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Arcos Dorados Holdings Inc. (ARCO) shares are trading lower after first-quarter results

Benzinga
Summary
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Arcos Dorados Holdings is the master franchise of the fast food restaurant chain McDonald’s in 20 countries and territories across Latin America and the Caribbean .

Arcos reported earnings per share of 7 cents , missing the Street view of 13 cents .

Digital sales rose 6.3% in the period, helped by close to 19 million monthly average users of the mobile app.