McDonald's has a loss of $ 98,986 million in the second quarter

Arcos Dorados, which controls the McDonald's franchises in Latin America, recorded in the second quarter of 2014 a net loss attributable to itself of $ 98,986 million, while in the same period last year she had a profit of $ 8,785 million.
The company's revenue in the second quarter of this year declined 7.2% against the same range of 2013, going from $ 989,185 million to $ 917,922 million. Registered gains with sales at the restaurants own downloaded 7%, amounting to US $ 881,387 million, while revenues from franchise rights retreated 11.9%, to $ 36,535 million.
According to the administration of the golden arches, the second quarter results were adversely affected by low economic performance of the countries in which it operates. The devaluation of the Brazilian real and the Argentine peso, along with the changes made by Venezuela in its Exchange system, were the main causes of the drop in revenue.
In organic terms, total revenue rose 11.7%, with an increase of 7.8% in comparable sales (sales counted in all restaurants, whether they are operated by the company or by franchisees, in operation for at least 13 months, including the temporarily closed). In addition, there was a contribution of $ 52.8 million, the constant interest rates, the inauguration of 104 restaurants in the last 12 months.
Operating costs and expenses reached $ 956,201 million, an increase of 0.5% compared to the second quarter of the previous year.
In Brazil, its largest market, consumer demand remained low, and the flow in restaurants retreated more than anticipated, due to the World Cup. The company's revenue in the country was stable due to the devaluation of the real, while in organic terms she rose 7.7 percent.
In the first half, the Golden Arches has a prejudice for you $ 119,616 million, after $ 2,183 million profit in the first six months of 2013. On the same basis of comparison, the total revenue dropped 6.7%, to $ 1,833 billion.