Arcos Dorados (ARCO) Tops Q3 EPS by 7c
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Arcos Dorados Reports Third Quarter 2023 Financial Results
November 16, 2023 7:30 AM ESTSystemwide comparable sales¹ grew 37.3% year-over-year, supported by strong sales volume across all divisions Total revenues reached $1.1 billion in the quarter, up 22.1% in US dollars and 42.9% in constant currency, versus the prior year period Digital channel sales (Delivery, Mobile App and Self-order Kiosks) contributed 50% of systemwide sales, reaching $731.5 million Consolidated Adjusted EBITDA¹ was $129.1 million, up 25.8% in US dollars and 43.9% in constant currency Net Income reached $59.7 million, or $0.28 per share, up from $0.22 per share in the prior year quarter
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