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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 (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.
Arcos Dorados Holdings Inc. (NYSE: ARCO), the largest restaurant chain in Latin America and the world's leading independent McDonald's franchisee, announced its participation in key investor events in June 2022.
These include the BofA Securities 2022 Emerging Markets Debt and Equity Conference in Miami Beach on June 1-2, the Bradesco BBI 13th London Conference on June 8-9, and a JPMorgan virtual call on June 22. The company, which operates over 2,250 restaurants across Latin America and the Caribbean, remains committed to community development and environmental initiatives.
Arcos Dorados (NYSE: ARCO) reported a 42% year-over-year increase in systemwide comparable sales for Q1 2022, supported by heightened guest volume across all divisions. Digital channels contributed 38% of total sales. Consolidated revenues reached $787.3 million, up 40.6%, with a record Adjusted EBITDA of $79.6 million. The company posted a net income of $25.9 million or $0.12 per share, reversing a loss of $(0.13) per share in Q1 2021. Strong operating leverage and improved margin performance underscored the company's financial strength.
Arcos Dorados Holdings Inc. (NYSE: ARCO) plans to redeem $123 million of its 6.625% senior notes due 2023. The redemption will be conducted in compliance with the indenture terms, with a price reflecting either 100% of the principal or the present value of remaining payments plus accrued interest. The anticipated redemption date is June 10, 2022. This action does not constitute an offer to sell any securities. 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.
Arcos Dorados Holdings Inc. (NYSE: ARCO) announced early results for its tender offer to purchase up to U.S. $150,000,000 of its 5.875% Notes due 2027. As of the April 29, 2022, early tender date, U.S. $230,292,000, or 42.97%, of the outstanding Notes were validly tendered. The tender offer will expire on May 13, 2022. The purchase of validly tendered Notes will be subject to proration based on a maximum purchase amount. Holders who tendered Notes by the early date will receive Total Consideration, including an Early Tender Premium.