Arcos Dorados (ARCO $24.75 +1.24) reported second quarter earnings of
$0.07 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.03.
Revenues rose 28.7% year/year to $888.5 million versus the $853.3 million
consensus.
Based on stronger than forecasted year-to-date results and the current outlook
for operations and currencies for the remainder of 2011, Arcos Dorados has
modified its outlook for the full-year 2011. The company now expects
year-over-year consolidated revenue growth of 22-24%, up from prior expectation
of 15-17%, and Adjusted EBITDA growth of 18-20%. Additionally, the company
estimates an increase in net income of 35-45% in 2011.






