Arcos Dorados reports Q2 EPS 13c, consensus 13c

Reports Q2 revenue $1.11B, consensus $1.06B. Systemwide comparable sales grew 40.8% year-over-year. The company said, “We believe our second quarter 2024 results demonstrate our ability to perform strongly in any operating context. Sales and profitability growth through June have been consistent with our strategy, especially when you consider the tougher-than-expected macroeconomic and consumer environments we are facing this year. To manage through this period, we are focused on the factors we can control to minimize short-term volatility and maximize long-term growth.”