MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — Arcos Dorados Holdings Inc. (ARCO) on Wednesday reported fourth-quarter earnings of $54.5 million.
On a per-share basis, the company said it had net income of 26 cents.
The restaurant owner posted revenue of $1.02 billion in the period. Its adjusted revenue was $1.01 billion.
For the year, the company reported profit of $140.3 million, or 67 cents per share. Revenue was reported as $3.6 billion.
Arcos Dorados shares have declined roughly 4% since the beginning of the year. The stock has risen almost 10% in the last 12 months.
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