Arcos Dorados Holding Inc (ARCO) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.22. Analysts had a consensus of $-0.01. The company posted revenue of $687.30 million in the period, compared to analysts expectations of $664.55 million. The company’s revenue was down -9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Arcos Dorados Holding Inc closed down -0.02 points or -0.37% at $5.42 with 34,56,499 shares getting traded on Tusday. Post opening the session at $5.48, the shares hit an intraday low of $5.38 and an intraday high of $5.5 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
Arcos Dorados Holdings Inc. is a McDonald’s franchisee. The Company through its wholly owned and majority owned subsidiaries operates and franchises McDonald’s restaurants in the food service industry. The Company manages its business as distinct geographic segments and its operations are divided into four geographical divisions: the Brazil; the Caribbean division consisting of Aruba Curacao Colombia French Guyana Guadeloupe Martinique Puerto Rico Trinidad and Tobago the United States Virgin Islands of Saint Croix and Saint Thomas and Venezuela; the North Latin America division (NOLAD) consisting of Costa Rica Mexico and Panama and the South Latin America division (SLAD) consisting of Argentina Chile Ecuador Peru and Uruguay. The Company operates McDonald’s-branded restaurants under two different operating formats: Company-operated restaurants and franchised restaurants. The Company operated or franchised approximately 2121 McDonald’s-branded restaurants.