Arcos Dorados falls on Q2 results miss

Arcos Dorados Holdings

17/08/2023 17:32

** Shares of Arcos Dorados Holdings Inc  ARCO.N , a
McDonald's  MCD.N  franchisee, down 4.2% at $10.15
    ** ARCO posts Q2 revenue of $1.04 bln, below analysts est.
of $1.05 bln- Refinitiv
    ** Posts Q2 basic net income per share of 13 cents, also
missing analysts' average expectations
    ** ARCO shares up 21.4% YTD


 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))