Arcos Dorados' Q2 Earnings Miss Expectations with Lower EPS and Revenue

EPS Misses by 0.0001, Revenue Falls Short

Arcos Dorados Holdings Inc. (NYSE: ARCO), the largest McDonald's franchisee in Latin America, reported its second-quarter 2024 results, falling short of analysts' expectations on both earnings per share (EPS) and revenue.

Missed EPS

The company reported an EPS of 0.013, missing analysts' consensus estimate of 0.014 by 0.0001. This represents a decrease of 6.3% compared to the same quarter last year.

Lower Revenue

Revenue came in at $1.03 billion, below the expected $1.05 billion and a 2.4% decline from the previous year's second quarter.