India, March 13 -- Arcos Dorados Holdings, Inc. (ARCO), a restaurant chain and McDonald's franchisee, reported Wednesday that its fourth-quarter net income attributable to the company totaled $55.78 million, higher than last year's $54.49 million.
Earnings per share were $0.26, in line with the prior-year quarter.
Analysts on average expected the company to report earnings of $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Arcos Dorados' total revenues reached $1.18 billion, up 15.4 percent from $1.02 billion a year ago.
Systemwide comparable sales increased 32.4 percent, with higher guest traffic and average check driving at or above-inflation growth in all divisio...