Brief: Arcos Dorados Holdings Reports Q1 Loss Per Share $0.26

Arcos Dorados Holdings

13/05/2020 12:43

May 13 (Reuters) - Arcos Dorados Holdings Inc  ARCO.N :
    * ARCOS DORADOS REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS
    * Q1 LOSS PER SHARE $0.26
    * Q1 LOSS PER SHARE $0.25 EXCLUDING ITEMS
    * COMPANY WITHDREW ITS 2020 TO 2022 OUTLOOK FOR RESTAURANT
OPENINGS AND CAPITAL EXPENDITURES
    * QTRLY CONSOLIDATED REVENUES WERE 15.4% LOWER IN US DOLLARS
VERSUS Q1 OF 2019
    * DO EXPECT OUR Q2 2020 RESULTS TO BE MATERIALLY WORSE THAN
OUR Q1
RESULTS
    * SYSTEMWIDE COMPARABLE SALES FOR Q1 WERE DOWN 4.5% VERSUS
PRIOR
YEAR
    * QTRLY REVENUE $617.5 MILLION VERSUS $731.0 MILLION

Source text for Eikon:  ID:nBw37Mn8ja 
Further company coverage:  ARCO.N 

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