Arcos Dorados (ARCO) Tops Q3 EPS by 3c, Revenues Beat
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Arcos Dorados Reports Third Quarter 2020 Financial Results
November 11, 2020 7:30 AM ESTThe Company is solidly in the Recovery Phase of its Plan, with September systemwide comparable sales already at about 85% of the prior year Drive-Thru and Delivery posted record sales in the quarter, growing 54% and 180% in constant currency versus the prior year, respectively Adjusted EBITDA reached $25.8 million in the quarter, positive in all Divisions, benefitting from better sales and effective cost and expense management initiatives Operating cash flow generation of $28.6 million in the quarter and strengthened balance sheet... More
