Arcos Dorados (ARCO) Reports In-Line Q4 EPS ; Provides Outlook

Arcos Dorados (NYSE: ARCO) reported Q4 EPS of $0.26, in-line with the analyst estimate of $0.26. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.18 billion.

2024 Guidance

As announced in the press release issued by the Company on January 29, 2024, Arcos Dorados plans to open 80 to 90 restaurants in 2024, comprised of about 90% free-standing units. The Company projects total capital expenditures of $300 million to $350 million for the full year 2024, which it expects to fund with cash on hand and cash generated from operations.

For earnings history and earnings-related data on Arcos Dorados (ARCO) click here.

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