Arcos Dorados Q3 Earnings and Revenues Surpass Estimates

Zacks11-14

Arcos Dorados Holdings Inc. ARCO reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line fell...

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The top line increased year over year, while the bottom line fell...</p>\n\n<a href=\"https://finance.yahoo.com/news/arcos-dorados-q3-earnings-revenues-133700007.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Arcos Dorados Q3 Earnings and Revenues Surpass Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArcos Dorados Q3 Earnings and Revenues Surpass Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 21:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/arcos-dorados-q3-earnings-revenues-133700007.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Arcos Dorados Holdings Inc. ARCO reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line fell...</p>\n\n<a href=\"https://finance.yahoo.com/news/arcos-dorados-q3-earnings-revenues-133700007.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARCO","symbol_name":"Arcos Dorados Holdings","start_time":0,"source_url":"https://finance.yahoo.com/news/arcos-dorados-q3-earnings-revenues-133700007.html","article_id":"2483388679","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/C4t.jgK_.DbPd8zYiHwmcg--~B/aD00NTE7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/3136c22cf05e163ab2bb94a2755707e9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483388679","pubTimestamp":1731591420,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Arcos Dorados Holdings Inc. ARCO reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line fell from the prior-year quarter’s figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.During the third quarter, the company reported adjusted earnings per share  of 17 cents, beating the Zacks Consensus Estimate of 16 cents. The bottom line fell 39.3% year over year from 28 cents reported in the year-ago quarter.During the quarter, the company reported revenues of $1.13 billion, beating the consensus mark of $1.09 billion. The top line increased 0.8% on a year-over-year basis.Arcos Dorados Holdings Inc. Price, Consensus and EPS Surprise. Digital channel sales during the quarter rose 16% year over year and represented 58% of systemwide sales. The growth was driven by strong performances in the Mobile App and Delivery services, along with continued expansion of the L","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ARCO":"Arcos Dorados Holdings","SHAK":"Shake Shack Inc","CMG":"墨式烧烤"},"translate_title":"Arcos Dorados第三季度盈利和收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARCO":1,"CMG":0.9,"SHAK":0.9},"content_text":"Arcos Dorados Holdings Inc. ARCO reported third-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line fell from the prior-year quarter’s figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nARCO’s Q3 Earnings & Revenue Discussion\nDuring the third quarter, the company reported adjusted earnings per share (EPS) of 17 cents, beating the Zacks Consensus Estimate of 16 cents. The bottom line fell 39.3% year over year from 28 cents reported in the year-ago quarter.During the quarter, the company reported revenues of $1.13 billion, beating the consensus mark of $1.09 billion. The top line increased 0.8% on a year-over-year basis.\n\nArcos Dorados Holdings Inc. Price, Consensus and EPS Surprise\n\nArcos Dorados Holdings Inc. price-consensus-eps-surprise-chart | Arcos Dorados Holdings Inc. Quote\n\nDigital channel sales during the quarter rose 16% year over year and represented 58% of systemwide sales. The growth was driven by strong performances in the Mobile App and Delivery services, along with continued expansion of the Loyalty Program.During the third quarter, comparable restaurant sales increased 32.1% year over year, courtesy of strong guest volume growth.\nOperating Highlights\nDuring the third quarter, operating income amounted to $79.8 million compared with $91.1 million reported in the prior-year quarter.During the quarter, food and paper costs came in at $381.2 million compared with $376 million reported in the prior-year quarter. General and administrative expenses in the first quarter came in at $68.1 million compared with $67.8 million in the prior-year period.Adjusted EBITDA in the third quarter came in at $125 million compared with $129.1 million reported in the prior-year quarter.\nARCO’s Balance Sheet\nTotal cash and cash equivalents as of Sept. 30, 2024, totaled $115.9 million compared with $196.7 million on Dec. 31, 2023.Net debt (total financial debt minus total cash and cash equivalents) as of Sept. 30, 2024, was $598.3 million, up from $481.3 million at 2023 end.\nStore Developments\nDuring the third quarter, the company opened 19 Experience of the Future (EOTF) restaurants, all free-standing units. The Brazil division opened 11 EOTF restaurants.\nARCO’s Zacks Rank\nArcos Dorados currently has a Zacks Rank #4 (Sell).\nYou can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.\nRecent Retail-Wholesale Releases\nChipotle Mexican Grill, Inc. CMG reported mixed third-quarter 2024 results, with earnings beating the Zacks Consensus Estimate for the seventh consecutive quarter but revenues missing the same after beating in the preceding four quarters.CMG reported adjusted EPS of 27 cents, outpacing the Zacks Consensus Estimate of 25 cents. The bottom line increased 17.4% from 23 cents reported in the year-ago quarter. Quarterly revenues of $2,793.6 million missed the consensus mark of $2,817 million. However, the top line rose 13% on a year-over-year basis. This upside was driven by strong comparable restaurant sales growth, backed by higher transactions of 3.3% as well as a 2.7% rise in average checks.Shake Shack Inc. SHAK posted third-quarter fiscal 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate. Both top and bottom lines also increased on a year-over-year basis. The company ramped up its investment in marketing strategies and programs aimed at increasing guest engagement and brand awareness, even amid a challenging market environment. These efforts have paid off, as the company has achieved some of the highest brand awareness levels on record, which, in turn, is fueling robust sales and profitability growth.SHAK’s fiscal third-quarter adjusted EPS came in at 25 cents, which beat the Zacks Consensus Estimate of 20 cents. In the prior-year quarter, the company reported adjusted EPS of 17 cents. Quarterly revenues of $316.9 million beat the consensus mark of $315 million. The top line increased 14.7% on a year-over-year basis.BJ's Restaurants, Inc. BJRI reported third-quarter fiscal 2024 results, with earnings missing the Zacks Consensus Estimate and revenues beating the same. Both top and bottom lines increased on a year-over-year basis.The company reported an adjusted loss per share of 13 cents, missing the Zacks Consensus Estimate of 3 cents. In the year-ago quarter, it recorded an adjusted loss per share of 16 cents. Total revenues of $325.7 million beat the consensus mark by 0.04%. The top line inched up 2.2% year over year. This upside was backed by strong guest traffic and Pizookie Meal Deal performance.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nBJ's Restaurants, Inc. (BJRI) : Free Stock Analysis Report\nChipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report\nArcos Dorados Holdings Inc. (ARCO) : Free Stock Analysis Report\nShake Shack, Inc. (SHAK) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483388679"}