Arcos Dorados Holdings Inc. operates as a franchisee of McDonald's restaurants. The company has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. As of December 31, 2020, it operated or franchised 2,236 restaurants. The company was founded in 2007 and is based in Montevideo, Uruguay.
IPO Year: 2011
Exchange: NYSE
Website: arcosdorados.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/1/2023 | $15.00 | Buy | Jefferies |
| 9/27/2022 | $9.00 | Overweight | Barclays |
| 4/4/2022 | $8.00 | Buy → Hold | HSBC Securities |
| 3/24/2022 | $7.80 → $10.00 | Neutral → Buy | BofA Securities |
| 2/23/2022 | $9.50 | Neutral → Outperform | Credit Suisse |
| 1/19/2022 | $6.00 → $7.00 | Neutral → Buy | Goldman Sachs |
| 9/20/2021 | Buy → Neutral | BofA Securities | |
| 7/2/2021 | $8.00 → $8.50 | Overweight | JP Morgan |
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SC 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G/A - Arcos Dorados Holdings Inc. (0001508478) (Subject)
Scheduled for: Wednesday, November 13, 2024 10:00 a.m. New York / 12:00 p.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the third quarter ended September 30, 2024, which will be released before the market opens on Wednesday, November 13, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados Third Quarter 2024 Results Webcast. The link will also be available on the
Scheduled for: Wednesday, August 14, 2024 10:00 a.m. New York / 11:00 a.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the second quarter ended June 30, 2024, which will be released before the market opens on Wednesday, August 14, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados Second Quarter 2024 Results Webcast. The link will also be available on the Events
Scheduled for: Wednesday, May 15, 2024 10:00 a.m. New York / 11:00 a.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the first quarter ended March 31, 2024, which will be released before the market opens on Wednesday, May 15, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados First Quarter 2024 Results Webcast. The link will also be available on the Events secti
Scheduled for: Wednesday, March 13, 2024 10:00 a.m. New York / 11:00 a.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the fourth quarter and full year ended December 31, 2023, which will be released before the market opens on Wednesday, March 13, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados Fourth Quarter 2023 Results Webcast. The link will also be availabl
Scheduled for: Thursday, November 16, 2023 10:00 a.m. New York / 12:00 p.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the third quarter ended September 30, 2023, which will be released before the market opens on Thursday, November 16, 2023. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados Third Quarter 2023 Results Webcast. The link will also be available on the Ev
Systemwide comparable sales¹ grew 47.9% year-over-year, driven primarily by higher sales volume across all divisions Digital channels (Delivery, Mobile App and Self-order Kiosks) set a new quarterly sales record, generating 41% of systemwide sales, with Delivery sales up over 23% in constant currency Consolidated Adjusted EBITDA¹ in US dollars reached a second-quarter record of $92.4 million Net Income¹ reached $15.6 million, or $0.07 per share, up from $0.03 per share in the prior year quarter 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 reporte
Systemwide comparable sales1 grew 56.6% and rose 16.5% on a 2-year basis, including positive 2-year comparable sales growth in all divisions Total Revenues1 reflected a more normalized operating environment, rising 60.1% in constant currency versus 2020 and 24.0% on a 2-year constant currency basis Drive-thru and Delivery together contributed 49% to systemwide sales1, while Digital generated 36% of total sales even with improved on-premise sales performance Consolidated Adjusted EBITDA1 reached $89.6 million, more than three times higher than the prior year and up 54.8% versus the 3Q19 in constant currency Net Income1 of $25.2 million, or $0.12 per share, compared with a $(0.14
The CNN Money Fear and Greed index showed further improvement in overall market sentiment, while the index remained in the “Greed” zone on Wednesday. U.S. stocks settled higher on Wednesday, with the S&P 500 surging to a record high level during the session. On the economic data front, U.S. consumer prices rose 0.3% month-over-month in April compared to 0.4% in the previous month, and also down from market expectations of 0.4%. Annual inflation rate in the U.S. slowed to 3.4% in April from 3.5% a month ago. U.S. retail sales came in unchanged month-over-month in April compared to a revised 0.6% increase in March. Yields on the benchmark 10-year and 2-year Treasurys moved lower follo
U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining around 1% on Wednesday. The Dow traded up 0.68% to 39,827.63 while the NASDAQ rose 1.29% to 16,723.91. The S&P 500 also rose, gaining, 1.03% to 5,300.57. Check This Out: Wall Street’s Most Accurate Analysts’ Views On 3 Materials Stocks Delivering High-Dividend Yields Leading and Lagging SectorsUtilities shares rose by 1.5% on Wednesday. In trading on Wednesday, energy shares fell by 0.8%. Top Headline Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) fell around 5% on Wednesday after reporting results for its first quarter The company reported total revenues of $1.081 billion in the first quar
Arcos Dorados Holdings Inc. (NYSE:ARCO) shares are trading lower in the morning session on Wednesday. The company reported total revenues of $1.081 billion in the first quarter, up 9.1% versus the prior year. Quarterly sales marginally beat the analyst consensus of $1.020 billion. Systemwide comparable sales grew 38.6% in the first quarter, supported by the twelfth consecutive quarter of guest volume growth. Digital channels (Mobile App, Delivery, and Self-order Kiosks) generated 55% of systemwide sales in the period, including 22% identified sales. Consolidated Adjusted EBITDA in the quarter under review was $108.9 million, rising 8.4% year-over-year. Adjusted EBITDA margin expande
Arcos Dorados Holdings (NYSE:ARCO) reported quarterly earnings of $0.14 per share. This is a 22.22 percent decrease over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $1.081 billion which beat the analyst consensus estimate of $1.020 billion by 5.93 percent. This is a 9.10 percent increase over sales of $990.792 million the same period last year.
The CNN Money Fear and Greed index showed further improvement in overall market sentiment, but the index remained in the “Neutral” zone on Tuesday. U.S. stocks settled higher on Tuesday, with the Nasdaq Composite surging to a new closing record level during the session. On the economic data front, U.S. producer prices rose 0.5% month-over-month in April compared to a revised 0.1% decline in March and higher than market expectations of 0.3%. Data on consumer prices for April will be released today. Alibaba Group Holding Limited (NYSE:BABA) reported weaker-than-expected earnings for its fiscal fourth-quarter. Home Depot Inc (NYSE:HD) reported downbeat sales for its first quarter on Tu
With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Cisco Systems, Inc. (NASDAQ:CSCO) to report quarterly earnings at 82 cents per share on revenue of $12.53 billion after the closing bell, according to data from Benzinga Pro. Cisco shares rose 0.1% to $49.00 in after-hours trading. Prestige Consumer Healthcare Inc. (NYSE:PBH) reported worse-than-expected financial results for the fourth quarter and issued weak guidance. Prestige Consumer Healthcare shares dipped 7.7% to $66.00 in the after-hours trading session. Analysts are expecting Arcos Dorados Holdings Inc. (NYSE:ARCO) to po
Arcos Dorados Holdings Inc. (NYSE:ARCO) shares are trading lower on Wednesday. The company reported fourth earnings per share of 26 cents, which missed the street view of 31 cents. Quarterly sales of 1.176 billion outpaced the analyst consensus of $1.150 billion. Sales rose 15.4% year over year. Systemwide comparable sales increased 32.4%, with higher guest traffic and average check driving at or above-inflation growth in all divisions. Consolidated adjusted EBITDA reached $132.6 million, the company’s highest quarterly result, rising 16.3% year over year. Consolidated Adjusted EBITDA margin was 11.3%, rising 10 basis points year over year. Arcos Dorados opened 36 restaura
U.S. stocks were mixed, with the Dow Jones index surging more than 100 points on Wednesday. Shares of Dollar Tree, Inc. (NASDAQ:DLTR) fell sharply during Wednesday’s session after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter EPS guidance below estimates. Dollar Tree reported fourth-quarter FY23 sales growth of 11.9% year-on-year to $8.63 billion, missing the analyst consensus estimate of $8.67 billion. Adjusted EPS of $2.55 missed the consensus estimate of $2.65, according to data from Benzinga Pro. Dollar Tree shares dipped 14.5% to $128.00 on Wednesday. Here are some other big stocks recording losses in today’s session. NaaS Tec
Scheduled for: Wednesday, November 13, 2024 10:00 a.m. New York / 12:00 p.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the third quarter ended September 30, 2024, which will be released before the market opens on Wednesday, November 13, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados Third Quarter 2024 Results Webcast. The link will also be available on the
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, notified McDonald's (NYSE:MCD) that it will exercise its option to renew its Master Franchise Agreement ("MFA") with McDonald's. As previously disclosed, Arcos Dorados received a Renewal Notice from McDonald's, on August 1, 2024, to replace the parties' existing MFA with a new, 20-year MFA, to be effective as of January 1, 2025. On September 30, 2024, and in line with the current MFA's renewal procedures, Arcos Dorados provided notice to McDonald's of its intention to exercise its Renewal Option. The parties are now
Total revenues of $1.1 billion in the quarter, up 6.8% in US dollars versus the prior year period. Systemwide comparable sales¹ grew 40.8% year-over-year, including strong guest volume growth. Digital channels (Mobile App, Delivery and Self-order Kiosks) accounted for more than 57% of systemwide sales in the period, including 24% identified sales. Loyalty Program implemented in three markets, grew to 11.2 million registered members2. Consolidated Adjusted EBITDA¹ was $118.8 million, rising 7.9% year-over-year in US dollars. Net Income was $26.6 million in the second quarter, or $0.13 per share. Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), La
Scheduled for: Wednesday, August 14, 2024 10:00 a.m. New York / 11:00 a.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the second quarter ended June 30, 2024, which will be released before the market opens on Wednesday, August 14, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados Second Quarter 2024 Results Webcast. The link will also be available on the Events
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 announced its participation in the following investor event: Bradesco BBI 15th London Conference. This in-person event will be held in London, on Wednesday, June 5, and Thursday, June 6, 2024, and the Company will participate on both days. This information is also available in the Events section of the Company's IR website: www.arcosdorados.com/ir. Follow us on: LinkedIn, Instagram, X/Twitter, YouTube About Arcos Dorados Arcos Dorados is the world's largest independent McDonald's franchisee, operati
J&J Green Paper Commends Arcos Dorados for moving towards a more sustainable future.The largest McDonald's franchise in the world that operates the brand in Argentina began to implement a change in the primary bags and wrappers of hamburgers.JANUS® is an all-natural coating that creates a barrier to grease, water and oxygen when applied to paper for food packaging, like wrap paper, boxes, cups, utensils, K-cups, and straws.The organic JANUS compound is 100% biodegradable, backyard compostable, repulpable and recyclable. JANUS replaces the current coating standard – petroleum-derived polyethylene – offering a solution to single-use plastics and PFAS chemicals, each a well-known health and en
Total revenues of $1.1 billion in the first quarter, up 9.1% versus the prior year. Systemwide comparable sales¹ grew 38.6% in the first quarter, supported by the twelfth consecutive quarter of guest volume growth. Digital channels (Mobile App, Delivery and Self-order Kiosks) generated 55% of systemwide sales in the period, including 22% identified sales. Loyalty Program reached 8 million registered members, more than double the year-end 2023 total. Consolidated Adjusted EBITDA¹ was $108.9 million, rising 8.4% year-over-year. Net Income was $28.5 million in the first quarter, or $0.14 per share. Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), L
Arcos Dorados Holdings, Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), hereby announces that on this date the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the "2023 Annual Report") with the Securities and Exchange Commission (the "SEC"). The 2023 Annual Report can be accessed by visiting either the SEC's website at www.sec.gov or the SEC Filings section of the Company's investor relations website at www.arcosdorados.com/ir. In addition, shareholders may receive a hard copy of the Company's complete audited financial statements free of charge, by requesting a copy from: Investor Relations Contact Dan Schleiniger VP of Investor Re
Scheduled for: Wednesday, May 15, 2024 10:00 a.m. New York / 11:00 a.m. Montevideo You are invited to join the senior management of Arcos Dorados Holdings Inc. (NYSE:ARCO) on a webcast to discuss the Company's results for the first quarter ended March 31, 2024, which will be released before the market opens on Wednesday, May 15, 2024. Marcelo Rabach, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question and answer period. Participants will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados First Quarter 2024 Results Webcast. The link will also be available on the Events secti
Total revenues reached $1.2 billion in the fourth quarter and $4.3 billion for the full year 2023, the Company's strongest US dollar results for both periods Systemwide comparable sales1 grew 32.4% in the fourth quarter and 34.6% in the full year 2023, up 1.1x and 1.3x blended inflation, respectively Digital channel sales (Mobile App, Delivery and Self-order Kiosks) contributed 53% of the fourth quarter's systemwide sales, including 21% identified sales Consolidated Adjusted EBITDA1 in the fourth quarter and full year were $132.6 million and $472.3 million, respectively, also the Company's strongest US dollar results for each period Net Income in the fourth quarter was $55.8 mi
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
SD - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
20-F - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
Jefferies initiated coverage of Arcos Dorados with a rating of Buy and set a new price target of $15.00
Barclays initiated coverage of Arcos Dorados with a rating of Overweight and set a new price target of $9.00
HSBC Securities downgraded Arcos Dorados from Buy to Hold and set a new price target of $8.00
BofA Securities upgraded Arcos Dorados from Neutral to Buy and set a new price target of $10.00 from $7.80 previously
Credit Suisse upgraded Arcos Dorados Holdings from Neutral to Outperform and set a new price target of $9.50
Goldman Sachs upgraded Arcos Dorados Holdings from Neutral to Buy and set a new price target of $7.00 from $6.00 previously
BofA Securities downgraded Arcos Dorados from Buy to Neutral
JP Morgan resumed coverage of Arcos Dorados with a rating of Overweight and set a new price target of $8.50 from $8.00 previously
Goldman initiated coverage of Arcos Dorados with a rating of Neutral and set a new price target of $5.60
Bradesco downgraded Arcos Dorados Holdings from Outperform to Neutral
Total revenues of $1.1 billion in the quarter, up 6.8% in US dollars versus the prior year period. Systemwide comparable sales¹ grew 40.8% year-over-year, including strong guest volume growth. Digital channels (Mobile App, Delivery and Self-order Kiosks) accounted for more than 57% of systemwide sales in the period, including 24% identified sales. Loyalty Program implemented in three markets, grew to 11.2 million registered members2. Consolidated Adjusted EBITDA¹ was $118.8 million, rising 7.9% year-over-year in US dollars. Net Income was $26.6 million in the second quarter, or $0.13 per share. Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), La
Total revenues reached $1.2 billion in the fourth quarter and $4.3 billion for the full year 2023, the Company's strongest US dollar results for both periods Systemwide comparable sales1 grew 32.4% in the fourth quarter and 34.6% in the full year 2023, up 1.1x and 1.3x blended inflation, respectively Digital channel sales (Mobile App, Delivery and Self-order Kiosks) contributed 53% of the fourth quarter's systemwide sales, including 21% identified sales Consolidated Adjusted EBITDA1 in the fourth quarter and full year were $132.6 million and $472.3 million, respectively, also the Company's strongest US dollar results for each period Net Income in the fourth quarter was $55.8 mi
Systemwide comparable sales¹ grew 37.3% year-over-year, supported by strong sales volume across all divisions Total revenues reached $1.1 billion in the quarter, up 22.1% in US dollars and 42.9% in constant currency, versus the prior year period Digital channel sales (Delivery, Mobile App and Self-order Kiosks) contributed 50% of systemwide sales, reaching $731.5 million Consolidated Adjusted EBITDA¹ was $129.1 million, up 25.8% in US dollars and 43.9% in constant currency Net Income reached $59.7 million, or $0.28 per share, up from $0.22 per share in the prior year quarter Arcos Dorados Holdings, Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), Latin America's largest
Systemwide comparable sales¹ grew 31.5% year-over-year, with strong sales and market share performance in all divisions Total revenues reached $1.04 billion in the quarter, up 17.2% in US dollars and 36.2% in constant currency, versus the prior year period Digital channel sales (Delivery, Mobile App and Self-order Kiosks), reached $665.9 million, representing 49% of systemwide sales in the second quarter Consolidated Adjusted EBITDA¹ was $110.1 million, up 20.5% in US dollars and 31.0% in constant currency Net Income in the quarter grew to $28.4 million, or $0.13 per share, almost doubling the prior year result Arcos Dorados Holdings, Inc. (NYSE:ARCO) ("Arcos Dorados" or the
Systemwide comparable sales¹ grew 37.6% year-over-year, supported by higher guest volume across all divisions Total revenue totaled $990.8 million in the first quarter, rising 25.3% year-over-year Digital channels (Delivery, Mobile App and Self-order Kiosks) continued to drive topline performance, representing about 47% of systemwide sales in the first quarter Consolidated Adjusted EBITDA¹ in US dollars was $100.5 million, up 28.0% versus the prior year Net Income was $37.4 million in the quarter, or $0.18 per share, compared to $0.12 per share in the prior year quarter Arcos Dorados Holdings, Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), Latin America's largest resta
Systemwide comparable sales¹ grew 34.2% year-over-year, boosted by higher guest traffic and market share gains across the region Digital channels (Delivery, Mobile App and Self-order Kiosks) contributed 42% of systemwide sales¹ and set a new Digital sales record in US dollars, with strong growth in all channels Consolidated Adj. EBITDA¹ of $103.0 million, up 15.0% in US dollars and 27% in constant currency Net Income¹ reached $47.7 million, or $0.23 per share, almost double the prior year result 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 reporte
Systemwide comparable sales¹ grew 42.0% year-over-year, driven primarily by higher guest volume across all divisions Digital channels (Delivery, Mobile App and Self-order Kiosks) generated 38% of systemwide sales in the quarter, with record Delivery, Self-order Kiosk and Order Ahead sales Consolidated Adjusted EBITDA¹ in US dollars reached a first-quarter record of $79.6 million, and trailing twelve month Adjusted EBITDA was the highest in the Company's history Net Income¹ reached $25.9 million, or $0.12 per share, compared with net loss of $(0.13) per share in the prior year quarter Arcos Dorados Holdings, Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), Latin America's larges
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 announced a dividend for 2022. On March 15, 2022, the Board of Directors approved a dividend for 2022. As such, the Company will pay $0.15 per share to all Class A and Class B shareholders of the Company in four quarterly installments, as follows: $0.04 per share on March 31, 2022, $0.04 per share on June 30, 2022, $0.04 per share on September 30, 2022, and $0.03 per share on December 30, 2022. The payments will be made to shareholders of record as of March 28, 2022, June 27, 2022, September 26, 2022, and Dece
Systemwide comparable sales1 grew 98.7% versus the prior year and were nearly flat on a 2-year basis, as operating conditions improved throughout the quarter Total revenues1 rebounded strongly in constant currency, rising 104.5% versus 2020 and 4.2% on a 2-year basis The three D's added strong Drive-thru and record Delivery sales, up 29% and 94% in constant currency, respectively, with Digital generating 39% of total sales1 Consolidated1 Adjusted EBITDA reached $48.3 million, up 12.6% in constant currency on a 2-year basis Net Income of $5.3 million, or $0.03 per share, rebounded strongly from a $(0.42) per share loss in the prior year quarter. Net Debt to Adjusted EBITDA de
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 announced that it will distribute a stock dividend for 2021. Maintaining its commitment to provide shareholders a return in 2021, on June 30 the Board of Directors approved a stock dividend distribution to all Class A and Class B shareholders. On July 23, 2021, the Company will distribute a dividend of one (1) share for every seventy (70) shares held by its shareholders of record at the close of business on July 14, 2021. The Company will pay cash in lieu of any fractional shares and will use the Class A share