Recap: Arcos Dorados Holdings Q1 Earnings - Arcos Dorados Holdings (NYSE:ARCO)

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.

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.

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.