Arcos Dorados Reports Fourth Quarter 2020 Comparable Sales and Provides an Outlook For 2021 - Seite 2

Systemwide Comparable Sales Brazil

(6.0)%

 

(46.3)%

(26.2)%

 

(10.6)%

 

(21.8)%

Caribbean, excl. Venezuela

(10.2)%

 

(40.4)%

1.0%

 

7.4%

 

(10.4)%

NOLAD

(6.3)%

 

(50.7)%

(35.6)%

 

(14.8)%

 

(27.0)%

SLAD

3.2%

 

(68.2)%

(37.8)%

 

(3.0)%

 

(26.7)%

TOTAL, excl. Venezuela

(4.5)%

 

(51.0)%

(27.2)%

 

(7.9)%

 

(22.3)%

Arcos Dorados’ presents consolidated and Caribbean division results excluding Venezuela due to the heavy distortions caused by Venezuela’s macroeconomic volatility, including the ongoing hyperinflationary environment and its heavily regulated currency.

The sequential improvement in quarterly sales performance established during the third quarter continued during the fourth quarter, despite the difficult comparison with the strong finish in 2019. The Company was able to operate at least one sales segment in nearly all restaurants, as well as the vast majority of its dessert centers, throughout most of the quarter.