Sales of McDonald's in Brazil lose weight ´

São Paulo – sales of McDonald's fine in ´ Brazil in recent months, according to balance sheet released today by Arcos Dorados, responsible for fast food network in Latin America.
The company grossed $ 350.8 million dollars in the country in the second quarter, falling 23.6% compared to the same period last year.
According to the report, not counting the variations of the Brazilian currency, was 5.3% higher performance compared to 2014.
Adjusted ebitda of the Brazilian operation was 44.4 million dollars, 19.5% lower value than the same quarter of 2014.
The ´ McDonad's account with 871 restaurants in Brazil, which accounts for 46.2% of the business of the Golden Arches as a whole.
This week, the company announced a new command. Sergio Alonso, 52, who was Director of financial operations, will take over as CEO from October 1, in place of Woods Staton.
Latin America
Throughout the region, Arcos Dorados earned $ 759 million in the quarter, 17.3% lower value compared to the same period in 2014.
In constant currency, not considering the variations of the local currencies of the 20 countries in which it operates and excluding Venezuela, the growth was 7.7%.
The company's adjusted ebitda was $ 41,1 million, a fall of 2.2% recorded in the same quarter last year.
Arcos Dorados has 2,120 restaurants, 2,549 dessert malls and 332 units of McCafé in Latin America.
According to the company, the global economic crisis, devaluation of local currencies and reduced consumer spending have affected the business.
"In that sense, promotions with successful track record and dining more affordable offerings gave us an excellent result," says Woods Staton, CEO of Arcos Dorados.