Arcos Dorados Reports Second Quarter 2020 Financial Results

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Go back to Arcos Dorados Reports Second Quarter 2020 Financial Results

Arcos Dorados (ARCO) Misses Q2 EPS by 7c, Revenues Beat

August 12, 2020 7:32 AM EDT

Arcos Dorados (NYSE: ARCO) reported Q2 EPS of ($0.44), $0.07 worse than the analyst estimate of ($0.37). Revenue for the quarter came in at $292.5 million versus the consensus estimate of $248.33 million.

The resilience of the Arcos Dorados System was on full display during the second quarter of 2020. Working closely with our partners, we quickly adapted to the abrupt interruption to our business across the region. We gradually re-opened Latin America and the Caribbeans largest quick service restaurant (QSR) portfolio, including the highest number of Free-standing locations, and leveraged the Three Ds of Drive-thru, Delivery and Digital... More