Shares of Arcos Dorados Holdings Inc. (ARCO), that operates as a franchisee of McDonald's restaurants, are falling more than 6% Thursday morning after reporting second-quarter results below consensus estimates.
Net income for the second quarter increased to $28.37 million or $0.13 per share from $14.48 million or $0.07 per share in the same quarter a year ago, but missed the average estimate of analysts polled by Thomson-Reuters of $0.14 per share.
Revenue for the quarter grew to $1.040 billion from $887.9 million last year. The consensus estimate was for $1.05 billion.
ARCO is at $9.94 currently. It has traded in the range of $6.64 - $11.47 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.