Arcos Dorados Reports Third Quarter 2019 Financial Results
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Arcos Dorados (ARCO) Tops Q3 EPS by 4c, Revenues Beat
November 13, 2019 8:09 AM ESTArcos Dorados (NYSE: ARCO) reported Q3 EPS of $0.12, $0.04 better than the analyst estimate of $0.08. Revenue for the quarter came in at $747.6 million versus the consensus estimate of $718.33 million.
Third Quarter 2019 Highlights Excluding Venezuela
Consolidated revenues totaled $747.6 million, a 3.8% increase in US dollars versus the third quarter of 2018 and despite the depreciation of some local currencies. On a constant currency basis2, consolidated revenues grew 14.1%.Systemwide comparable sales2 rose 12.7% year-over-year and were above blended inflation.Consolidated Adjusted EBITDA2 in US dollars decreased 13.7% year-over-year to $76.1 million, mainly as a result of... More