Brief: Arcos Dorados Reports Second Quarter 2020 Financial Results

Arcos Dorados Holdings

12/08/2020 12:46

Arcos Dorados Holdings Inc  ARCO.N :
    * ARCOS DORADOS REPORTS SECOND QUARTER 2020 FINANCIAL
RESULTS
    * Q2 SAME STORE SALES FELL 51 PERCENT
    * Q2 LOSS PER SHARE $0.43 EXCLUDING ITEMS
    * Q2 LOSS PER SHARE $0.44
    * QTRLY CONSOLIDATED REVENUES WERE 59.5% LOWER IN US DOLLARS
VERSUS Q2 OF 2019
    * QTRLY REVENUE $292.5 MILLION VERSUS $723.7 MILLION
    * BY END OF JUNE, SALES AT MANY OF CO'S FREE-STANDING
RESTAURANTS
HAD RECOVERED TO MORE THAN 90% OF PRIOR YEAR'S LEVELS

Source text for Eikon:  ID:nBw4mtw5ja 
Further company coverage:  ARCO.N