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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) 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.
Arcos Dorados Holdings, Inc. (NYSE: ARCO) announced restated quarterly financials for 2019-2021 due to a divisional reorganization effective October 1, 2021. The restructuring aims to improve operational efficiency, creating three divisions: Brazil, North Latin America (NOLAD), and South Latin America (SLAD). In 2021, total revenues reached $2.66 billion, with NOLAD and SLAD showing significant growth in comparable sales, particularly SLAD, which recorded growth of 117.1% overall. Operating income for 2021 was $139.5 million, reflecting a recovery in performance across divisions.
Arcos Dorados Holdings, Inc. (NYSE: ARCO), Latin America's largest restaurant chain, announced a $0.15 per share dividend for 2022. This will be distributed in four quarterly installments: $0.04 on March 31, June 30, and September 30, and $0.03 on December 30, 2022. Shareholders of record will receive payments on March 28, June 27, September 26, and December 26, 2022. As of December 31, 2021, Arcos Dorados operated over 2,250 restaurants across 20 countries, employing over 90,000 people.
Arcos Dorados Holdings, Inc. (NYSE: ARCO) reported robust fourth quarter and full-year results for 2021. Systemwide comparable sales grew by 33.6% year-over-year, with revenue reaching $777.1 million, up 28.3% from 2020. Consolidated Adjusted EBITDA hit a record $112.4 million, nearly doubled from the previous year. Net income also saw a significant rise, at $47.2 million, or $0.22 per share, compared to $0.11 in Q4 2020. The Board declared a $0.15 annual dividend. The company anticipates opening at least 200 new restaurants over the next three years.
Arcos Dorados Holdings, Inc. (NYSE: ARCO), the largest restaurant chain in Latin America and the world's largest independent McDonald's franchisee, announced its Annual Shareholders’ Meeting (AGM) scheduled for April 29, 2022, in Mexico City at 10:00 a.m. local time. Shareholders of record as of March 28, 2022, will be eligible to attend. The company operates over 2,250 McDonald's restaurants across 20 countries in Latin America and the Caribbean, employing more than 90,000 people, focusing on community development and sustainable practices.