Arcos Dorados Reports Fourth Quarter and Full Year 2020 Financial Results
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Arcos Dorados (ARCO) Reports Q4 EPS of $0.11, Revenues Beat
March 17, 2021 7:34 AM EDTArcos Dorados (NYSE: ARCO) reported Q4 EPS of $0.11, versus $0.16 reported last year. Revenue for the quarter came in at $605.7 million versus the consensus estimate of $565 million.
Fourth Quarter 2020 Highlights Excluding Venezuela
Consolidated revenues totaled $605.7 million, 19.5% lower in US dollars, or 5.3% lower on a constant currency basis1, versus the prior year period.Systemwide comparable sales1 declined 7.9% versus the prior year quarter, despite a tough comparison, reflecting another strong sequential quarterly improvement.Food and Paper costs declined by nearly 35 basis points as a percentage of sales at company-operated restaurants, compared... More