Arcos Dorados Holdings Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 07:30 am EDT
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Arcos Dorados Holdings Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 592.696 million compared to USD 292.524 million a year ago. Operating income was USD 17.817 million compared to operating loss of USD 77.277 million a year ago. Net income was USD 4.933 million compared to net loss of USD 89.543 million a year ago. For the half year, total revenue was USD 1,153.812 million compared to USD 910.028 million a year ago. Operating income was USD 11.009 million compared to operating loss of USD 84.413 million a year ago. Net loss was USD 24.780 million compared to USD 141.876 million a year ago.
Arcos Dorados Holdings Inc. is a McDonald's franchisee. The Company operates or franchises over 2,140 McDonald's-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay. Its menus feature over three tiers of products: entry-level options, such as its Big Pleasures, Small Prices offerings and Almuerzos Colombianos (Colombian Lunches) in Colombia; core menu options, such as the Big Mac, Happy Meal and Quarter Pounder, and premium options, such as Big Tasty or Angus premium hamburgers and chicken sandwiches and low-calorie or low-sodium products.
ARCOS DORADOS HOLDINGS INC. 
