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ARCOS DORADOS HOLDINGS INC. - ARCO STOCK NEWS

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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.

News

Arcos Dorados Reports Strong Fourth Quarter and Full Year 2023 Financial Results

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Arcos Dorados Holdings, Inc. (NYSE: ARCO) reported strong financial results for the fourth quarter and full year 2023, with total revenues reaching $1.2 billion and $4.3 billion, respectively. Systemwide comparable sales grew significantly, digital channel sales contributed significantly, and the Company's net income and Adjusted EBITDA showed positive trends. The Company also declared a cash dividend for 2024.
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Arcos Dorados to Host Its 2024 Annual General Shareholders’ Meeting

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Arcos Dorados Holdings, Inc. announces the date for its Annual Shareholders' Meeting in April 2024.
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Arcos Dorados Holdings Inc. (NYSE:ARCO) Fourth Quarter 2023 Results Webcast Date and Time

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Arcos Dorados Holdings Inc. (NYSE: ARCO) will discuss its Q4 and full-year 2023 results in a webcast led by CEO Marcelo Rabach. The webcast will follow the release of financial results on March 13, 2024. Participants can join the webcast via a provided link.
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Arcos Dorados Reports Strong Comparable Sales for the Fourth Quarter 2023 and Provides Guidance for 2024

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Arcos Dorados Holdings, Inc. reported a 32.4% systemwide comparable sales growth in the fourth quarter of 2023, with total revenue growing 15.4% versus the prior year quarter. The company opened 81 restaurants in 2023 and expects to open 80 to 90 restaurants in 2024, with a pipeline composed of 90% free-standing restaurants. The total capital expenditures in 2024 are expected to be $300 million to $350 million.
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Arcos Dorados to Participate in Upcoming Investor Events

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Arcos Dorados Holdings Inc. (NYSE: ARCO) announced its participation in investor events, including Bradesco BBI Retail Days and BTG Pactual Brazil CEO Conference 2024. The events will be held in São Paulo in January and February 2024, with the Company participating on specific dates. More information is available on the Company's IR website.
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Arcos Dorados Reports Third Quarter 2023 Financial Results

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Arcos Dorados Holdings, Inc. (NYSE: ARCO) reported unaudited results for the three and nine months ended September 30, 2023. The company achieved a 37.3% year-over-year growth in systemwide comparable sales, reaching $1.1 billion in total revenues. Digital channels contributed 50% of systemwide sales, with $731.5 million. Consolidated Adjusted EBITDA was $129.1 million, and net income reached $59.7 million, or $0.28 per share. The company opened 27 restaurants in the quarter, including 25 free-standing locations.
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Arcos Dorados Holdings Inc. (NYSE: ARCO) Third Quarter 2023 Results Webcast Date and Time

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Arcos Dorados Holdings Inc. to discuss third quarter 2023 results in webcast
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McDonald's Expands Collaboration with UBQ Materials, Becoming First Restaurant Chain to Incorporate UBQ™ into Building Materials

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Arcos Dorados, the world's largest independent McDonald's franchisee, has expanded its partnership with UBQ Materials to implement building components 'Made with UBQ™' in its São Paulo-based restaurant. The new electrical conduits, connection boxes, and modular wood boards showcase sustainability initiatives and circular economy practices. Arcos Dorados aims to reduce greenhouse gas emissions by 36% in restaurants and offices and by 31% throughout the supply chain by 2030.
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Arcos Dorados to Participate in Upcoming Investor Event

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Arcos Dorados Holdings Inc. to participate in Goldman Sachs Global Retailing Conference
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Arcos Dorados Reports Second Quarter 2023 Financial Results

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Arcos Dorados Holdings, Inc. reported strong Q2 2023 results, with systemwide comparable sales growing 31.5% YoY and total revenues reaching $1.04 billion, up 17.2% in USD and 36.2% in constant currency. Consolidated Adjusted EBITDA was $110.1 million, up 20.5% in USD and 31.0% in constant currency. Net income in the quarter almost doubled the prior year result, reaching $28.4 million.
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FAQ

What is the current stock price of ARCOS DORADOS HOLDINGS (ARCO)?

The current stock price of ARCOS DORADOS HOLDINGS (ARCO) is $8.4 as of November 22, 2024.

What is the market cap of ARCOS DORADOS HOLDINGS (ARCO)?

The market cap of ARCOS DORADOS HOLDINGS (ARCO) is approximately 1.8B.

What is Arcos Dorados Holdings Inc.?

Arcos Dorados Holdings Inc. is the world's largest independent McDonald's franchisee, operating in 20 countries across Latin America and the Caribbean.

What are the main business segments of Arcos Dorados?

The company operates through two main segments: company-operated restaurants and franchised restaurants.

What recent sustainability initiatives has Arcos Dorados undertaken?

Arcos Dorados recently expanded its use of UBQ™ materials in São Paulo and adopted JANUS® technology for food packaging in Argentina.

How many restaurants does Arcos Dorados operate?

As of June 30, 2023, Arcos Dorados operates over 2,300 McDonald's restaurants.

What is the 'Recipe for the Future' ESG platform?

'Recipe for the Future' is Arcos Dorados' ESG platform aimed at promoting sustainability and positive community impact.

Which stock exchange is Arcos Dorados listed on?

Arcos Dorados is listed on the New York Stock Exchange under the symbol ARCO.

Who are Arcos Dorados' sustainability partners?

Their partners include UBQ Materials and J&J Green Paper.

What are Arcos Dorados' environmental goals?

The company aims to reduce greenhouse gas emissions by 36% in restaurants and offices and by 31% in its supply chain by 2030.

What types of products are available on the Arcos Dorados menu?

The menu includes hamburgers, McNuggets, salads, sandwiches, and french fries.

How does Arcos Dorados contribute to sustainability?

The company integrates sustainable materials into its operations and promotes responsible waste management practices.

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ARCOS DORADOS HOLDINGS INC.

NYSE:ARCO

ARCO Rankings

#2097 Ranked by Market Cap
#1066 Ranked by Dividends

ARCO Stock Data

1.76B
203.84M
3.13%
45.19%
2.15%
Restaurants
Consumer Cyclical
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United States of America
Montevideo