Arcos Dorados (ARCO) Misses Q1 EPS by 13c, Revenue Beats
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Arcos Dorados Reports First Quarter 2021 Financial Results
May 12, 2021 7:30 AM EDTPositive consolidated1 systemwide comparable sales growth for the first time since the fourth quarter 2019, overcoming operating restrictions throughout the quarter The Three Ds Strategy drove revenue with Drive-thru and Delivery growing 55% and 208% in constant currency1, respectively, and Digital generating 37% of sales1 Consolidated1 Adjusted EBITDA reached $24.7 million, positive in all four divisions, with especially strong performances in SLAD and the Caribbean1 Consolidated1 Adjusted EBITDA margin, improved 30 basis points, excluding the non-cash bad debt reserve reversal... More
