BofA Securities downgraded Arcos Dorados from Buy to Neutral
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| 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 |
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
6-K - Arcos Dorados Holdings Inc. (0001508478) (Filer)
Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company") today announced that its subsidiary Arcos Dorados B.V. (the "Issuer") intends to offer senior unsecured notes (the "Notes") in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes are expected to be guaranteed on a senior unsecured basis by the Company and certain of the Company's subsidiaries. The timing of pricing and terms of the Notes are subject to market conditions and other factors. The proceeds
Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company") today announced the commencement of an offer to purchase for cash any and all of its outstanding 5.875% Notes due 2027 (the "Notes") (the "Offer"). The Offer is being made upon the terms and subject to the conditions (including the Financing Condition (as defined in the Offer to Purchase)) set forth in the offer to purchase dated January 15, 2025 (the "Offer to Purchase") and the notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents"). The table below summarizes certain payment terms for the Notes: Description of Security CUSIP
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 announced that, on December 30, 2024, it renewed its Master Franchise Agreement ("MFA") with McDonald's (NYSE:MCD). The parties have finalized a new, 20-year MFA, that became effective on January 1, 2025, and replaced the previous MFA. The new MFA also includes a renewal option, at McDonald's discretion, for a new, 20-year MFA, beginning January 1, 2045. As previously announced, the new MFA includes a royalty fee of gross sales of 6.0% for the first ten years, 6.25% for the subsequent five years and 6.5% for the fi
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
Total revenues of $1.1 billion established a new high for a third quarter. Systemwide comparable sales1 grew 32.1% year-over-year, with positive average check and guest volume contributing to the result. Digital channel sales (from Mobile App, Delivery and Self-order Kiosks) rose 16% versus the prior year period and represented 58% of systemwide sales in third quarter. Loyalty Program implemented in three markets, grew to 12.9 million registered members2. Consolidated Adjusted EBITDA1 was $125.0 million, with an 11.0% margin. Net Income was $35.2 million in the quarter, or $0.17 per share. Arcos Dorados Holdings Inc. (NYSE:ARCO) ("Arcos Dorados" or the "Company"), Latin A
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
SC 13G - Arcos Dorados Holdings Inc. (0001508478) (Subject)
SC 13G - 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