Recap: Arcos Dorados Holdings Q1 Earnings

Arcos Dorados Holdings 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.

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