Arcos Dorados Holding Inc(NYSE:ARCO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $687.30M. Analysts estimated a revenue of $688.00M. Earnings per share were $0.21. Analysts had estimated an EPS of $-0.02.
Arcos Dorados Holding Inc (ARCO) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -1.77% at a volume of 1,60,628. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.7. The peak price level was also seen at $5.7 while the days lowest was $5.51. Finally the shares closed at $5.56. The 52-week high of the shares is $5.99 while the 52-week low is $2.16. According to the latest information available, the market cap of the company is $1,172 M.
Arcos Dorados Holdings Inc. is a McDonald’s franchisee. The Company through its wholly owned and majority owned subsidiaries operates and franchises McDonald’s restaurants in the food service industry. The Company manages its business as distinct geographic segments and its operations are divided into four geographical divisions: the Brazil; the Caribbean division consisting of Aruba Curacao Colombia French Guyana Guadeloupe Martinique Puerto Rico Trinidad and Tobago the United States Virgin Islands of Saint Croix and Saint Thomas and Venezuela; the North Latin America division (NOLAD) consisting of Costa Rica Mexico and Panama and the South Latin America division (SLAD) consisting of Argentina Chile Ecuador Peru and Uruguay. The Company operates McDonald’s-branded restaurants under two different operating formats: Company-operated restaurants and franchised restaurants. The Company operated or franchised approximately 2121 McDonald’s-branded restaurants.