Arcos Dorados Holdings Inc. (ARCO), the world’s largest independent McDonald’s Corporation (MCD) franchisee, experienced a notable share price increase in recent months to trade above the respective 50-day and 200-day averages of $7.85 and $7.74, respectively.
The company is expanding with gross restaurant openings, reaching 66 new units in 2022, including 59 free-standing units, with 40 gross openings in Brazil. Despite macroeconomic pressures, ARCO also achieved an impressive milestone in the fourth quarter of 2022, with quarterly total revenue surpassing the $1.0 billion mark for the first time in its history. Ahead of its first-quarter earnings report next week, pertinent financial trends are worth considering.
