MONTEVIDEO, Uruguay (AP) — MONTEVIDEO, Uruguay (AP) — Arcos Dorados Holdings Inc. (ARCO) on Wednesday reported fourth-quarter profit of $58.4 million.
The company said it had net income of 28 cents per share.
The restaurant owner posted revenue of $1.14 billion in the period.
For the year, the company reported profit of $148.8 million, or 71 cents per share. Revenue was reported as $4.47 billion.
Arcos Dorados shares have increased 7% since the beginning of the year. The stock has declined 32% in the last 12 months.
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