Arcos Dorados (ARCO) Tops Q3 EPS by 4c
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Arcos Dorados Reports Third Quarter 2021 Financial Results
November 10, 2021 7:30 AM ESTSystemwide comparable sales1 grew 56.6% and rose 16.5% on a 2-year basis, including positive 2-year comparable sales growth in all divisions Total Revenues1 reflected a more normalized operating environment, rising 60.1% in constant currency versus 2020 and 24.0% on a 2-year constant currency basis Drive-thru and Delivery together contributed 49% to systemwide sales1, while Digital generated 36% of total sales even with improved on-premise sales performance Consolidated Adjusted EBITDA1 reached $89.6 million, more than three times higher than the... More
