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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 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.
Arcos Dorados Holdings Inc. (NYSE: ARCO) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, on April 29, 2022. This report provides detailed insights into the company's financial health and operational performance. Shareholders can access the report on the SEC’s website or through the company’s investor relations section. Arcos Dorados is the largest independent McDonald's franchisee in Latin America and the Caribbean, with over 2,250 restaurants and 90,000 employees.
Arcos Dorados Holdings Inc. (NYSE: ARCO) has announced the results of its tender offer for the outstanding 6.625% Notes due 2023. The offer was set to expire on April 22, 2022, with $59.24 million in 2023 Notes tendered. The total outstanding amount was $201.76 million. Settlement for the tender offer will occur around April 27, 2022. Holders of the validly tendered notes will receive full payment, including the total consideration of $1,053.60 per $1,000 principal amount plus accrued interest.
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Arcos Dorados Holdings Inc. (NYSE: ARCO) will hold a webcast on May 18, 2022, at 10:00 a.m. New York time to discuss its Q1 2022 results, which will be released prior to market open. CEO Marcelo Rabach and senior management will present the results, followed by a Q&A session. Investors can access the webcast via a link provided in the release and the replay will be available until August 16, 2022. Arcos Dorados operates over 2,250 McDonald’s restaurants across 20 countries in Latin America and the Caribbean.
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Arcos Dorados Holdings Inc. (NYSE: ARCO) announced a cash tender offer to purchase all its 6.625% Notes due 2023 and up to $150,000,000 of its 5.875% Notes due 2027. The 2023 Notes are set to expire on April 22, 2022, while the 2027 Notes will expire on May 13, 2022. The company’s offers are conditioned on meeting financing requirements and may undergo adjustments. The tender offers are linked to a potential offering of new senior notes by its subsidiary Arcos Dorados B.V.