Arcos Dorados hits over nine-year high on Q3 earnings beat

Arcos Dorados Holdings

16/11/2023 16:56

** Shares of McDonald's franchisee Arcos Dorados Holdings
Inc  ARCO.N  up 9% at $11.4 - hitting over 9-year high
    ** Co posts higher Q3 2023 adj. earnings of 28 cents per
share vs 23 cents per share a year earlier
    ** Q3 revenue $1.13 bln vs $0.92 bln in Q3 2022
    ** Co eyes best day since May 26, 2020
    ** Stock up 36.2% YTD

 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))