BofA/Merrill Lynch Upgrades Arcos Dorados Holdings (ARCO) to Neutral
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Arcos Dorados Holdings (ARCO) Posts Q1 Loss of 3c/Share; Comps Up 9.9%
April 30, 2013 8:33 AM EDTArcos Dorados Holdings (NYSE: ARCO) reported Q1 loss of $0.03 per share, versus the analyst estimate of $0.05. Revenue for the quarter came in at $976.9 million versus the consensus estimate of $960.38 million.
Systemwide comparable sales increased by 9.9% year-over-year, primarily driven by average check growth.... More
