Quick service restaurant (QSR) chain Arcos Dorados Holdings Inc. (ARCO) is the world’s largest independent McDonald’s franchisee operating in Latin America and the Caribbean. The Montevideo, Uruguay-based company operates almost 2,300 restaurants.
Despite the uncertain macroeconomic environment, ARCO’s EPS and revenue came higher than analyst estimates in the third quarter. Its EPS beat the consensus estimate by 103.1%, while its revenue came 2.7% higher than analyst estimates.
