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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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TSX Settles Roughly Flat
The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.
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Euro Climbs Against Most Majors
The euro firmed against its most major counterparts in the New York session on Friday.
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Swiss Market Ends Slightly Down
After languishing in negative territory till a little before the final hour of the day's trading session, the Switzerland market managed to emerge into positive zone on Friday but failed to hold firm and eventually settled with a marginal loss.
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European Stocks Close Weak As Tariff Concerns Weigh On Sentiment
European stocks closed lower on Friday amid concerns about U.S. tariffs, and on some disappointing regional economic data.
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TSX Up Marginally After Posting New Record High
The Canadian market is up marginally a little past noon on Friday with investors largely making cautious moves on weak private sector activity report, and amid uncertainty about Trump administration's tariff moves.
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German Factory Orders Log Bigger-Than-Expected Fall
Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
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Bay Street Headed For Weak Start
Canadian shares are likely to open on a negative note Friday morning, tracking weak European stocks and lower crude oil prices. Concerns about tariffs may weigh down on sentiment. Trading volumes are likely to remain thin as the U.S. market is closed for Independence Day holiday.
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