Arcos Dorados reports first-quarter earnings matching estimates, driven by 16% growth in systemwide comparable sales.
Arcos Dorados Holdings Inc. reported first-quarter GAAP earnings per share of $0.17 and revenue of $1.21 billion, aligning with market expectations. The revenue increase of 12% year-over-year reflects strong demand across its markets.
Systemwide comparable sales rose 16% in the quarter, supporting the company’s market share gains. Prior-year revenue stood at $1.08 billion, with adjusted EBITDA also improving amid operational efficiencies.
The results underscore steady performance in Latin America’s quick-service restaurant sector, though no immediate market reaction was disclosed.