Arcos Dorados Beats Analyst Expectations in Q2 CY2024
Key Highlights
- Revenue of 1.11B, beating analyst estimates of 1.06B.
- EPS of 0.13, missing by 0.00.
- Year-over-year revenue growth of 6.76%.
Strong Performance Despite Challenges
Fast-food chain Arcos Dorados (NYSEARCO) has reported strong second quarter results, surpassing analyst expectations despite economic headwinds.
The company reported a revenue of 1.11 billion U.S. dollars, exceeding analysts' consensus of 1.06 billion. This represents a 5.6% increase from the same quarter last year.
Arcos Dorados' earnings per share (EPS) came in at 0.13 U.S. dollars, slightly below the analyst estimate of 0.13 U.S. dollars. However, this still represents a 10% growth compared to the second quarter of 2023.
The company attributed its strong performance to continued expansion, menu innovation, and efficient cost management.
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