Why Arcos Dorados Holdings Inc. Gained 18% Last Month

Why Arcos Dorados Holdings Inc. Gained 18% Last Month

Shares of Arcos Dorados Holdings Inc. (NYSE: ARCO) jumped again last month, gaining on a strong earnings report for its franchisor and on anticipation of its own second-quarter earnings report.

Image source: McDonald's.

According to data from S&P Global Market Intelligence, the stock finished July up 18%. The chart below shows the stock's steady gains over the course of the month. 

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Source: Fool.com