Arcos Dorados Reports Second Quarter 2015 Financial Results
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August 12, 2015 7:14 AM EDT
BofA/Merrill Lynch downgraded Arcos Dorados Holdings (NYSE: ARCO) from Neutral to Underperform with a price target of $4.75.
For an analyst ratings summary and ratings history on Arcos Dorados Holdings click here. For more ratings news on Arcos Dorados Holdings click here.
Shares of Arcos Dorados Holdings closed at $4.39 yesterday.
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August 11, 2015 8:03 AM EDT
Arcos Dorados (NYSE: ARCO) announced the appointment of Sergio Alonso, 52, as its new Chief Executive Officer, effective October 1. Mr. Alonso succeeds Chairman and Chief Executive Officer Woods Staton, 65, who will remain as Executive Chairman.
Sergio has been a part of the McDonalds system for nearly 30 years and has developed a track record of achieving operational and financial improvements that are at the core of our Companys long-term strategy to create shareholder value. We have been colleagues in building Arcos Dorados and with his strong leadership, I am confident that we will continue to... More
August 11, 2015 8:02 AM EDT
Arcos Dorados (NYSE: ARCO) reported Q2 EPS of $0.03, $0.09 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $759 million versus the consensus estimate of $1.17 billion.
Systemwide comparable sales increased by 8.5% year-over-year.
For earnings history and earnings-related data on Arcos Dorados (ARCO) click here.
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