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Arcos Dorados Q1 Profit Declines
(RTTNews) - Arcos Dorados Holdings, Inc. (ARCO), a restaurant chain and McDonald's franchisee, reported Wednesday that net income attributable to the company for the first quarter declined to $28.51 million or $0.14 per share from $37.41 million or $0.18 per share in the prior-year quarter.
Total revenues for the quarter grew 9.1 percent to $1.08 billion from $990.79 million in the same quarter last year. However, it surged 46.8 percent in constant currency. Systemwide comparable sales grew 38.6 percent in the first quarter.
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Arcos Dorados Q2 Net Profit Declines
Arcos Dorados Holdings, Inc. (ARCO), a restaurant chain and McDonald's franchisee, reported Wednesday that net income attributable to the company for the second quarter declined to $26.63 million or $0.13 per share from $28.37 million or $0.13 per share in the prior-year quarter.
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238 days ago
China Consumer Prices Fall For Second Month
China consumer prices declined for the second consecutive month in March amid trade tariffs set to increase supply and exacerbate downward pressure on prices. Consumer prices dropped unexpectedly by 0.1 percent on a yearly basis, following the 0.7 percent fall in February, the National Bureau of Statistics reported Thursday. Prices were expected to remain flat in March.
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1h 19min ago
European Shares Likely To See Relief Rally
European stocks may open on a buoyant note Thursday after U.S. President Donald Trump announced a 90-day pause on tariffs for all countries, except China.
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1h 33min ago
Australian Market Slightly Trims Early Sharp Gains In Mid-market
The Australian market is slightly trimming its early sharp gains in mid-market moves on Thursday, reversing the sharp losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is surging 4.7 percent to above the 7,700 level, with gains across all sectors led by mining and technology stocks.
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3h 41min ago
Asian Markets Track Wall Street Strongly Higher
Asian stock markets are trading strongly higher on Thursday, following the broadly positive cues from Wall Street overnight, with sharp gains across all markets in the region after US President Donald Trump announced a 90-day pause on new "reciprocal tariffs" on most countries to allow for negotiations. However, Trump excluded China from the pause. Asian Markets closed mostly lower on Wednesday.
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3h 54min ago
Indian Markets Closed For Mahavir Jayanti
Indian markets remain closed today on the occasion of Shri Mahavir Jayanti.
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4h 31min ago
Japanese Market Sharply Higher; Up 8.7%
The Japanese market is trading sharply higher on Thursday, reversing the sharp losses in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is surging almost 9 percent to well above the 34,400 level, with gains across all sectors led by index heavyweights, exporters and technology stocks.
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5h 31min ago
Australian Market Sharply Higher: Up 5%
The Australian market is trading sharply higher on Thursday, reversing the sharp losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is surging 5 percent to well above the 7,700 level, with gains across all sectors led by mining and technology stocks.
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6h 5min ago
