Arcos Dorados Holdings Q1 2024 GAAP EPS $0.14 Down From $0.18 YoY, Sales $1.081B Beat $1.020B Estimate
Portfolio Pulse from Benzinga Newsdesk
Arcos Dorados Holdings (NYSE:ARCO) reported Q1 2024 earnings per share (EPS) of $0.14, a 22.22% decrease from $0.18 YoY. However, the company beat sales estimates with $1.081 billion, a 9.10% increase from $990.792 million YoY.
May 15, 2024 | 11:27 am
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Arcos Dorados Holdings reported a 22.22% decrease in Q1 2024 EPS to $0.14, but sales beat estimates at $1.081 billion, a 9.10% increase YoY.
While the EPS decreased by 22.22% YoY, the company managed to beat sales estimates by 5.93% and reported a 9.10% increase in sales YoY. This mixed result may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100