Arcos Dorados Reports Strong First Quarter Financial Results

MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Arcos Dorados Holdings, Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, today reported unaudited results for the three months ended March 31, 2023. First Quarter 2023 Highlights Systemwide comparable sales¹ increased 37.6%, with strong sales growth in all divisions. Consolidated revenues reached $990.8 million, growing 25.3% in US dollars, or 43.9% in c