Arcos Dorados Reports Impressive Second Quarter Financial Results

Strong Revenue Growth and Net Interest Expense

Key Highlights

Arcos Dorados, the largest Latin American franchisee of McDonald's restaurants, has released its financial results for the second quarter of 2023. The company reported several notable achievements:

• Consolidated Adjusted EBITDA in US dollars reached a second-quarter record of $924 million, a significant increase from the previous year.
• Net income attributable to the Company totaled $49 million, a significant improvement compared to the net loss of $895 million in the same period last year.
• Systemwide comparable sales increased by 31.5%, outpacing blended inflation 13 times.
• Revenue grew by a solid 68% year-on-year, totaling $11.1 billion.
• Earnings per share improved to $0.05 in the second quarter of 2023 compared to earnings per share of $0.00 in the same period last year.

These results mark a significant improvement over the previous year and demonstrate the company's continued financial strength. Arcos Dorados' performance underscores its strategic initiatives, focused growth, and customer-centric approach. The company maintains a strong position for continued success.