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Arcos Dorados Holdings Inc. reports developments tied to its McDonald's-branded restaurant operations in Latin America and the Caribbean. The company is an independent McDonald's franchisee with the exclusive right to own, operate and sub-franchise restaurants across 21 countries and territories, and it manages activity through Brazil, the North Latin American Division and the South Latin American Division.
Company news centers on operating and financial results, systemwide comparable sales, currency and macroeconomic conditions in key markets, annual report filings, shareholder meeting matters and investor communications. Updates also cover capital-structure actions, including debt and sustainability-linked note disclosures, along with community and environmental initiatives associated with the company's Recipe for the Future framework.
Arcos Dorados Holdings Inc. (NYSE: ARCO), the largest restaurant chain in Latin America and the world's biggest independent McDonald's franchisee, will participate in the BTG Pactual Brasil CEO Conference 2023 in São Paulo, Brazil. This in-person event is scheduled for February 14-15, 2023. Arcos Dorados operates over 2,300 McDonald's restaurants across 20 countries in Latin America and the Caribbean, employing more than 90,000 people. The company's commitment to community development and environmental sustainability is highlighted through its Recipe for the Future initiative. For more details, visit www.arcosdorados.com/ir.
Arcos Dorados, the largest independent McDonald's franchisee, reported robust growth with 35.7% comparable sales increase in Q4 2022, leading to a revenue exceeding $1.0 billion for the first time. Adjusted EBITDA reached a new record, surpassing previous highs from Q4 2021. The company opened 66 restaurants in 2022 and plans 75-80 openings in 2023, focusing on free-standing units. Digital sales contributed 44% of total sales, indicating strong market share growth, particularly in Digital and Delivery segments. Total capital expenditures for 2023 are projected at $350 million.
Arcos Dorados Holdings Inc. (NYSE: ARCO), the largest independent McDonald's franchisee, is set to host its 2023 Investor Update Event on February 02, 2023, in São Paulo, Brazil. The event will provide analysts and institutional investors with insights into the company’s fourth quarter 2022 results and guidance for 2023 unit growth and capital expenditures. Management will also discuss their 3D’s Strategy (Digital, Delivery, Drive-thru) and long-term growth outlook. Attendance requires pre-registration by January 27, 2023, with options for both in-person and online participation.
Arcos Dorados Holdings Inc. (NYSE: ARCO), the largest independent McDonald’s franchisee, is set to host its 2023 Investor Update Event on February 2, 2023, at 9:30 a.m. in São Paulo, Brazil. The event will focus on previewing Q4 2022 results and providing guidance on unit growth and capital expenditures for 2023. Additionally, management will discuss the company's 3D’s Strategy—Digital, Delivery, and Drive-thru. Participants can attend in person or via webcast, with pre-registration required by January 27, 2023.
Arcos Dorados (NYSE: ARCO) reported strong Q3 2022 results with systemwide comparable sales growing 34.2% year-over-year, aided by increased guest traffic and a 42% contribution from digital channels, totaling $916.3 million in revenue. Consolidated Adjusted EBITDA reached $103 million, up 15% year-over-year, while net income nearly doubled to $47.7 million or $0.23 per share. The company opened 15 new units, mainly in Brazil, and improved its net debt to Adjusted EBITDA ratio to 1.0x.
Arcos Dorados Holdings (NYSE: ARCO), a leading restaurant chain in Latin America and the largest independent McDonald's franchisee globally, announced its participation in the Barclays Eat, Sleep, Play Conference. This event will occur in New York from November 29 to November 30, 2022. Arcos Dorados operates over 2,250 restaurants and employs more than 90,000 people across 20 countries in Latin America and the Caribbean. The company is dedicated to community development and environmental sustainability.
Arcos Dorados Holdings Inc. (NYSE: ARCO) will release its third quarter results for the period ending September 30, 2022, before markets open on November 16, 2022. The webcast will feature CEO Marcelo Rabach and senior management, followed by a Q&A session. Arcos Dorados is the largest independent McDonald's franchisee in Latin America and the Caribbean, operating over 2,250 restaurants and employing more than 90,000 people. Interested participants can join via a designated link and access a replay after the event.
Arcos Dorados Holdings Inc. (NYSE: ARCO), the world's largest independent McDonald’s franchisee, announced its participation in two major investor events. The Credit Suisse 16th Annual LatAm Equities Conference will occur in New York from September 7 to 9, 2022, with participation on September 7 and 8. Additionally, the HSBC Global Emerging Markets Forum 2022 will be held virtually from September 13 to 30, with Arcos Dorados attending on September 29 and 30. More details are available on its Investor Relations website.
Arcos Dorados Holdings, Inc. (NYSE: ARCO) reported robust financial results for Q2 2022, including a 47.9% increase in systemwide comparable sales year-over-year. Consolidated revenues reached $883.9 million, up 49.5% from the previous year. The company achieved a record Adjusted EBITDA of $92.4 million, nearly doubling from last year, and net income increased to $15.6 million or $0.07 per share. Digital channels accounted for 41% of total sales, reflecting strong growth across all divisions and a solid recovery in customer traffic.
Arcos Dorados Holdings Inc. (NYSE: ARCO) will host a webcast on August 10, 2022, at 10:00 a.m. ET to discuss its Q2 2022 results, releasing prior to market open. CEO Marcelo Rabach and senior management will present the findings and engage in a Q&A session. The webcast can be accessed via the company's investor relations page and will be available for replay through November 2022.
Arcos Dorados is the largest independent McDonald’s franchisee in Latin America and the Caribbean, operating over 2,250 restaurants and employing more than 90,000 people.