Arcos dorados provides an update on the impact of covid-19 to its business and reports q1 2020 comparable sales

Arcos dorados provides an update on the impact of covid-19 to its business and reports first quarter 2020 comparable sales.arcos dorados holdings inc - withdrawing long-term outlook.arcos dorados holdings inc - in addition to starting 2020 with no material debt maturities before 2023.arcos dorados holdings inc - total comparable sales excluding. venezuela for quarter ended march 31 was down 4.5%.arcos - management board, that includes executive chairman, ceo, coo, cfo & corporate vice presidents, have voluntarily deferred 50% of base salaries.arcos dorados holdings inc - is actively reducing restaurant-level operating costs, including food & paper, payroll and occupancy expenses.arcos dorados holdings inc - is minimizing its labor costs while still supporting its people.arcos dorados - in order to reduce fixed costs, co transitioned substantially all its rental agreements to variable payments tied to restaurant sales.arcos - all country-level managing directors & corporate directors have deferred 25% of their base salaries for same period and under same conditions.
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