Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest McDonald’s franchisee, today reported results for the fourth quarter and full year ended December 31, 2011.
Full Year 2011 Highlights
- Revenues increased by 21.2% year-over-year, or by 17.7% on a constant currency basis, to US$ 3,657.6 million
- Systemwide comparable sales increased by 13.7% year-over-year
- Gross openings of 101 restaurants, led by an ambitious opening schedule culminating in a year-end restaurant base of 1,840
- Adjusted EBITDA 1 increased by 13.6% year-over-year, or by 7.6% on a constant currency basis, to US$ 339.8 million
- Net income amounted to US$ 115.5 million, a 9% increase over one year ago
- Capital expenditure for the year totaled US$ 319.9 million and is consistent with the Company’s long-term growth strategy of boosting future growth through new and reimaged restaurants
- Execution of three major capital markets transactions including an IPO, secondary follow-on and debt restructuring, which reduces ongoing funding costs
Fourth Quarter 2011 Highlights
- Revenues increased by 10.5% year-over-year, or by 16.1% on a constant currency basis, to US$ 958.5 million
- Systemwide comparable sales increased by 11.5% year-over-year
- Adjusted EBITDA 1 increased by 6.1% year-over-year, or by 10% on a constant currency basis, to US$ 104.6 million
- Net income amounted to US$ 46.2 million, a 12.3% increase over one year ago
“Arcos Dorados’ achievements in 2011 extend well beyond strong revenue and earnings growth. The execution of three highly successful capital markets transactions, a multinational strategic plan and an ambitious restaurant opening and reimaging program underscore the depth of talent at every level of our organization,” said Woods Staton, Chairman and CEO of Arcos Dorados.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV