Arcos Dorados Holdings, Inc. (ARCO) Q2 2012 Earnings Call August 7, 2012 10:00 AM ET Executives Sofia Chellew – Director, IR Woods Staton – Chairman and CEO Sergio Alonso – COO Germán Lemonnier – CFO Analysts John Glass – Morgan Stanley Jeronimo De Guzman – Morgan Stanley John Ivankoe – JP Morgan Robert Ford – Bank of America/Merrill Lynch Mitchell Speiser – Buckingham Research Nitin Saigal – Bridger Capital PresentationOperator
Good morning everyone and welcome to the Arcos Dorados Second Quarter 2012 Earnings Conference Call. With us today are Woods Staton, Chairman and Chief Executive Officer; Sergio Alonso, Chief Operating Officer, the company’s CFO, Germán Lemonnier; and Sofia Chellew, Investor Relations Director. As a reminder, all participants will be in a listen-only mode. There will be an opportunities for you to ask questions at the end of today’s presentation. (Operator Instructions) Today’s conference is being recorded. Sofia Chellew Hello everybody, this is Sofia Chellew. Before we proceed, I would like to make the following Safe Harbor statement. Today’s call will contain forward-looking statement and I will refer you to the forward-looking statement section of our earnings release and recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or circumstances. In addition to reporting financial results in accordance with generally accepted accounting principles. We report certain non-GAAP financial results. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to the comparable GAAP results, which can be found in the press release filed with the SEC on Form 6-K.