Arcos Dorados: Q1 Earnings Snapshot

May 18, 2022 GMT

MONTEVIDEO, Uruguay (AP) _ Arcos Dorados Holdings Inc. (ARCO) on Wednesday reported first-quarter net income of $24.5 million, after reporting a loss in the same period a year earlier.

The company said it had profit of 12 cents per share.

The restaurant owner posted revenue of $790.7 million in the period. Its adjusted revenue was $787.3 million.

Arcos Dorados shares have risen 28% since the beginning of the year. The stock has increased 20% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARCO at https://www.zacks.com/ap/ARCO