Arcos Dorados (ARCO) Misses Q2 EPS by 1c
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Arcos Dorados Reports Second Quarter 2023 Financial Results
August 17, 2023 7:30 AM EDTSystemwide comparable sales¹ grew 31.5% year-over-year, with strong sales and market share performance in all divisions Total revenues reached $1.04 billion in the quarter, up 17.2% in US dollars and 36.2% in constant currency, versus the prior year period Digital channel sales (Delivery, Mobile App and Self-order Kiosks), reached $665.9 million, representing 49% of systemwide sales in the second quarter Consolidated Adjusted EBITDA¹ was $110.1 million, up 20.5% in US dollars and 31.0% in constant currency Net Income in the quarter grew to $28.4 million, or $0.13 per share, almost doubling the prior year... More
