Arcos Dorados Holdings (NYSE:ARCO) reported its Q1 earnings results on Wednesday, May 17, 2023 at 07:30 AM.
Here’s what investors need to know about the announcement.
Earnings
Arcos Dorados Holdings beat estimated earnings by 38.46%, reporting an EPS of $0.18 versus an estimate of $0.13.
Revenue was up $200.11 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 1.4% increase in the share price the next day.
Here’s a look at Arcos Dorados Holdings’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.23 | 0.11 | 0.12 | 0.06 |
| EPS Actual | 0.26 | 0.22 | 0.07 | 0.12 |
| Revenue Estimate | 990.25M | 902.19M | 812.90M | 732.29M |
| Revenue Actual | 1.01B | 921.70M | 887.89M | 790.68M |
To track all earnings releases for Arcos Dorados Holdings visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
