Arcos Dorados Holdings Inc., the world's largest McDonald's franchisee, reported a 3.8 percent increase in revenues during 2012, and a 9.2 percent increase in comp sales compared to 2011.
During the year, Arcos Dorados opened 130 net new restaurants, contributing to its new overall restaurant count of 1,948.
"In a soft market environment, we distinguished ourselves through promotional strategies of our iconic products and innovative offerings which resulted in double-digit organic revenue growth and solid market share," said Woods Staton, chairman and CEO of Arcos Dorados. "We expect double-digit top line growth in 2013 as a strong marketing calendar and the largest product portfolio drive traffic and expand market share. The efficiency improvements we achieved in 2012 will remain a key focus throughout the organization in 2013."
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