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Arcos Dorados: Q2 Earnings Insights

Benzinga Insights
·1 min read

Shares of Arcos Dorados Holdings (NYSE:ARCO) rose 5% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 980.00% year over year to ($0.44), which missed the estimate of ($0.37).

Revenue of $292,524,000 decreased by 59.58% from the same period last year, which beat the estimate of $248,330,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Aug 12, 2020

View more earnings on ARCO

Time: 10:00 AM

ET Webcast URL: https://dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=10146371

Price Action

Company's 52-week high was at $8.41

Company's 52-week low was at $2.96

Price action over last quarter: Up 55.75%

Company Description

Arcos Dorados Holdings Inc operates McDonald's-branded restaurants in approximately 20 countries and territories in Latin America and the Caribbean. It functions through two sources which include company-operated restaurants and franchised restaurants segment. Their menu includes hamburgers, McNuggets, salad , sandwiches, french fries and others.

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