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Arcos Dorados Narrows Q1 Loss on Lower Revenue

05/12/2021 04:05

07:56 AM EDT, 05/12/2021 (MT Newswires) -- Arcos Dorados Holdings (ARCO) said Wednesday that it narrowed its Q1 loss to $0.14 per share from a year-ago loss of $0.26 per share. The Capital IQ estimate for the quarter was a loss of $0.03 per share.

The Uruguay-based restaurant owner reported revenue for the quarter of $561.1 million, down from year-ago revenue of $617.5 million. The street estimate was $551.8 million.

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