Arcos Dorados Q2 Earnings Miss Estimates, Revenue Misses

EPS Falls Short, Revenue Below Forecasts

Arcos Dorados Holdings Inc. (ARCO) reported its second-quarter 2024 earnings before the market opened on Wednesday, August 14, 2024, at 10:00 a.m. ET. The company's earnings per share (EPS) came in at $0.13, missing analysts' estimates by $0.00. Revenue for the quarter was $1.00 billion, also falling short of estimates.

Earnings Growth Projections

Despite the earnings miss, Arcos Dorados is projecting growth in the coming year. The company expects its earnings to increase by 16.05%, from $0.81 per share in the previous year to $0.94 per share.

Performance Highlights

The company's key performance indicators for the quarter include:

• Total net income of $266 million, or $0.13 per share
• Revenue down 0.01% year-over-year
• Gas, snacks, and McCafe categories performing well despite inflationary pressures
• Volume increases in Mexico primarily driving positive results