Streetbeat News

ARCO

Arcos Dorados Holdings Inc.

https://www.arcosdorados.com

Industry

Restaurants

Arcos Dorados Holdings Inc. operates as a franchisee of McDonald's restaurants. The company has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. As of December 31, 2021, it operated or franchised 2,261 restaurants. The company was founded in 2007 and is based in Montevideo, Uruguay.

Open

8.33

Mkt cap

1.8B

Volume

281K

High

8.40

P/E Ratio

12.09

52-wk high

13.20

Low

8.27

Div yield

0.03

52-wk low

8.07

Arcos Dorados (ARCO) reported Q3 earnings and revenues that exceeded estimates, driven by strong performances in its Mobile App and Delivery services, as well as the expansion of its Loyalty Program.

Portfolio Pulse from

November 14, 2024 | 3:00 pm

Arcos Dorados (ARCO) reported Q3 earnings of $0.17 per share, surpassing the Zacks Consensus Estimate of $0.16. However, this is a decrease from $0.30 per share a year ago.

Portfolio Pulse from

November 13, 2024 | 3:00 pm

Arcos Dorados (ARCO) is expected to report its third-quarter 2024 earnings, which may be negatively impacted by high costs and weakened consumer demand.

Portfolio Pulse from

November 11, 2024 | 3:30 pm

Arcos Dorados shares are experiencing an uptick following the company's announcement to renew its master franchise agreement with McDonald's.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:30 pm

Arcos Dorados plans to renew its Master Franchise Agreement with McDonald's, which includes a 20-year renewal option starting in 2045 and a tiered royalty structure. The company also plans to open 90 to 100 restaurants in 2025.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 11:34 am

JP Morgan analyst Ian Luketic maintains an Overweight rating on Arcos Dorados Holdings (NYSE:ARCO) but lowers the price target from $14 to $12.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:50 pm

Arcos Dorados Holdings (NYSE:ARCO) reported Q2 earnings per share of $0.13, meeting analyst expectations. The company achieved quarterly sales of $1.11 billion, surpassing the $1.06 billion estimate and marking a 6.72% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:34 am

The CNN Money Fear and Greed index remains in the 'Greed' zone, indicating positive market sentiment. The S&P 500 hit a record high following the April inflation report, which showed a slight decrease in consumer price growth. Shares of Arcos Dorados Holdings Inc. (NYSE:ARCO) fell 6% after Q1 results. Investors are awaiting earnings from JD.com, Inc. (NASDAQ:JD), Walmart Inc. (NYSE:WMT), and Deere & Company (NYSE:DE).

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 6:17 am

Gold prices rose over 1% while Arcos Dorados shares fell after Q1 results. U.S. stocks traded higher with the S&P 500 gaining around 1%. Arcos Dorados reported Q1 revenues of $1.081 billion, slightly beating expectations, but missed earnings estimates. OptimizeRx, Edible Garden, and iPower saw significant stock price increases following positive quarterly results. Virpax Pharmaceuticals, Pixelworks, and Aethlon Medical experienced substantial declines due to various negative news.

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 6:33 pm

Arcos Dorados Holdings Inc. (NYSE: ARCO) shares are trading lower despite reporting a 9.1% increase in total revenues for Q1 2024, slightly beating analyst expectations. The company saw a 38.6% growth in systemwide comparable sales and an 8.4% rise in Adjusted EBITDA. However, earnings per share missed estimates, coming in at 14 cents versus the expected 17 cents. Additionally, Arcos Dorados signed a regional sponsorship agreement with Formula One in Latin America.

Portfolio Pulse from Nabaparna Bhattacharya

May 15, 2024 | 3:26 pm

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