Arcos Dorados (ARCO) Tops Q4 EPS by 3c
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Arcos Dorados Reports Record Fourth Quarter and Full Year 2022 Financial Results
March 15, 2023 7:30 AM EDTTotal revenue¹ reached $1.0 billion for the first time in a single quarter and $3.6 billion for the full year 2022 Digital sales (Delivery, Self-order Kiosks and Mobile App) represented 44% of systemwide sales in the fourth quarter and 41% of systemwide sales in 2022 Consolidated Adjusted EBITDA¹ in US dollars reached new quarterly and full year records of $115.1 million and $390.1 million, respectively Net Income¹ in the fourth quarter was $55.7 million, or $0.26 per share, and $144.8 million for the full year, or... More
