The Latest Breaking News from Arcos Dorados Holdings Inc

The increasing odds of a recession could keep the stock market under pressure in the near term. However, investing in fast-growing stocks Arcos Dorados Holdings Inc. (ARCO) and Assertio Holdings, Inc. (ASRT), currently trading under $10, could help generate solid returns in the long run. Read on to learn more….

The restaurant industry has shown resilience with consecutive monthly increases in sales. Hence, quality restaurant stocks Good Times Restaurants (GTIM) and Arcos Dorados (ARCO) might be solid investments now. However, supply chain issues and rising food costs still concern the industry. Therefore, fundamentally weak stocks Shake Shack (SHAK) and Sweetgreen…

The prospects of higher interest rates to curb the surging inflation and the increasing odds of a recession have increased the market volatility. However, amid the current market turmoil, analysts have upgraded quality stocks Arcos Dorados Holdings (ARCO) and Republic Services (RSG). Read on to learn more.

Arcos Dorados Holdings Inc (NYSE:ARCO) reported a first-quarter FY23 sales growth of 40.6% year-on-year to $787.30 million, beating the consensus of $732.29 million. Systemwide comparable sales grew 42% Y/Y, driven primarily by higher guest volume across all divisions. The operating margin was 6.3%, and operating income for the quarter was $49.7 million. Adjusted…

Arcos Dorados Holdings Inc (NYSE:ARCO) subsidiary Arcos Dorados B.V. will offer senior unsecured notes in a private placement to qualified institutional buyers. The Notes are expected to be guaranteed on a senior unsecured basis by the company and certain of the company's subsidiaries. The Notes will include sustainability performance targets associated with the…

The restaurant industry has made a remarkable comeback with changes in its business models and the easing of COVID-19 restrictions. Although current supply chain issues, labor shortages, and rising food prices remain concerns, strong consumer demand and technological advancements should drive the industry’s growth. Therefore, we think it could be…

Arcos Dorados Holdings Inc (NYSE: ARCO) reported stronger-than-expected sales and achieved an impressive gross margin recovery in its fourth-quarter report, with “better operating leverage on leaner cost structures,” according to BofA Securities.

Arcos Dorados Holdings Inc (NYSE:ARCO) reported fourth-quarter FY21 sales growth of 28.3% year-on-year, excluding Venezuela, of $777.13 million, beating the consensus of $750.54 million. Total revenues amounted to $780.29 million. Excluding Venezuela, systemwide comparable sales grew 33.6% Y/Y and rose 24.2% on a 2-year basis. The operating margin was 10%, and operating income for…