Arcos Dorados (ARCO) Misses Q1 EPS by 30c, Revenue Beats
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Arcos Dorados Reports First Quarter 2020 Financial Results
May 13, 2020 7:30 AM EDTRevenue and Adjusted EBITDA began the quarter with strong performances but were materially impacted by the outbreak of COVID-19 in Latin America and the Caribbean Drive-thru and Delivery became the leading revenue-generating segments by quarter-end due to partial or total closure of a significant number of restaurants Several measures were implemented to preserve the Companys liquidity position, such as reducing expenses, deferring payments and limiting capital expenditures The Company withdrew its 2020 to 2022... More
