Arcos Dorados Holdings (ARCO) has released an update.
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Arcos Dorados Holdings, the largest independent McDonald’s franchisee, reported a rise in total revenues to $3.33 billion for the first nine months of 2024, up from $3.16 billion in the previous year. Despite increased revenues, net income fell to $90.36 million, reflecting higher operating costs and expenses. Investors may find it noteworthy that earnings per share decreased from $0.60 to $0.43 during the same period.
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