Arcos Dorados Reports Fourth Quarter & Full Year 2019 Financial Results
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Arcos Dorados (ARCO) Tops Q4 EPS by 8c, Revenues Beat
March 18, 2020 8:03 AM EDTArcos Dorados (NYSE: ARCO) reported Q4 EPS of $0.16, $0.08 better than the analyst estimate of $0.08. Revenue for the quarter came in at $754.37 million versus the consensus estimate of $752.67 million.
Fourth Quarter 2019 Highlights Excluding Venezuela
Consolidated revenues totaled $752.3 million, a 1.0% increase in US dollars versus fourth quarter 2018, despite the depreciation of the Argentine peso and some other local currencies. On a constant currency basis2, consolidated revenues grew 12.9%.Systemwide comparable sales2 rose 10.4% versus the prior-year quarter and were solidly above Arcos Dorados blended inflation rate.Consolidated Adjusted EBITDA2 in US dollars reached $101.7 million, a 16.8%... More