Arcos Dorados (ARCO) Tops Q1 EPS by 8c
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Arcos Dorados Reports First Quarter 2022 Financial Results
May 18, 2022 7:30 AM EDTSystemwide comparable sales¹ grew 42.0% year-over-year, driven primarily by higher guest volume across all divisions Digital channels (Delivery, Mobile App and Self-order Kiosks) generated 38% of systemwide sales in the quarter, with record Delivery, Self-order Kiosk and Order Ahead sales Consolidated Adjusted EBITDA¹ in US dollars reached a first-quarter record of $79.6 million, and trailing twelve month Adjusted EBITDA was the highest in the Companys history Net Income¹ reached $25.9 million, or $0.12 per share, compared with net loss of $(0.13) per share in the prior year quarter
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