Brief: Arcos Dorados Holdings Says Q2 Systemwide Comp Sales, Excluding Venezuela Down 51%

Arcos Dorados Holdings

06/07/2020 21:39

July 6 (Reuters) - Arcos Dorados Holdings Inc  ARCO.N :
    * ARCOS DORADOS PROVIDES A BUSINESS UPDATE AND REPORTS
SECOND
QUARTER 2020 SYSTEMWIDE COMPARABLE SALES
    * ARCOS DORADOS HOLDINGS INC - STARTING IN MIDDLE OF APRIL,
NUMBER
OF OPEN RESTAURANTS ROSE STEADILY, ENDING Q2 WITH 88% OPERATING
AT LEAST ONE SEGMENT
    * ARCOS DORADOS - APPROVED A STOCK DIVIDEND FOR DISTRIBUTION
IN
AUGUST , IN LIEU OF 2 REMAINING CASH DIVIDEND PAYMENTS SCHEDULED
FOR AUG, DEC
    * ARCOS DORADOS HOLDINGS INC - EXPECT CO'S LEVERAGE RATIOS
TO
INCREASE THROUGHOUT 2020
    * ARCOS DORADOS - Q2 SYSTEMWIDE COMP SALES, EXCLUDING
VENEZUELA
DOWN 51%
    * ARCOS DORADOS - BY END OF JUNE, SALES AT MANY OF CO'S
FREE-STANDING RESTAURANTS HAD RECOVERED TO MORE THAN 90% OF
PRIOR YEAR’S LEVELS

Source text for Eikon:  ID:nBw6fRwhWa 
Further company coverage:  ARCO.N 

 (Reuters.Briefs@thomsonreuters.com)