Arcos Dorados (ARCO) has released an update.
Arcos Dorados Holdings Inc. reported a decrease in net income to $28,509 thousand for the first quarter of 2024, down from $37,407 thousand in the same period last year, despite an increase in total revenues. Basic and diluted earnings per share also fell to $0.14, compared to $0.18 in the first quarter of 2023. The company’s comprehensive income was negatively affected by foreign currency translation losses.
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