believed to be the world’s largest McDonald’s franchisee in terms of systemwide sales and number of restaurants.
The chain has the exclusive rights to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guyana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, St. Croix, St. Thomas, Trinidad & Tobago, Uruguay and Venezuela.