Welcome to our dedicated page for ARCOS DORADOS HOLDINGS news (Ticker: ARCO), a resource for investors and traders seeking the latest updates and insights on ARCOS DORADOS HOLDINGS stock.
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) has announced a webcast scheduled for May 12, 2021, to discuss its financial results for the first quarter ended March 31, 2021. The event will feature remarks from CEO Marcelo Rabach and senior management, followed by a Q&A session. Participants can access the webcast link through the Company's Investor Relations webpage. The replay will be available until August 11, 2021. Arcos Dorados is recognized as the largest independent McDonald's franchisee in Latin America and the Caribbean, operating over 2,200 restaurants.
Arcos Dorados (NYSE: ARCO), the largest restaurant chain in Latin America, reported its Q4 results for 2020, revealing a consolidated revenue decline of 19.5% to $605.7 million. Full-year revenues fell 32.9% to $2.0 billion due to COVID-19 impacts. The company posted a basic net income of $0.12 per share for Q4, down from $0.18 in Q4 2019, while experiencing a full-year net loss of $(0.69) per share. Adjusted EBITDA for Q4 was $58.4 million, a significant drop from previous levels, and G&A expenses fell by 19.2%. Looking forward, the company anticipates market normalization but acknowledges short-term uncertainties.
Arcos Dorados Holdings, Inc. (NYSE: ARCO), Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, has announced its Annual Shareholders’ Meeting (AGM) scheduled for April 28, 2021, at 10:00 a.m. (local time) in Bogota, Colombia. Shareholders of record as of March 26, 2021, are eligible to attend. The Company operates over 2,200 McDonald's restaurants across 20 Latin American and Caribbean countries, employing over 100,000 individuals. Arcos Dorados is committed to community development and environmental sustainability.
Arcos Dorados (NYSE: ARCO) invites participation in a webcast on March 17, 2021, to discuss its Q4 2020 results, which will be reported before market opening. CEO Marcelo Rabach and senior management will present, followed by a Q&A session. The company operates over 2,200 McDonald's restaurants across Latin America and the Caribbean, employing over 100,000 people. The webcast can be accessed via the provided link and will be available for replay until May 17, 2021.
Arcos Dorados Holdings (NYSE: ARCO) announces the introduction of sustainable serving trays made from UBQ™ material, aiming to reduce plastic waste and carbon emissions in its operations. Following a plastics reduction initiative since 2018, the company has removed over 1,300 tons of single-use plastics. Initially, 7,200 trays will be implemented in 30 Brazilian McDonald's restaurants. The partnership with UBQ Materials enables waste conversion into a biobased thermoplastic, contributing to significant greenhouse gas emission reductions. This initiative aligns with Arcos Dorados' broader environmental goals.
Arcos Dorados (NYSE: ARCO), the largest restaurant chain in Latin America and the world's largest independent McDonald's franchisee, reported its systemwide comparable sales for Q4 and FY 2020, announcing a significant recovery in sales despite pandemic challenges. For 2021, the company plans to open 40-50 new restaurants, primarily in Brazil, and maintain an effective royalty rate of 5.3% from McDonald's. The firm also foresees improved operating cash flow and profitability due to disciplined cost management and anticipated sales growth.
Arcos Dorados Holdings Inc. (NYSE: ARCO) announced its upcoming Virtual Investor Update scheduled for January 21, 2021, at 10:00 am EST. Senior management will discuss recent trends, strategic priorities, and the 2021 outlook. Interested participants can join the webcast via Arcos Dorados Investor Update. The replay will be accessible until March 21, 2021.
Arcos Dorados Holdings (NYSE: ARCO), the largest restaurant chain in Latin America and the foremost independent McDonald’s franchisee globally, will host a virtual Investor Update on January 21, 2021. The event will feature insights from senior management on recent trends and strategic priorities, marking the transition into the Full Revival phase of its operational plan. Interested participants can find connection details on the Company's investor relations webpage. Arcos Dorados operates over 2,200 restaurants across 20 countries, employing over 100,000 people as of September 30, 2020.
Arcos Dorados Holdings (NYSE: ARCO), the largest independent McDonald's franchisee globally and the biggest quick service restaurant chain in Latin America, announced its participation in multiple upcoming investor conferences. These include the Itaú Latin America Conference from November 23-25, J.P. Morgan Brazil Opportunities Conference on December 3, and the Emerging Markets Investors Alliance ESG Conference on December 10. With over 2,200 restaurants and more than 100,000 employees, Arcos Dorados emphasizes community development and environmental impact.
FAQ
What is the current stock price of ARCOS DORADOS HOLDINGS (ARCO)?
What is the market cap of ARCOS DORADOS HOLDINGS (ARCO)?
What is Arcos Dorados Holdings Inc.?
What are the main business segments of Arcos Dorados?
What recent sustainability initiatives has Arcos Dorados undertaken?
How many restaurants does Arcos Dorados operate?
What is the 'Recipe for the Future' ESG platform?
Which stock exchange is Arcos Dorados listed on?
Who are Arcos Dorados' sustainability partners?
What are Arcos Dorados' environmental goals?
What types of products are available on the Arcos Dorados menu?