Arcos Dorados Overcomes Stiff Foreign Currency Headwinds in the Third Quarter
Given that its operations are confined chiefly to Latin America, home to some of the most inflationary economies in the world, Arcos Dorados Holdings' (NYSE: ARCO) third-quarter revenue increase of nearly 4% can be interpreted as impressive. Investors certainly lauded the progress, as shares of the world's largest McDonald's franchisee were trading up by more than 5% on Wednesday following its pre-market earnings release. As we dive into Arcos' report, note that all comparative numbers refer to those of the prior-year quarter.
Data source: Arcos Dorados Holdings. EPS = earnings per share.
Image source: Getty Images.
Source Fool.com
