Arcos Dorados have net income of $ $23.4 million in the third quarter

Arcos Dorados, which operates the network of McDonald's fast food restaurant in Latin America, posted a net profit of $ $23.4 million in the third quarter of this year. The result reverses a loss of $ $1.8 million recorded in the same period last year.
Revenues grew 6 percent in the quarter against the same period in 2016, totaling $ $378.4 million.
Adjusted Ebitda (earnings before net financial result, income and social contribution taxes, depreciation and amortization, minority interests and equity method) grew 17.5 percent, supported by revenue growth and increased margin. According to Arcos Dorados, Brazil had a key role in the successful outcome of Latin America.
Brazil
Sales of McDonald's in Brazil, including franchisees, had an increase of 8% in the quarter. According to the company, the result is due to "continued product innovation and an unparalleled experience of restaurants". The system ended the quarter with 910 restaurants.
In the period, revenues increased 6% in Brazil, to $ $378.4 million, with help from the appreciation of the real. Without considering the impact of exchange rate variation, however, the company's revenue grew less, 3.3%, with the negative impact of the restructuring of some franchises of restaurants last year.