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. (ARCO), the largest independent McDonald’s franchisee in Latin America and the Caribbean, operates a dynamic network of quick-service restaurants across 20 markets. This page serves as the definitive source for verified company updates, offering stakeholders timely access to strategic developments and operational milestones.
Track critical updates including quarterly earnings reports, sustainability initiatives like JANUS® biodegradable packaging, franchise expansions, and menu innovations tailored to regional preferences. Investors gain insights into financial performance, while industry observers monitor trends in the QSR sector’s environmental adaptation.
All content is curated to meet professional standards, featuring official press releases and third-party analysis. Bookmark this page for streamlined access to ARCO’s evolving business strategy and market leadership in Latin America’s fast-food industry.
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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