Arcos Dorados (ARCO) Reports in Line Q2 Earnings, Stock Down [Yahoo! Finance]
Arcos Dorados Holdings Inc. Class A Shares (ARCO)
Last arcos dorados holdings inc. class a shares earnings: 3/18 08:00 am
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US:NYSE Investor Relations:
arcosdorados.com/ir.html
Company Research
Source: Yahoo! Finance
ARCO reported second-quarter 2024 results, wherein earnings came in line with the Zacks Consensus Estimate while revenues surpassed the same. The top line beat the estimate for the fourth straight quarter. The company's shares declined 4.7% on Aug 15 following the results. Delving Deeper ARCO reported adjusted earnings per share (EPS) of 13 cents in the second quarter. The metric remained flat year over year. It reported quarterly revenues of $1,110.9 million, beating the consensus mark of $1,056 million. Moreover, the top line increased 6.8% on a year-over-year basis. The revenue increase can be attributed to a rise in guest traffic, which has continued to boost comparable sales. Despite consumers becoming more cautious with their discretionary spending, McDonald's has successfully positioned itself as the region's preferred quick-service restaurant brand. This success is driven by the company's effective omnichannel strategy, strong value offerings and operational excellence.
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News
- Are Options Traders Betting on a Big Move in Arcos Dorados (ARCO) Stock? [Yahoo! Finance]Yahoo! Finance
- Arcos Dorados Holdings Inc. (NYSE: ARCO) had its price target lowered by analysts at JPMorgan Chase & Co. from $14.00 to $12.00. They now have an "overweight" rating on the stock.MarketBeat
- Is Arcos Dorados Holdings Inc. (NYSE:ARCO) Worth US$8.3 Based On Its Intrinsic Value? [Yahoo! Finance]Yahoo! Finance
- Q2 Earnings Recap: Arcos Dorados (NYSE:ARCO) Tops Traditional Fast Food Stocks [Yahoo! Finance]Yahoo! Finance
- New Strong Sell Stocks for September 5th [Yahoo! Finance]Yahoo! Finance
ARCO
Earnings
- 8/14/24 - In-Line
ARCO
Analyst Actions
- 9/13/24 - JP Morgan
ARCO
Sec Filings
- 8/30/24 - Form 144
- 8/14/24 - Form 6-K
- 8/14/24 - Form 6-K
- ARCO's page on the SEC website