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.

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Arcos Dorados Holdings (NYSE:ARCO) reported Q4 GAAP EPS of $0.26, missing the $0.31 estimate, but sales of $1.18B exceeded the $1.15B estimate, marking a 16.04% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 11:33 am

Numerous companies are scheduled to report their earnings on March 13, 2024, covering a wide range of industries from biotech to retail. Notable mentions include Dollar Tree with expected earnings of $2.65 per share on $8.67 billion revenue, and Lennar with an estimate of $2.20 per share on $7.39 billion revenue. Several companies are anticipated to report losses, such as ZIM Integrated Shipping with a projected loss of $1.29 per share.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 10:15 am

Arcos Dorados Holdings (NYSE:ARCO) is scheduled to release its quarterly earnings report on March 13, 2024, with an estimated EPS of $0.31. Historical data shows mixed reactions to past earnings, with a notable 1.31% drop after last quarter's beat. Shares have risen 49.3% over the past year, indicating positive sentiment among long-term investors.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:00 pm

Arcos Dorados, the largest McDonald's franchisee in Latin America, reported a 32.4% increase in systemwide comparable sales for Q4. The company also saw its total revenue rise by 15.4% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:33 pm

Jefferies analyst Pedro Baptista has initiated coverage on Arcos Dorados Holdings (NYSE:ARCO) with a Buy rating and set a price target of $15.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:46 pm

In Thursday's intraday session, several consumer discretionary stocks experienced significant movements. Sonos (SONO) and Universal Technical (UTI) reported Q4 earnings, with SONO shares rising 17% and UTI shares increasing by 13%. Jowell Global (JWEL), Lulus Fashion Lounge (LVLU), XWELL (XWEL), and Arcos Dorados Holdings (ARCO) also saw gains, with JWEL's trading volume notably at 7465.2% of its average. Conversely, Volcon (VLCN), Children's Place (PLCE), Faraday Future (FFIE), Cazoo Gr (CZOO), MGO Global (MGOL), and Luminar Technologies (LAZR) stocks declined, with VLCN dropping 64.4% and PLCE's Q3 earnings report contributing to a 26.27% decrease.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:31 pm

Arcos Dorados Holdings Inc. (ARCO) stock is trading higher following the release of their third-quarter financial results, which surpassed market expectations.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 5:23 pm

Sonos, Inc. (NASDAQ:SONO) reported better-than-expected fourth-quarter results, with a smaller adjusted loss and higher sales than market estimates, leading to a 13.2% rise in its shares. Other companies such as Universal Technical Institute, Inc. (NYSE:UTI), NICE Ltd. (NASDAQ:NICE), Lavoro Limited (NASDAQ:LVRO), Gyre Therapeutics, Inc. (NASDAQ:GYRE), Ramaco Resources, Inc. (NASDAQ:METCB), Macy's, Inc. (NYSE:M), Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC), and Arcos Dorados Holdings Inc. (NYSE:ARCO) also saw their stocks move higher on Thursday after reporting strong quarterly results or earnings.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 4:05 pm

Arcos Dorados Holdings (NYSE:ARCO) reported Q3 earnings of $0.28 per share, surpassing the consensus estimate of $0.21 by 33.33% and marking a 27.27% increase from the previous year. Sales reached $1.13B, exceeding estimates of $1.11B by 1.35% and showing a 22.06% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:32 pm

A list of companies is scheduled to report their earnings on November 16, 2023, before and after the bell. The report includes projections of earnings per share and revenue for each company. Notable companies among them include Walmart, Alibaba Group Holding, Macy's, and Applied Materials.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 10:15 am

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