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Arcos Dorados Holdings Inc. (NYSE: ARCO) is the world's largest independent McDonald's franchisee, with the exclusive rights to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories across Latin America and the Caribbean. As of June 30, 2023, Arcos Dorados operates more than 2,300 restaurants, employing over 95,000 people.
The company's core business comprises two main segments: company-operated restaurants and franchised restaurants. The diverse menu includes classic offerings such as hamburgers, McNuggets, salads, sandwiches, and french fries.
Latest News: On September 6, 2023, Arcos Dorados expanded its partnership with UBQ Materials, a climate tech developer. The collaboration has led to the use of UBQ™ in bench seating and electrical system components in its new São Paulo restaurant, highlighting Arcos Dorados' commitment to sustainability. This initiative builds on their earlier introduction of UBQ™-based serving trays in McDonald's restaurants across Brazil and the Caribbean.
In a pioneering move, Arcos Dorados has also collaborated with J&J Green Paper to adopt the biodegradable and compostable JANUS® technology for its food packaging in Argentina. This shift supports the company's broader environmental goals, including reducing greenhouse gas emissions by 36% in restaurants and offices and by 31% throughout its supply chain by 2030.
Arcos Dorados is dedicated to making a positive impact through its Recipe for the Future ESG platform, focusing on sustainability and community engagement. The company is committed to reducing its environmental footprint and promoting responsible business practices.
Financially, Arcos Dorados is listed on the New York Stock Exchange under the symbol ARCO, offering investors a unique opportunity to participate in the growth of the fast-food sector in Latin America and the Caribbean.
Arcos Dorados (NYSE: ARCO) reported strong Q3 2024 financial results with total revenues reaching $1.1 billion, setting a new third-quarter record. Systemwide comparable sales grew 32.1% year-over-year, driven by positive average check and guest volume. Digital channel sales increased 16%, representing 58% of systemwide sales. The company achieved Adjusted EBITDA of $125.0 million with an 11.0% margin and Net Income of $35.2 million ($0.17 per share). The company opened 19 Experience of the Future restaurants in Q3, maintaining a strong 1.2x Net Debt to Adjusted EBITDA ratio. Their Loyalty Program expanded to 12.9 million registered members across three markets.
Arcos Dorados Holdings Inc. (NYSE: ARCO) has announced the date and time for its Third Quarter 2024 Results Webcast. The event is scheduled for Wednesday, November 13, 2024, at 10:00 a.m. New York / 12:00 p.m. Montevideo time. The company's financial results for the quarter ending September 30, 2024, will be released before the market opens on the same day.
Chief Executive Officer Marcelo Rabach and senior management will host the webcast, which will include opening remarks followed by a question and answer session. Participants can join the webcast using a provided link, with Google Chrome recommended as the preferred browser. The link will also be available on the Events section of the company's Investor Relations webpage.
Arcos Dorados Holdings Inc. (NYSE: ARCO), Latin America's largest restaurant chain and the world's largest independent McDonald's franchisee, has exercised its option to renew its Master Franchise Agreement (MFA) with McDonald's (NYSE: MCD). The new 20-year MFA will be effective from January 1, 2025. The agreement is expected to include:
- A Renewal Option for another 20-year MFA beginning January 1, 2045
- A royalty structure of 6.0% of Gross Sales for the first ten years, 6.25% for the next five years, and 6.5% for the final five years
Both companies believe there are significant growth opportunities in Arcos Dorados' 20 countries and territories. The Company plans to open approximately 90 to 100 restaurants in 2025.
Arcos Dorados (NYSE: ARCO) reported Q2 2024 financial results, showing a revenue growth of 6.8% YoY to $1.1 billion. Systemwide comparable sales grew by 40.8%, driven by strong guest volume and digital channel sales, which accounted for 57% of total sales.
The company's Adjusted EBITDA increased by 7.9% YoY to $118.8 million, while net income reached $26.6 million, or $0.13 per share. The Loyalty Program expanded to 11.2 million members, contributing to 24% identified sales.
Brazil saw a revenue increase of 9.1% despite currency headwinds, with digital and delivery sales driving growth. In the NOLAD region, revenues increased by 11.7%, with a 7.9% rise in systemwide comparable sales. The SLAD region reported a modest revenue increase of 0.3% but faced macroeconomic challenges in Argentina.
Arcos Dorados opened 15 new Experience of the Future (EOTF) restaurants, focusing on free-standing units for enhanced customer experience. The company maintains a strong cash position of $139.4 million and a net financial debt to Adjusted EBITDA ratio of 1.2x.
Arcos Dorados Holdings Inc. (NYSE: ARCO) has announced its upcoming Second Quarter 2024 Results Webcast, scheduled for Wednesday, August 14, 2024, at 10:00 a.m. New York / 11:00 a.m. Montevideo time. The company's financial results for the quarter ending June 30, 2024, will be released before the market opens on the same day.
CEO Marcelo Rabach and senior management will host the webcast, which will include opening remarks followed by a question and answer session. Investors and interested parties can join the webcast using the provided link, with Google Chrome recommended as the preferred browser. A replay of the webcast will be available after the event concludes.
Arcos Dorados Holdings, known as Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, will participate in the Bradesco BBI 15th London Conference. The event is scheduled for June 5 and June 6, 2024, in London. Arcos Dorados will be actively involved on both days. More details are available on the company’s investor relations website.
J&J Green Paper has partnered with Arcos Dorados, the largest McDonald's franchisee, to introduce its eco-friendly JANUS® technology in Argentina.
JANUS® is an all-natural coating for food packaging that is biodegradable, compostable, recyclable, and repulpable. This innovative solution aims to replace petroleum-based polyethylene coatings, addressing the environmental and health hazards posed by single-use plastics and PFAS chemicals.
The transition to JANUS® is seamless and cost-efficient, making it an ideal choice for the fast-food industry. Rick Bulman, CEO of J&J Green Paper, emphasized its role in creating a sustainable, non-toxic ecosystem within the food and beverage sector.
Arcos Dorados (NYSE: ARCO), the largest McDonald's franchisee in Latin America and the Caribbean, reported a strong financial performance for the first quarter of 2024.
Total revenues reached $1.1 billion, marking a 9.1% increase year-over-year. Systemwide comparable sales grew by 38.6%, highlighting the company's continued guest volume growth for the twelfth consecutive quarter. Digital channels, including mobile app and kiosks, contributed to 55% of systemwide sales.
The company's loyalty program saw significant growth, with 8 million members, doubling the previous year-end total.
Consolidated Adjusted EBITDA increased by 8.4% to $108.9 million, while net income was $28.5 million, or $0.14 per share. The company also opened 22 new restaurants in Q1 2024.
Despite challenges in Argentina, Arcos Dorados maintained a solid Adjusted EBITDA margin in Brazil and North Latin America Division (NOLAD). However, the South Latin American Division (SLAD) faced difficulties due to hyperinflation in Argentina and social unrest in Ecuador.
Looking forward, Arcos Dorados plans to continue its growth strategy, focusing on digital channels and sustainable profitability.
Arcos Dorados Holdings Inc. has filed its annual report on Form 20-F for the fiscal year 2023 with the SEC. The company is the largest independent McDonald's franchisee in Latin America and the Caribbean, operating over 2,350 restaurants. Investors can access the report on the SEC website or the company's investor relations website. Arcos Dorados is committed to community development, providing job opportunities, and environmental impact.
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