Arcos Dorados Holdings Q4 GAAP EPS $0.26 Misses $0.31 Estimate, Sales $1.18B Beat $1.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arcos Dorados Holdings (NYSE:ARCO) reported Q4 GAAP EPS of $0.26, missing the $0.31 estimate, but sales of $1.18B exceeded the $1.15B estimate, marking a 16.04% increase from last year.
March 13, 2024 | 11:33 am
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Arcos Dorados Holdings reported a mixed Q4 with EPS missing estimates but sales exceeding expectations and showing significant year-over-year growth.
The miss in EPS might concern some investors, potentially putting downward pressure on the stock. However, the beat on sales and significant year-over-year growth could offset concerns and signal underlying strength in the company's operations. The mixed results create uncertainty, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100