Arcos Dorados Holdings Inc Stock Price, News & Analysis

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.

Arcos Dorados Holdings, the largest restaurant chain in Latin America, reported Q3 2020 results reflecting a significant downturn in revenues. Consolidated revenues dropped 37.7% year-over-year, owing to a 27.2% decline in systemwide comparable sales. The company recorded a net loss of $(29.6) million, or $(0.14) per share, compared to a profit of $24.4 million in Q3 2019. Despite these challenges, positive Adjusted EBITDA of $25.8 million was achieved across all divisions, indicating a recovery phase. Approximately 99% of restaurants were operational, with a notable improvement in sales trends, especially in Brazil.

Arcos Dorados Holdings, Inc. (NYSE: ARCO), the largest restaurant chain in Latin America and the top independent McDonald’s franchisee globally, has scheduled its Annual Shareholders’ Meeting for November 20, 2020, at 10:00 a.m. in Buenos Aires, Argentina. All shareholders recorded by November 9, 2020, are eligible to attend. The company operates over 2,200 restaurants across 20 countries, employing over 100,000 people as of mid-2020. Arcos Dorados is committed to community development and positive environmental impact.

Arcos Dorados (NYSE: ARCO) will hold a conference call on November 11, 2020, to discuss its third-quarter results for the period ending September 30, 2020. CEO Marcelo Rabach and senior management will lead the call, which will feature opening remarks followed by a Q&A session. Interested participants can pre-register for immediate access and bypass the live operator. The call can also be accessed online, with an archived version available two hours after the event through February 11, 2021.

Arcos Dorados Holdings Inc. (NYSE: ARCO) announced the results of its Exchange Offer for outstanding 6.625% Senior Notes due 2023, which ended on October 13, 2020. A total of US$131,476,000 of Old Notes were tendered, representing 37.77% of the outstanding amount. Those who tendered before the Early Participation Date will receive US$1,055.00 in New Notes per US$1,000.00 of Old Notes. The company expects to issue US$138,354,000 of New Notes in exchange for the validly tendered Old Notes. This exchange is available only to eligible holders.