Arcos Dorados (ARCO) Tops Q4 EPS by 8c, Revenues Beat
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Arcos Dorados Reports Fourth Quarter & Full Year 2019 Financial Results
March 18, 2020 8:00 AM EDTDouble-digit increase in systemwide comparable sales, solidly above the Companys blended inflation rate, in both the fourth quarter and full year1 Systemwide comparable sales growth of 9.5% in Brazil during the fourth quarter and 9.7% for the full year, significantly higher than the Brazilian food service industry Consolidated revenue growth of 1.0% in the quarter, and a decline of 1.8% for the full year, in US dollars, impacted by the depreciation of the Argentine peso and other local currencies1 Consolidated Adjusted EBITDA margin expansion of 180 basis points in the... More
