- Arcos Dorados Holdings Inc ARCO reported third-quarter FY21 sales growth of 55.5% year-on-year, to $725.84 million, beating the analyst consensus of $676.95 million.
- Systemwide comparable sales grew 56.6% Y/Y and rose 16.5% on a 2-year basis.
- The operating margin was 7%, and operating income for the quarter was $50.7 million.
- Adjusted EBITDA for the quarter was $89.6 million with an adjusted EBITDA margin of 12.4%, up 220 basis points versus 3Q19.
- EPS of $0.12 beat the analyst consensus of $0.06.
- The company held $206.9 million in cash and equivalents as of September 30, 2021.
- Price Action: ARCO shares are trading higher by 7.57% at $5.26 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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