Arcos Dorados Holdings Inc (ARCO)

Arcos Dorados Shares Rise After Earnings Beat Despite Revenue Miss (ARCO)May 20, 2026 9:58 AM
IH Market News Arcos Dorados Holdings Inc. (NYSE:ARCO) reported first-quarter results on Wednesday that exceeded earnings expectations, although revenue came in slightly below Wall Street forecasts.Shares of the Latin American McDonald’s franchise operator rose 4.09% in pre-market trading following the announcement. Earnings Top Expectations as Sales Grow The company posted adjusted earnings per share of $0.17, beating the analyst consensus estimate of $0.13 by $0.04.Revenue totaled $1.2 billion, missing expectations of $1.23 billion, but still representing year-over-year growth of 12.9%.Systemwide comparable sales increased 16.0% during the quarter, supported by positive guest traffic trends in the SLAD and NOLAD divisions, along with higher average customer spending in Brazil and SLAD markets. Record First-Quarter EBITDA Performance Consolidated adjusted EBITDA reached $118.0 million, rising 29.3% from the prior year and marking the strongest first-quarter adjusted EBITDA result in the company’s history.Adjusted EBITDA margin expanded by 120 basis points to 9.7%.The margin improvement was primarily driven by lower food and paper costs as a percentage of revenue, which improved by roughly 60 basis points year over year, led by strong operational performance in Brazil.“We are pursuing strategies that capitalize on the Brand to monetize the significant market share advantage we hold in the region,” said Luis Raganato, Chief Executive Officer. “Marketing campaigns focused on offering value platforms that appeal to lower income consumers and core menu items that drive Brand love as well as licenses and partnerships that keep McDonald’s culturally relevant.” Profitability and Expansion Continue Net income totaled $36.1 million, or $0.17 per share, compared with earnings of $0.07 per share during the same period last year.Net income margin increased by 170 basis points year over year to 3.0%.During the quarter, Arcos Dorados opened 19 new restaurants, expanding its regional footprint to 2,536 locations across Latin America and the Caribbean. Digital and Loyalty Platforms Show Strong Growth Sales generated through digital channels increased approximately 21% and accounted for 64% of total systemwide sales during the quarter.The company also reported continued growth in its loyalty program, which reached 30.4 million registered members.Arcos Dorados Holdings stock price Original: Arcos Dorados Shares Rise After Earnings Beat Despite Revenue Miss (ARCO)

Arcos Dorados Reports First Quarter 2026 Financial ResultsMay 20, 2026 7:15 AM
Business Wire Total revenue reached $1.2 billion in the first quarter, up 12.9% in US dollars versus the prior year. Systemwide comparable sales rose 16.0% in the first quarter of 2026, supporting strong market share performance across the business. Consolidated Adjusted EBITDA1 in the first quarter was $118.0 million, up 29.3% versus the prior year period and the Company’s highest result for a first quarter. Consolidated Adjusted EBITDA margin expanded 120 basis points year-over-year to 9.7%. Consolidated Food & Paper costs as a percentage of revenue improved by about 60 basis points versus the prior year, led by a strong improvement in Brazil. Net Income was $36.1 million in the quarter, or $0.17 per share, up from $0.07 per share last year. Consolidated Net Income margin expanded 170 basis points year-over-year to 3.0%. Adjusted Free Cash Flow1 over the last twelve months reached $109.2 million, a significant improvement from $(3.1) million in the prior comparable period. The Company opened 19 restaurants across the region in the quarter. Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America and the Caribbean’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, today reported unaudited results for the three months ended March 31, 2026. Message from Luis Raganato, Chief Executive Officer Arcos Dorados has consistently added to its leading market share position and strengthened the McDonald’s Brand across our operating footprint over the last several years. In fact, taking 2019 as the base, through the end of 2025: total revenue grew almost 60%, Adjusted EBITDA nearly doubled and net income was up more than 2.5x, in US dollars. Our objective for the coming years is to build on this incredible foundation and continue to capitalize on the significant competitive advantages we built over the period. With that context, 2026 is off to a good start. First quarter 2026 highlights included $1.2 billion in total revenue, the Company’s highest level for a first quarter, which was supported by 16% systemwide comparable sales growth. Increased guest volume in NOLAD and SLAD added to higher average checks in Brazil and SLAD to drive growth in the period. Similar to total revenue, we generated our highest Adjusted EBITDA for a first quarter, reaching $118 million thanks to strong topline growth and very solid margin expansion, especially in Brazil and SLAD. We are pursuing strategies that capitalize on the Brand to monetize the significant market share advantage we hold in the region. Marketing campaigns focused on offering value platforms that appeal to lower income consumers and core menu items that drive Brand love as well as licenses and partnerships that keep McDonald’s culturally relevant. The Brand experience continued to expand beyond our restaurants, bolstered by the region’s most extensive digital platform and Loyalty Program. During the quarter, we added 19 new restaurants to our footprint and are already seeing opening costs per unit coming down thanks to more efficient capital deployment. Finally, 75% of our restaurants now offer guests the most modern experience available in the region’s quick service restaurant industry. 1 For definitions, please refer to pages 7 and 8 of this document.   AD Holdings Inc. – Consolidated Key Financial Results Figure 1.
(In millions of U.S. dollars, except as noted) 1Q25
(a)
Currency Translation
(b) Constant
Currency
Growth (c) 1Q26
(a+b+c) % As
Reported % Constant
Currency Total Restaurants (Units) 2,439 2,536   Sales by Company-operated Restaurants 1,027.5 (67.3) 200.2 1,160.4 12.9% 19.5% Revenues from franchised Restaurants 49.1 (3.7) 10.2 55.5 13.2% 20.8% Total Revenues 1,076.6 (71.0) 210.4 1,216.0 12.9% 19.5% Systemwide Comparable Sales 16.0% Adjusted EBITDA 91.3 (4.3) 31.0 118.0 29.3% 34.0% Adjusted EBITDA Margin 8.5% 9.7% 1.2 p.p. Net income attributable to AD 13.9 5.9 16.3 36.1 159.4% 117.1% Net income attributable to AD Margin 1.3% 3.0% 1.7 p.p. No. of shares outstanding (thousands) 210,663 210,663 EPS (US$/Share) 0.07 0.17   Arcos Dorados’ total revenues reached $1.2 billion, up 12.9% in US dollars versus the prior year quarter. The Company’s systemwide comparable sales rose 16.0% in the quarter, underpinned by positive guest traffic trends in SLAD and NOLAD, together with average check growth in Brazil and SLAD. Digital channel sales rose about 21% in the period and represented 64% of the first quarter’s systemwide sales. Performance remained notably strong in Self-order kiosk, Delivery and Loyalty sales versus the prior year. Self-order kiosk sales growth was helped by the increasingly modernized restaurant base. Delivery sales were helped by new partnerships in Brazil and expanding penetration in NOLAD and SLAD, where a growing number of consumers are discovering the convenience and value of the service. The Company’s Loyalty Program is available in all main markets and grew to 30.4 million registered members as of the end of the quarter. Enrollment and engagement has grown consistently since the Program’s launch, leading to more personalized marketing capabilities and a notable increase in both usage and frequency among members. Marketing campaigns during the quarter spanned core menu, affordability, and partnerships. In Brazil, for example, initiatives included the introduction of Best Burger, limited time offers through Economéqui and the first promotions associated with the FIFA World Cup. In NOLAD, Mexico continued to leverage affordability platforms and localized menu offerings while Panama and Costa Rica captured early results from initiatives designed to rebalance average check and guest traffic growth in those markets. Menu innovation was a key growth driver in SLAD, with food news across the beef, chicken and dessert categories. All divisions benefited from popular licenses such as Friends and Super Mario Galaxy, appealing to both kids and adults. Finally, the Brand’s cultural relevance was reinforced in Brazil, Argentina, Chile, and Colombia through music, a key consumer passion point, at the local Lollapalooza and Estéreo Picnic festivals. Consolidated Adjusted EBITDA margin was 9.7%, up 120 basis points versus the prior year period, driven by lower Food & Paper costs and G&A expenses as a percentage of revenue as well as gains from restaurant transactions in NOLAD and SLAD. Food & Paper contributed 60 basis points to the consolidated margin gain, led by a significant improvement in Brazil as well as better results in SLAD. Net income margin attributable to the Company was 3.0%, or 170 basis points higher versus the first quarter of 2025. The year-over-year improvement was driven by a higher Adjusted EBITDA margin, along with favorable impacts on net interest expenses and other financing results, gain from derivative instruments and foreign currency exchange results. These positive effects more than offset higher income tax expense and depreciation. Arcos Dorados recorded earnings of $0.17 per share in the first quarter of 2026 compared to $0.07 per share in the prior year period. Total weighted average shares were 210,663,057 in both periods. Notable Items Included in Adjusted EBITDA: The result in the first quarter of 2026 included $5.8 million related to restaurant transactions with sub-franchisees in NOLAD and SLAD. Excluded from Adjusted EBITDA: The result in the first quarter of 2026 excludes $1.7 million related to the reorganization and optimization plan, which was implemented in the fourth quarter of 2025 and finalized in the first quarter of 2026. New Unit Development: Total and by Format1           Figure 2. Mar. 31,
2026 Dec. 31,
2025 Sep. 30,
2025 Jun. 30,
2025 Mar. 31,
2025 Brazil 1,241 1,230 1,202 1,191 1,179 NOLAD 670 669 666 658 657 SLAD 625 621 611 608 603 TOTAL 2,536 2,520 2,479 2,457 2,439 1end of period, including company operated and franchised restaurants Figure 3. As of
Mar.31, 2026 Store Format* Total Restaurants Ownership McCafes Dessert Centers FS IS MS & FC Company Operated Franchised Brazil 684 90 467 1,241 769 472 214 2,019 NOLAD 427 48 195 670 536 134 20 524 SLAD 286 124 215 625 518 107 248 740 TOTAL 1,397 262 877 2,536 1,823 713 482 3,283 * FS: Freestanding; IS: In-Store; MS: Mall Store; FC: Food Court. Arcos Dorados opened 19 restaurants in the first quarter of 2026, including 13 freestanding units. As of the end of March 2026, 75% of its systemwide restaurant portfolio offers the most modernized restaurant experience in the Latin American and Caribbean QSR industry.   Consolidated Debt and Financial Ratios Figure 4.
(In thousands of U.S. dollars, except ratios) March 31, December 31, 2026 2025 Total Cash & cash equivalents (i) 266,165 422,347 Total Financial Debt (ii) 975,106 1,101,739 Net Financial Debt (iii) 708,941 679,392 LTM Adjusted EBITDA 601,939 575,209 Total Financial Debt / LTM Adjusted EBITDA ratio 1.6 1.9 Net Financial Debt / LTM Adjusted EBITDA ratio 1.2 1.2 LTM Net income attributable to AD 234,327 212,116 Total Financial Debt / LTM Net income attributable to AD ratio 4.2 5.2 Net Financial Debt / LTM Net income attributable to AD ratio 3.0 3.2   (i) Total cash & cash equivalents includes short-term investment (ii)Total financial debt includes long-term debt, accrued interest payable and derivative instruments (including the asset portion of derivatives amounting to $70.4 million and $78.7 million as a reduction of financial debt as of March 31, 2026 and December 31, 2025, respectively). (iii) Net financial debt equals total financial debt less total cash & cash equivalents. In March, the Company completed the liability management transaction it began implementing during the fourth quarter of 2025. The resulting net leverage ratio at the end of the first quarter of 2026 was unchanged compared with year-end 2025. Adjusted Free Cash Flow For the last twelve months ended March 31, 2026, the Company generated Adjusted Free Cash Flow of $109.2 million, compared to $(3.1) million in the prior comparable period. Recent Developments 2026 Annual General Shareholders Meeting The Company held its Annual General Shareholders’ Meeting in Montevideo, Uruguay on April 10, 2026. At the meeting, all the proposals were approved by the required majority of shareholders. 2029 Senior Notes – the Sustainability-Linked Bond The Company achieved its Sustainability Performance Targets related to greenhouse gas (GHG) emissions as defined in the Framework of its 2029 Senior Notes. Based on its audited 2025 metrics, Arcos Dorados reduced its absolute Scope 1 and Scope 2 GHG emissions by 26.5% versus the 2021 baseline (Sustainability Performance Target 1: 15% reduction). Additionally, the Company reduced the intensity of its Scope 3 GHG emissions by 16.1% versus the 2021 baseline (Sustainability Performance Target 2: 10% reduction). 2025 Social Impact and Sustainable Development Report In the coming weeks, Arcos Dorados will publish its 2025 Social Impact and Sustainable Development Report. The report will include information audited by EY and will provide an update on the progress related to initiatives and the implementation of the six pillars of the Company’s “Recipe for the Future” platform, as well as detailed information and key initiatives supporting the results of the Sustainability-Linked Bond target achievement. The full report will be available for download at www.recipeforthefuture.com. 2026 Arcos Dorados Investor Day The Company is planning to hold an Investor Day on the morning of October 1, 2026, in New York City. More information on registration and in-person participation in the event will be made available in the coming weeks. First Quarter 2026 Earnings Webcast A webcast to discuss the information contained in this press release will be held today, May 20, 2026, at 10:00 a.m. ET. In order to access the webcast, members of the investment community should follow this link: Arcos Dorados First Quarter 2026 Earnings Webcast. A replay of the webcast will be available later today in the investor section of the Company’s website: https://ir.arcosdorados.com/. Definitions In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), management analyzes business trends using a variety of performance, financial and liquidity measures, which are considered non-GAAP. This press release and the accompanying tables use the following non-GAAP measures: Adjusted EBITDA, Adjusted net cash provided by operating activities, Adjusted Free Cash Flow, Constant Currency basis, Systemwide sales, and Systemwide comparable sales growth. Adjusted EBITDA: Management uses Adjusted EBITDA to facilitate operating performance comparisons from period to period. Adjusted EBITDA is defined as the Company’s operating income plus depreciation and amortization plus/minus the following losses/gains: gains from sale or insurance recovery of property and equipment, write-offs of long-lived assets, impairment of long-lived assets, and reorganization and optimization plan expenses. Management believes Adjusted EBITDA facilitates company-to-company operating performance comparisons by backing out potential differences caused by variations such as capital structures (affecting net interest expense and other financing results), taxation (affecting income tax expense) and the age and book depreciation of facilities and equipment (affecting relative depreciation expense), which may vary for different companies for reasons unrelated to operating performance. Figure 5 of this earnings release includes a reconciliation of Adjusted EBITDA to Net income attributable to Arcos Dorados. For more information, please see the Adjusted EBITDA reconciliation in Note 8 – Segment and geographic information – of our financial statements filed today with the Securities and Exchange Commission (the “SEC”) on Form 6-K. Adjusted net cash provided by operating activities and Adjusted Free Cash Flow: Management uses Adjusted net cash provided by operating activities and Adjusted Free Cash Flow as supplemental measure to facilitate the analysis of the Company’s cash generation performance and liquidity from period to period. Adjusted net cash provided by operating activities is defined as net cash provided by (used in) operating activities plus interest paid less interest collected. Adjusted Free Cash Flow is defined as Adjusted net cash provided by operating activities less property and equipment expenditures, and purchases of restaurant businesses paid at acquisition date plus proceeds from sales of property and equipment, restaurant businesses and related advances. Management believes Adjusted net cash provided by operating activities and Adjusted Free Cash Flow provide useful information to investors, when considered together with GAAP measures, in evaluating the Company’s ability to generate cash to fund capital expenditures and financing activities. Management evaluates these measures prior to investing and financing decisions. Adjusted net cash provided by operating activities and Adjusted Free Cash Flow are non-GAAP financial measures and should not be considered as an alternative to net cash provided by operating activities or any other measure of financial performance or liquidity prepared in accordance with GAAP. These non-GAAP financial measures are not defined in the same manner by all companies and may not be comparable to similarly titled measures used by other companies. A reconciliation of Adjusted Free Cash Flow to net cash provided by operating activities is included in Figure 11 of this earnings release. Constant Currency basis: refers to amounts calculated using the same exchange rate over the periods under comparison to remove the effects of currency fluctuations from this trend analysis. To better discern underlying business trends, this release uses non-GAAP financial measures that segregate year-over-year growth into two categories: Currency translation reflects the impact on growth of the appreciation or depreciation of the local currencies in which the Company conducts its business against the US dollar (the currency in which the Company’s financial statements are prepared). Constant currency growth reflects the underlying growth of the business excluding the effect from currency translation. The Company also calculates variations as a percentage in constant currency, which are also considered to be non-GAAP measures, to provide a more meaningful analysis of its business by identifying the underlying business trends, without distortion from the effect of foreign currency fluctuations. Systemwide sales: Systemwide sales represent measures for both Company-operated and sub-franchised restaurants. While sales by sub-franchisees are not recorded as revenues by the Company, management believes the information is important in understanding its financial performance because these sales are the basis on which it calculates and records sub-franchised restaurant revenues and are indicative of the financial health of its sub-franchisee base. Systemwide comparable sales growth: this non-GAAP measure, refers to the change, on a constant currency basis, in Company-operated and sub-franchised restaurant sales in one period from a comparable period for restaurants that have been open for thirteen months or longer (year-over-year basis) including those temporarily closed. Management believes it is a key performance indicator used within the retail industry and is indicative of the success of the Company’s initiatives as well as local economic, competitive and consumer trends. Sales by sub-franchisees are not recorded as revenues by the Company. About Arcos Dorados Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 21 Latin American and Caribbean countries and territories with more than 2,500 restaurants, operated by the Company or by its sub-franchisees, that together employ more than 100 thousand people (as of 03/31/2026). The Company is also committed to the development of the communities in which it operates, to providing young people their first formal job opportunities and to utilize its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/. Cautionary Statement on Forward-Looking Statements This press release contains forward-looking statements. The forward-looking statements contained herein include statements about the Company’s business prospects, its ability to attract customers, its expectation for revenue generation and its outlook and guidance for 2026. These statements are subject to the general risks inherent in Arcos Dorados' business. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Arcos Dorados' business and operations involve numerous risks and uncertainties, many of which are beyond the control of Arcos Dorados, which could result in Arcos Dorados' expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of Arcos Dorados. Additional information relating to the uncertainties affecting Arcos Dorados' business is contained in its filings with the Securities and Exchange Commission. The forward-looking statements are made only as of the date hereof, and Arcos Dorados does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. Certain trademarks and characters referenced herein are the property of their respective owners and are used under license.   First Quarter 2026 Consolidated Results Figure 5.
(In thousands of U.S. dollars, except per share data) For Three-Months ended March 31, 2026 2025 REVENUES Sales by Company-operated restaurants 1,160,416 1,027,531 Revenues from franchised restaurants 55,547 49,061 Total Revenues 1,215,963 1,076,592 OPERATING COSTS AND EXPENSES Company-operated restaurant expenses: Food and paper (406,999) (366,612) Payroll and employee benefits (226,349) (197,749) Occupancy and other operating expenses (353,877) (308,065) Royalty fees (70,855) (63,411) Franchised restaurants - occupancy expenses (24,257) (21,044) General and administrative expenses (76,749) (73,325) Other operating income (expense), net 5,887 (1,239) Total operating costs and expenses (1,153,199) (1,031,445) Operating income 62,764 45,147 Net interest expense and other financing results (14,258) (16,592) Gain from derivative instruments 4,369 110 Foreign currency exchange results 7,187 (1,961) Other non-operating expenses, net (16) (122) Income before income taxes 60,046 26,582 Income tax expense, net (23,815) (12,505) Net income 36,231 14,077 Net income attributable to non-controlling interests (90) (147) Net income attributable to Arcos Dorados Holdings Inc. 36,141 13,930 Net income attributable to Arcos Dorados Holdings Inc. Margin as % of total revenues 3.0% 1.3% Earnings per share information ($ per share): Basic net income per common share $ 0.17 $ 0.07 Weighted-average number of common shares outstanding-Basic 210,663,057 210,663,057 Adjusted EBITDA Reconciliation Net income attributable to Arcos Dorados Holdings Inc. 36,141 13,930 Net income attributable to non-controlling interests 90 147 Income tax expense, net 23,815 12,505 Other non-operating expenses, net 16 122 Foreign currency exchange results (7,187) 1,961 Gain from derivative instruments (4,369) (110) Net interest expense and other financing results 14,258 16,592 Depreciation and amortization 54,261 46,295 Operating charges excluded from EBITDA computation 984 (163) Adjusted EBITDA 118,009 91,279 Adjusted EBITDA Margin as % of total revenues 9.7% 8.5%   First Quarter 2026 Results by Division and Average Exchange Rates per Quarter Figure 6.
(In thousands of U.S. dollars)   For Three-Months ended as Constant March 31, reported Currency 2026 2025 Incr/(Decr)% Incr/(Decr)% Revenues Brazil 471,495 400,302 17.8% 5.8% NOLAD 322,553 281,700 14.5% 6.2% SLAD 421,915 394,590 6.9% 43.0% TOTAL 1,215,963 1,076,592 12.9% 19.5%   Operating Income (loss) Brazil 38,310 32,978 16.2% 4.3% NOLAD 15,160 12,859 17.9% 10.5% SLAD 34,097 25,069 36.0% 86.8% Corporate and Other (24,803) (25,759) 3.7% -8.2% TOTAL 62,764 45,147 39.0% 49.6%   Adjusted EBITDA Brazil 59,944 49,569 20.9% 8.6% NOLAD 31,702 26,240 20.8% 12.1% SLAD 49,403 39,060 26.5% 65.6% Corporate and Other (23,040) (23,590) 2.3% -8.5% TOTAL 118,009 91,279 29.3% 34.0% Figure 7.   Systemwide Comparable Sales Growth For Three-Months ended March 31, 2026 2025 Brazil 0.5% 2.9% NOLAD 1.6% -1.6% SLAD 47.7% 38.7% TOTAL 16.0% 11.1%   Figure 8.   Period average
Local currency per US$ Brazil Mexico Argentina 1Q26 5.26 17.57 1,418 1Q25 5.86 20.43 1,055   Summarized Consolidated Balance Sheet Figure 9.
(In thousands of U.S. dollars) March 31, December 31, 2026 2025 ASSETS Current assets Cash and cash equivalents 255,630 373,438 Short-term investments 10,535 48,909 Accounts and notes receivable, net 159,676 164,482 Other current assets (1) 256,688 254,764 Derivative instruments 11,544 10,365 Total current assets 694,073 851,958 Non-current assets Property and equipment, net 1,322,688 1,308,732 Net intangible assets and goodwill 158,649 148,950 Deferred income taxes 114,077 104,250 Derivative instruments 58,829 68,339 Equity method investments 15,913 16,033 Leases right of use asset 1,185,573 1,133,551 Other non-current assets (2) 268,915 254,031 Total non-current assets 3,124,644 3,033,886 Total assets 3,818,717 3,885,844 LIABILITIES AND EQUITY Current liabilities Accounts payable 327,587 356,606 Taxes payable (3) 123,717 143,922 Accrued payroll and other liabilities 204,399 145,460 Royalties payable to McDonald’s Corporation 30,120 34,099 Provision for contingencies 1,457 1,455 Interest payable 14,566 18,915 Financial debt (4) 53,134 21,442 Operating lease liabilities 109,475 106,836 Total current liabilities 864,455 828,735 Non-current liabilities Accrued payroll and other liabilities 95,307 91,801 Provision for contingencies 55,521 49,399 Financial debt (5) 977,779 1,140,086 Deferred income taxes 2,888 2,757 Operating lease liabilities 1,045,624 1,000,927 Total non-current liabilities 2,177,119 2,284,970 Total liabilities 3,041,574 3,113,705 Equity Class A shares of common stock 389,967 389,967 Class B shares of common stock 132,915 132,915 Additional paid-in capital 8,659 8,659 Retained earnings 803,101 825,946 Accumulated other comprehensive loss (539,845) (567,630) Common stock in treasury (19,367) (19,367) Total Arcos Dorados Holdings Inc shareholders’ equity 775,430 770,490 Non-controlling interest in subsidiaries 1,713 1,649 Total equity 777,143 772,139 Total liabilities and equity 3,818,717 3,885,844   (1) Includes "Other receivables", "Inventories" and "Prepaid expenses and other current assets". (2) Includes "Miscellaneous" and "Collateral deposits". (3) Includes "Income taxes payable" and "Other taxes payable". (4) Includes "Short-term debt”, “Current portion of long-term debt" and "Derivative instruments”. (5) Includes "Long-term debt, excluding current portion" and "Derivative instruments".   Condensed Consolidated Statements of Cash Flows Figure 10.
(In thousands of U.S. dollars) For Three-Months ended March 31, 2026 2025 Operating activities Net income attributable to Arcos Dorados Holdings Inc. 36,141 13,930 Adjustments to reconcile net income attributable to Arcos Dorados Holdings Inc. to cash provided by operating activities: Non-cash charges and credits: Depreciation and amortization 54,261 46,295 Gain on restaurant transactions (5,830) — Foreign currency exchange results 320 5,536 Gain from derivative instruments (4,369) (110) Others, net 4,394 (9,787) Changes in assets and liabilities (66,791) (69,300) Net cash provided by (used in) operating activities 18,126 (13,436) Investing activities Property and equipment expenditures (36,829) (48,810) Purchases of restaurant businesses paid at acquisition date (3,500) — Proceeds from sales of property and equipment, restaurant businesses and related advances 2,418 68 Proceeds from short-term investments 39,899 — Acquisition of short and long term investments (1,380) (86,700) Other investing activity (362) (254) Net cash provided by (used in) investing activities 246 (135,696) Financing activities Issuance of 2032 Senior Notes — 597,498 Cash Tender of 2029 and 2027 Senior Notes (139,240) (136,145) Payment of short-term debt — (34,493) Payments for debt issue costs — (6,158) Dividend payments to Arcos Dorados Holdings Inc.’s shareholders — (12,640) Short and long term borrowings — 11,303 Proceeds related to sales of restaurant businesses 3,271 — Other financing activities (1,146) (690) Net cash (used in) provided by financing activities (137,115) 418,675 Effect of exchange rate changes on cash and cash equivalents 935 (1) (Decrease) increase in cash and cash equivalents (117,808) 269,542 Cash and cash equivalents at the beginning of the year 373,438 135,064 Cash and cash equivalents at the end of the period 255,630 404,606 Adjusted free cash flow Figure 11.
(In thousands of U.S. dollars) LTM ended Mar 31, 2026 2025 Net cash provided by operating activities 327,906 262,799 Interest paid 76,452 55,358 Interest collected (20,182) (11,072) Adjusted net cash provided by operating activities 384,176 307,085 Property and equipment expenditures (269,369) (315,232) Purchases of restaurant business paid at acquisition date (10,557) (1,060) Proceeds from sales of property and equipment, restaurant businesses and related advances 4,919 6,091 Adjusted free cash flow 109,169 (3,116)   View source version on businesswire.com: https://www.businesswire.com/news/home/20260520704665/en/ Investor Relations Contact
Dan Schleiniger
VP of Investor Relations
Arcos Dorados
daniel.schleiniger@mcd.com.uy Media Contact
David Grinberg
VP of Corporate Communications
Arcos Dorados
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YouTube Original: Arcos Dorados Reports First Quarter 2026 Financial Results

Arcos Dorados Holdings Inc. Announces the Filing of Its Annual Report on Form 20-F for Fiscal Year 2025April 30, 2026 4:50 PM
Business Wire
Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), hereby announces that on this date the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 (the “2025 Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”). The 2025 Annual Report can be accessed by visiting either the SEC’s website at www.sec.gov or the SEC Filings section of the Company’s investor relations website at ir.arcosdorados.com. In addition, shareholders may receive a hard copy of the Company’s complete audited financial statements free of charge, by requesting a copy from the Investor Relations and Media Contacts below.


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About Arcos Dorados


Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and sub-franchise McDonald’s restaurants in 21 Latin American and Caribbean countries and territories. Arcos Dorados and its sub-franchisees together operate more than 2,500 restaurants and have more than 100,000 employees (as of 12/31/2025). The Company is committed to the development of the communities in which it operates by providing young people their first formal job opportunities and utilizing its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260429963437/en/
Investor Relations Contact

Dan Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@mcd.com.uy


Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy


Original: Arcos Dorados Holdings Inc. Announces the Filing of Its Annual Report on Form 20-F for Fiscal Year 2025

Arcos Dorados Reports Fourth Quarter and Full Year 2025 Financial ResultsMarch 19, 2026 7:30 AM
Business Wire

Total revenue reached $1.3 billion in the fourth quarter and $4.7 billion for the full year 2025, up 10.7% and 4.7% in US dollars versus the prior year period, respectively.



Systemwide comparable sales rose 16.0% in the fourth quarter and 13.0% for the full year 2025, in line with blended inflation for both periods.



Consolidated Adjusted EBITDA1 in the fourth quarter and full year were $172.7 million and $575.2 million, respectively, the Company’s highest US dollar result for a full year.



Net Income was $25.2 million in the fourth quarter and $212.1 million for the full year.



Results included a net tax benefit in Brazil of $33.8 million in the fourth quarter and $159.0 million for the full year, which is expected to convert to cash over the next five years.



Capital expenditures for the full year reached $281.4 million, including $140.6 million related to 102 restaurant openings, exceeding openings guidance on lower capital expenditures.



The Board of Directors declared a cash dividend of $0.28 per share for 2026.



Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America and the Caribbean’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, today reported unaudited results for the three months, and audited results for the twelve months, ended December 31, 2025.


Message from Luis Raganato, Chief Executive Officer


Among our competitive strengths are a strong brand, a resilient business model, and a culture built around operational excellence to support long-term shareholder value creation. These strengths delivered some of the Company’s best financial results last year, while protecting or expanding our industry-leading market share and maintaining a strong bond with the communities we serve.


Full year systemwide comparable sales grew in line with the Company’s blended inflation in 2025, driven mainly by the strength of the South Latin American Division as well as Mexico. Profitability in 2025 reached a new high, with $575.2 million in Adjusted EBITDA and US dollar growth in all three divisions.


Digital sales, generated through the Mobile App, Delivery and Self-order Kiosks, accounted for 61% of systemwide sales in 2025. Additionally, as of the end of 2025, our Loyalty Program was available in more than 90% of our restaurants and had more than 27 million registered members.


For the full year, we opened 102 restaurants across the region, just above our guidance range for the year and 17 more than we opened in 2024. We did this with lower total capital expenditures versus the prior year, which contributed to a significant increase in our net cash from operations minus capital expenditures versus 2024. We are committed to finding additional efficiencies in our growth investments over the next few years.


The McDonald’s brand is stronger than ever in Latin America and the Caribbean, serving more than 4 million guests every day in more than 2,500 restaurants, across 21 countries and territories. We entered 2026 with a focus on increasing the efficiency of the business and monetizing the significant market share gains of the last several years. Looking ahead, we believe we can continue to leverage this strong foundation to support a new phase of profitable growth for Arcos Dorados and all its stakeholders.




1 For definitions, please refer to page 7 of this document.








AD Holdings Inc. – Consolidated Key Financial Results


Figure 1.
(In millions of U.S. dollars, except as noted)









4Q24
(a)
Currency Translation
(b)

Constant
Currency
Growth
(c)
4Q25
(a+b+c)
% As
Reported
%
Constant
Currency


Total Restaurants (Units)

2,428








2,520















 


Sales by Company-operated Restaurants

1,091.2






(85.8)






201.8






1,207.2






10.6%






18.5%







Revenues from franchised restaurants

53.1






(4.1)






10.5






59.4






11.9%






19.7%







Total Revenues

1,144.2






(89.9)






212.2






1,266.5






10.7%






18.5%







Systemwide Comparable Sales






16.0%







Adjusted EBITDA

147.4






8.7






16.6






172.7






17.2%






11.2%







Adjusted EBITDA Margin

12.9%








13.6%






0.8 p.p.








Net income attributable to AD

58.4






21.6






(54.9)






25.2






-56.9%






-94.0%







Net income attributable to AD Margin

5.1%








2.0%






-3.1 p.p.








No. of shares outstanding (thousands)

210,663








210,663









EPS (US$/Share)

0.28








0.12















 


Arcos Dorados’ total revenues reached $1.3 billion, up 10.7% in US dollars versus the prior year quarter. The Company’s systemwide comparable sales rose 16.0% in the quarter, which was in-line with its blended inflation rate. Brazil’s systemwide comparable sales improved relative to the third quarter of 2025, while Mexico and Argentina supported the consolidated result with systemwide comparable sales growth of 1.5x and 1.3x blended inflation, respectively.


The Company’s Digital strategy continued to support sales growth. Digital channel sales rose 18.7% in the period and represented 62% of the fourth quarter’s systemwide sales. Performance was notably strong in Self-order kiosk, Delivery and Loyalty sales versus the prior year. The strength in Self-order kiosk sales reinforces the continued relevance of the on-premise restaurant experience in the region’s quick-service restaurant industry.


By the end of 2025, the Company’s Loyalty Program was active in nine countries, with Mexico and Chile added to the Program during the fourth quarter. The Loyalty platform is now available in all main markets, completing the planned year-end 2025 rollout with 27.2 million registered members.


Marketing activities strengthened consumer connections with the brand through a series of campaigns and initiatives during the quarter. A fully integrated menu strategy, leveraging the cultural relevance of the Stranger Things Netflix series, boosted sales and drove high levels of engagement and meaningful brand conversations among consumers. Several markets also offered compelling value platforms, including EconoMéqui in Brazil and McXMenos in Chile, both of which performed well with price-sensitive consumers. Menu innovation in the quarter included a new chicken sandwich in Colombia and limited-time flavors within the dessert category, such as Ovomaltine in Brazil. Additionally, Happy Meal sales benefited from engaging campaigns for all ages, built around popular licensed properties such as Friends, Zootopia 2, and Disney Villains.


In the fourth quarter of 2025, Arcos Dorados recognized a net tax benefit in Brazil, with a positive impact of $33.8 million. Of this amount, $20.5 million impacted Operating income, while $13.3 million impacted interest income.


In the fourth quarter of 2024, consolidated Adjusted EBITDA included a benefit of $13.6 million related to payroll tax credits in Brazil.


Consolidated Adjusted EBITDA margin was 13.6% and 12.9% in the fourth quarters of 2025 and 2024, respectively. Even excluding the tax benefit in each respective period, fourth quarter 2025 consolidated Adjusted EBITDA margin expanded by 30 basis points versus the prior year period.


The main drivers of the underlying Adjusted EBITDA margin expansion were: (i) higher Food and Paper, with higher costs in NOLAD and SLAD partly offset by lower costs in Brazil, (ii) lower payroll expenses, thanks to better results in Brazil and SLAD, with nearly flat payroll expenses in NOLAD, (iii) an improvement in Occupancy and other operating expenses in all three divisions, and (iv) lower general & administrative expenses (G&A), in each case, as a percentage of revenue.


Net income for the fourth quarter of 2025 was $25.2 million, compared with $58.4 million in the prior year period. The decrease was mainly driven by a higher income tax expense as well as a reorganization and optimization expense that was excluded from Adjusted EBITDA (see below).


Net income margin attributable to the Company was 2.0% in the period compared to 5.1% in the prior year for the reasons mentioned above.


Arcos Dorados recorded earnings of $0.12 per share in the fourth quarter of 2025 compared to $0.28 per share in the prior year period. Total weighted average shares were 210,663,057 in both periods.


Notable Items


Included in Adjusted EBITDA: The result in the fourth quarter of 2025 included $20.5 million related to the aforementioned net tax benefit in Brazil.


Additionally, the result for the fourth quarter of 2024 included a $13.6 million positive impact from payroll tax credits in Brazil.


Excluded from Adjusted EBITDA: In the fourth quarter of 2025, the Company executed plans to restructure and enhance efficiencies in its operations. As a result, the Company incurred $8.7 million in reorganization and optimization expenses, which were recorded within G&A.



New Unit Development: Total and by Format1










 


Figure 2.












Dec. 31,

2025






Sep. 30,

2025






Jun. 30,

2025






Mar. 31,

2025






Dec. 31,

2024










Brazil

1,230






1,202






1,191






1,179






1,173










NOLAD

669






666






658






657






654










SLAD

621






611






608






603






601










TOTAL

2,520






2,479






2,457






2,439






2,428










1end of period, including company operated and franchised restaurants












 










 


Figure 3.










as of
Dec.31, 2025
Store Format*
Total Restaurants
Ownership
McCafes
Dessert
Centers


FS
IS
MS & FC
Company Operated
Franchised


Brazil

678






90






462






1,230






762






468






203






2,028







NOLAD

426






48






195






669






522






147






20






511







SLAD

280






124






217






621






516






105






244






740







TOTAL

1,384






262






874






2,520






1,800






720






467






3,279







* FS: Freestanding; IS: In-Store; MS: Mall Store; FC: Food Court.




Arcos Dorados opened 48 restaurants in the fourth quarter of 2025, including 41 freestanding units. For the full year, the Company opened 102 restaurants, just above the guidance range for the year. This included 88 freestanding locations. As of the end of December 2025, 73% of its systemwide restaurant portfolio had been modernized.



Consolidated Debt and Financial Ratios




Figure 4.
(In thousands of U.S. dollars, except ratios)





December 31,
December 31,




2025






2024







Total Cash & cash equivalents (i)

422,347






138,593







Total Financial Debt (ii)

1,101,739






707,649







Net Financial Debt (iii)

679,392






569,056







LTM Adjusted EBITDA

575,209






500,100







Total Financial Debt / LTM Adjusted EBITDA ratio

1.9






1.4







Net Financial Debt / LTM Adjusted EBITDA ratio

1.2






1.1







LTM Net income attributable to AD

212,116






148,759







Total Financial Debt / LTM Net income attributable to AD ratio

5.2






4.8







Net Financial Debt / LTM Net income attributable to AD ratio

3.2






3.8









(i)






Total cash & cash equivalents include short-term investment.








(ii)






Total financial debt includes short-term debt, long-term debt, accrued interest payable and derivative instruments (including the asset portion of derivatives amounting to $78.7 million and $80.3 million as a reduction of financial debt as of December 31, 2025 and December 31, 2024, respectively).








(iii)






Net financial debt equals total financial debt less total cash & cash equivalents.







The Company’s net debt to Adjusted EBITDA leverage ratio ended the fourth quarter of 2025 at 1.2x, compared with 1.1x at year-end 2024.


For the twelve-month period ended December 31, 2025, the Company’s cash flows included net cash provided by operating activities of $296.3 million with total property and equipment expenditures of $281.4 million. This compares with full year 2024, which had net cash provided by operating activities of $266.8 million and total property and equipment expenditures of $327.6 million.


Recent Developments


2026 Guidance


As announced in the press release issued by the Company on January 28, 2026, Arcos Dorados plans to open 105 to 115 restaurants in 2026. The Company projects total capital expenditures of $275 million to $325 million for the full year 2026, which it expects to fund with cash on hand and cash from operations.


2029 Notes Tender Offer and Redemption


On January 30, 2026, the Company launched a cash tender offer to purchase up to $150 million aggregate principal amount of its outstanding 2029 Notes. As a result of the tender offer, the Company redeemed 38.6% of the outstanding 2029 Notes for $135.2 million plus accrued and unpaid interest.


2026 Dividend


On March 18, 2026, the Board of Directors of Arcos Dorados Holdings Inc. approved a cash dividend for 2026. As such, the Company will pay $0.28 per share to all its Class A and Class B shareholders in four installments of $0.07 per share to be made on April 2, 2026, June 26, 2026, September 25, 2026, and December 29, 2026. The payments will be made to shareholders of record as of March 30, 2026, June 22, 2026, September 21, 2026, and December 23, 2026, respectively.


2026 Annual General Shareholders Meeting (AGM)


On March 6, 2026, the Company’s Board of Directors set the date for its AGM, which will be held on April 10, 2026, in Montevideo, Uruguay, at 2:00 p.m. (local time), for all shareholders of record as of March 16, 2026.


Fourth Quarter 2025 Earnings Webcast


A webcast to discuss the information contained in this press release will be held today, March 19, 2026, at 10:00 a.m. ET. In order to access the webcast, members of the investment community should follow this link: Arcos Dorados Fourth Quarter 2025 Earnings Webcast.


A replay of the webcast will be available later today in the investor section of the Company’s website: https://ir.arcosdorados.com/.


Definitions


In analyzing business trends, management considers a variety of performance and financial measures which are considered to be non-GAAP including: Adjusted EBITDA, Constant Currency basis, Systemwide sales, and Systemwide comparable sales growth.


Adjusted EBITDA: In addition to financial measures prepared in accordance with the general accepted accounting principles (GAAP), this press release and the accompanying tables use a non-GAAP financial measure titled ‘Adjusted EBITDA’. Management uses Adjusted EBITDA to facilitate operating performance comparisons from period to period.


Adjusted EBITDA is defined as the Company’s operating income plus depreciation and amortization plus/minus the following losses/gains: gains from sale or insurance recovery of property and equipment, write-offs of long-lived assets, impairment of long-lived assets, and reorganization and optimization plan expenses.


Management believes Adjusted EBITDA facilitates company-to-company operating performance comparisons by backing out potential differences caused by variations such as capital structures (affecting net interest expense and other financing results), taxation (affecting income tax expense) and the age and book depreciation of facilities and equipment (affecting relative depreciation expense), which may vary for different companies for reasons unrelated to operating performance. Figure 5 of this earnings release includes a reconciliation of Adjusted EBITDA to Net income attributable to Arcos Dorados. For more information, please see the Adjusted EBITDA reconciliation in Note 22 – Segment and geographic information – of our financial statements filed today with the Securities and Exchange Commission (the “SEC”) on Form 6-K.


Constant Currency basis: refers to amounts calculated using the same exchange rate over the periods under comparison to remove the effects of currency fluctuations from this trend analysis. To better discern underlying business trends, this release uses non-GAAP financial measures that segregate year-over-year growth into two categories:



Currency translation reflects the impact on growth of the appreciation or depreciation of the local currencies in which the Company conducts its business against the US dollar (the currency in which the Company’s financial statements are prepared).



Constant currency growth reflects the underlying growth of the business excluding the effect from currency translation. The Company also calculates variations as a percentage in constant currency, which are also considered to be non-GAAP measures, to provide a more meaningful analysis of its business by identifying the underlying business trends, without distortion from the effect of foreign currency fluctuations.



Systemwide sales: Systemwide sales represent measures for both Company-operated and sub-franchised restaurants. While sales by sub-franchisees are not recorded as revenues by the Company, management believes the information is important in understanding its financial performance because these sales are the basis on which it calculates and records sub-franchised restaurant revenues and are indicative of the financial health of its sub-franchisee base.


Systemwide comparable sales growth: this non-GAAP measure, refers to the change, on a constant currency basis, in Company-operated and sub-franchised restaurant sales in one period from a comparable period for restaurants that have been open for thirteen months or longer (year-over-year basis) including those temporarily closed. Management believes it is a key performance indicator used within the retail industry and is indicative of the success of the Company’s initiatives as well as local economic, competitive and consumer trends. Sales by sub-franchisees are not recorded as revenues by the Company.


About Arcos Dorados


Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 21 Latin American and Caribbean countries and territories with more than 2,500 restaurants, operated by the Company or by its sub-franchisees, that together employ more than 100 thousand people (as of 12/31/2025). The Company is also committed to the development of the communities in which it operates, to providing young people their first formal job opportunities and to utilize its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/.


Cautionary Statement on Forward-Looking Statements


This press release contains forward-looking statements. The forward-looking statements contained herein include statements about the Company’s business prospects, its ability to attract customers, its expectation for revenue generation and its outlook and guidance for 2026. These statements are subject to the general risks inherent in Arcos Dorados' business. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Arcos Dorados' business and operations involve numerous risks and uncertainties, many of which are beyond the control of Arcos Dorados, which could result in Arcos Dorados' expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of Arcos Dorados. Additional information relating to the uncertainties affecting Arcos Dorados' business is contained in its filings with the Securities and Exchange Commission. The forward-looking statements are made only as of the date hereof, and Arcos Dorados does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. Certain trademarks and characters referenced herein are the property of their respective owners and are used under license.



Fourth Quarter and Full Year 2025 Consolidated Results










 


Figure 5.
(In thousands of U.S. dollars, except per share data)






For Three-Months ended

For Twelve-Months ended



December 31,

December 31,




2025






2024







2025






2024







REVENUES







Sales by Company-operated restaurants

1,207,190






1,091,170







4,465,177






4,266,748







Revenues from franchised restaurants

59,353






53,050







213,082






203,414







Total Revenues

1,266,543






1,144,220







4,678,259






4,470,162







OPERATING COSTS AND EXPENSES







Company-operated restaurant expenses:







Food and paper

(428,121)






(383,765)







(1,606,076)






(1,498,853)







Payroll and employee benefits

(219,747)






(194,228)







(835,109)






(797,620)







Occupancy and other operating expenses

(339,292)






(308,038)







(1,300,420)






(1,238,220)







Royalty fees

(74,083)






(66,855)







(273,018)






(265,382)







Franchised restaurants - occupancy expenses

(24,827)






(20,670)







(89,518)






(83,665)







General and administrative expenses

(85,071)






(70,177)







(312,750)






(279,859)







Other operating income, net

14,201






2,433







103,025






17,952







Total operating costs and expenses

(1,156,940)






(1,041,300)







(4,313,866)






(4,145,647)







Operating income

109,603






102,920







364,393






324,515







Net interest expense and other financing results

(5,656)






(8,179)







(13,660)






(47,238)







(Loss) Gain from derivative instruments

(3,939)






208







(3,078)






941







Foreign currency exchange results

(2,269)






760







(4,859)






(15,063)







Other non-operating expenses, net

(457)






(3,979)







(1,484)






(3,873)







Income before income taxes

97,282






91,730







341,312






259,282







Income tax expense, net

(72,005)






(33,208)







(128,728)






(109,903)







Net income

25,277






58,522







212,584






149,379







Net income attributable to non-controlling interests

(107)






(118)







(468)






(620)







Net income attributable to Arcos Dorados Holdings Inc.

25,170






58,404







212,116






148,759







Net income attributable to Arcos Dorados Holdings Inc. Margin as % of total revenues

2.0%






5.1%







4.5%






3.3%







Earnings per share information ($ per share):







Basic net income per common share

$ 0.12






$ 0.28







$ 1.01






$ 0.71







Weighted-average number of common shares outstanding-Basic

210,663,057






210,663,057







210,663,057






210,660,590







Adjusted EBITDA Reconciliation







Net income attributable to Arcos Dorados Holdings Inc.

25,170






58,404







212,116






148,759







Net income attributable to non-controlling interests

107






118







468






620







Income tax expense, net

72,005






33,208







128,728






109,903







Other non-operating expenses, net

457






3,979







1,484






3,873







Foreign currency exchange results

2,269






(760)







4,859






15,063







Loss (Gain) from derivative instruments

3,939






(208)







3,078






(941)







Net interest expense and other financing results

5,656






8,179







13,660






47,238







Depreciation and amortization

52,332






43,650







197,257






177,354







Operating charges excluded from EBITDA computation

10,758






814







13,559






(1,769)







Adjusted EBITDA

172,693






147,384







575,209






500,100







Adjusted EBITDA Margin as % of total revenues

13.6%






12.9%







12.3%






11.2%












 




Fourth Quarter and Full Year 2025 Results by Division and Average Exchange Rates per Quarter















 


Figure 6.
(In thousands of U.S. dollars)


















 



For Three-Months ended
as
Constant
For Twelve-Months ended
as
Constant



December 31,
reported
Currency
December 31,
reported
Currency




2025






2024





Incr/(Decr)%
Incr/(Decr)%

2025






2024





Incr/(Decr)%
Incr/(Decr)%


Revenues










Brazil

502,023






445,911






12.6%






4.0%






1,770,301






1,768,311






0.1%






3.6%







NOLAD

338,143






303,141






11.5%






6.2%






1,266,129






1,225,751






3.3%






4.2%







SLAD

426,377






395,168






7.9%






44.4%






1,641,829






1,476,100






11.2%






39.7%







TOTAL

1,266,543






1,144,220






10.7%






18.5%






4,678,259






4,470,162






4.7%






15.7%















 


Operating Income (loss)










Brazil

83,622






82,626






1.2%






-7.4%






278,043






269,019






3.4%






2.7%







NOLAD

16,322






18,901






-13.6%






-17.4%






71,144






67,412






5.5%






6.1%







SLAD

37,396






29,070






28.6%






37.2%






119,959






87,406






37.2%






62.3%







Corporate and Other

(27,737)






(27,677)






-0.2%






20.8%






(104,753)






(99,322)






5.5%






21.2%







TOTAL

109,603






102,920






6.5%






-4.2%






364,393






324,515






12.3%






13.8%















 


Adjusted EBITDA










Brazil

108,813






99,381






9.5%






0.3%






358,774






340,002






5.5%






5.7%







NOLAD

33,432






30,810






8.5%






3.7%






130,860






116,256






12.6%






13.4%







SLAD

53,809






42,675






26.1%






43.3%






180,097






133,692






34.7%






60.9%







Corporate and Other

(23,361)






(25,482)






8.3%






13.1%






(94,522)






(89,850)






5.2%






21.9%







TOTAL

172,693






147,384






17.2%






11.2%






575,209






500,100






15.0%






19.4%








Figure 7.










 


Systemwide Comparable Sales Growth
For Three-Months ended




December 31,





2025






2024









Brazil

1.5%






5.5%









NOLAD

1.7%






4.1%









SLAD

49.5%






61.8%









TOTAL

16.0%






21.5%













 


Figure 8.










 


Period average
Local currency per US$
Brazil
Mexico
Argentina




4Q25






5.40






18.31






1,437.94









4Q24






5.84






20.08






999.57









Summarized Consolidated Balance Sheet








 


Figure 9.
(In thousands of U.S. dollars)







December 31,
December 31,





2025






2024







ASSETS




Current assets





Cash and cash equivalents


373,438






135,064







Short-term investments


48,909






3,529







Accounts and notes receivable, net


164,482






119,441







Other current assets (1)


254,764






209,953







Derivative instruments


10,365






416







Total current assets


851,958






468,403







Non-current assets





Property and equipment, net


1,308,732






1,127,042







Net intangible assets and goodwill


148,950






66,644







Deferred income taxes


104,250






90,287







Derivative instruments


68,339






79,874







Equity method investments


16,033






14,346







Leases right of use asset


1,133,551






949,977







Other non-current assets (2)


254,031






96,081







Total non-current assets


3,033,886






2,424,251







Total assets


3,885,844






2,892,654







LIABILITIES AND EQUITY





Current liabilities





Accounts payable


356,606






347,895







Taxes payable (3)


143,922






118,466







Accrued payroll and other liabilities


145,460






113,259







Royalties payable to McDonald’s Corporation


34,099






20,860







Provision for contingencies


1,455






1,199







Interest payable


18,915






7,798







Financial debt (4)


21,442






64,167







Operating lease liabilities


106,836






92,280







Total current liabilities


828,735






765,924







Non-current liabilities





Accrued payroll and other liabilities


91,801






20,928







Provision for contingencies


49,399






29,157







Financial debt (5)


1,140,086






715,974







Deferred income taxes


2,757






2,084







Operating lease liabilities


1,000,927






849,158







Total non-current liabilities


2,284,970






1,617,301







Total liabilities


3,113,705






2,383,225







Equity





Class A shares of common stock


389,967






389,967







Class B shares of common stock


132,915






132,915







Additional paid-in capital


8,659






8,659







Retained earnings


825,946






664,390







Accumulated other comprehensive loss


(567,630)






(668,484)







Common stock in treasury


(19,367)






(19,367)







Total Arcos Dorados Holdings Inc shareholders’ equity


770,490






508,080







Non-controlling interest in subsidiaries


1,649






1,349







Total equity


772,139






509,429







Total liabilities and equity


3,885,844






2,892,654










 


(1) Includes "Other receivables", "Inventories" and "Prepaid expenses and other current assets".


(2) Includes "Miscellaneous" and "Collateral deposits".


(3) Includes "Income taxes payable" and "Other taxes payable".


(4) Includes "Short-term debt”, “Current portion of long-term debt" and "Derivative instruments”.


(5) Includes "Long-term debt, excluding current portion" and "Derivative instruments".


 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260319704934/en/
Investor Relations Contact

Dan Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@mcd.com.uy


Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy


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Original: Arcos Dorados Reports Fourth Quarter and Full Year 2025 Financial Results

Arcos Dorados to Host Its 2026 Annual General Shareholders’ MeetingMarch 6, 2026 5:00 PM
Business Wire
Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, today announced that on March 6, 2026, its Board of Directors set the date for the Company's Annual Shareholders’ Meeting (“AGM”). The AGM will be held on April 10, 2026, in Montevideo, Uruguay, at 2:00 p.m. (local time), for all shareholders of record as of March 16, 2026.


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About Arcos Dorados


Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and sub-franchise McDonald’s restaurants in 21 Latin American and Caribbean countries and territories. Arcos Dorados and its sub-franchisees together operate more than 2,500 restaurants and have more than 100,000 employees (as of 12/31/2025). The Company is committed to the development of the communities in which it operates by providing young people their first formal job opportunities and utilizing its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260306034270/en/
For more information, please contact:


Investor Relations Contact

Daniel Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@mcd.com.uy


Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy


Original: Arcos Dorados to Host Its 2026 Annual General Shareholders’ Meeting

Arcos Dorados Holdings Inc. Fourth Quarter 2025 Results Webcast Date and TimeFebruary 19, 2026 7:15 AM
Business Wire
Scheduled for:

Thursday, March 19, 2026

10:00 a.m. New York / 11:00 a.m. Montevideo


Arcos Dorados Holdings Inc. (NYSE: ARCO) will hold a webcast to discuss its results for the fourth quarter and full year ended December 31, 2025, which will be released before the market opens on Thursday, March 19, 2026. Luis Raganato, Chief Executive Officer, and senior management will host the webcast. Opening remarks will be followed by a question-and-answer period.


Participants from the investment community will be able to join the webcast (Google Chrome is recommended) using the following link: Arcos Dorados Fourth Quarter 2025 Earnings Webcast. The link will also be available on the Events section of the Company’s Investor Relations webpage.


After its conclusion, a replay of the webcast will be available using the same link.


Follow us on: LinkedIn, Instagram, X, and YouTube.


About Arcos Dorados


Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 21 Latin American and Caribbean countries and territories with more than 2,500 restaurants, operated by the Company or by its sub-franchisees, that together employ more than 100 thousand people (as of 12/31/2025). The Company is also committed to the development of the communities in which it operates, to providing young people their first formal job opportunities and to utilize its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260219735234/en/
Investor Relations Contact

Dan Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@mcd.com.uy


Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy


Original: Arcos Dorados Holdings Inc. Fourth Quarter 2025 Results Webcast Date and Time

Arcos Dorados Issues a Clarification on Expected Q1 2026 PerformanceFebruary 13, 2026 7:00 AM
Business Wire
Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, today issued a clarification with respect to its expected first quarter performance.


Arcos Dorados is aware of comments made recently in the market that, due to continued macroeconomic pressures in parts of Latin America, systemwide comparable sales growth is expected to decrease in the first quarter of 2026 versus the fourth quarter of 2025. In fact, the opposite is true. Based on its first quarter performance to date, the Company believes it will generate sequentially higher systemwide comparable sales growth in the first quarter of 2026 compared with the fourth quarter of 2025. Importantly, in addition to this constant currency growth in a comparable restaurant base, many of the local currencies in the Company’s main markets are stronger so far this year compared with the beginning of 2025, supporting expected total revenue growth in US dollars in the first quarter of 2026.


On March 19, 2026, before the market opens, the Company will publish its earnings press release and audited financial results for the fourth quarter and full year ended December 31, 2025. Results for the first quarter, ending March 31, 2026, will be made public in the middle of May 2026.


Follow us on: LinkedIn, Instagram, X, and YouTube


About Arcos Dorados


Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and sub-franchise McDonald’s restaurants in 21 Latin American and Caribbean countries and territories. Arcos Dorados and its sub-franchisees together operate more than 2,500 restaurants and have more than 100,000 employees (as of 12/31/2025). The Company is committed to the development of the communities in which it operates by providing young people their first formal job opportunities and utilizing its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/.


Cautionary Statement on Forward-Looking Statements


This press release contains forward-looking statements. The forward-looking statements contained herein include statements about the Company’s expected performance in the first quarter of 2026, including systemwide sales growth and total revenue. These statements are subject to the general risks inherent in Arcos Dorados' business. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Arcos Dorados' business and operations involve numerous risks and uncertainties, many of which are beyond the control of Arcos Dorados, which could result in Arcos Dorados' expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of Arcos Dorados. Additional information relating to the uncertainties affecting Arcos Dorados' business is contained in its filings with the SEC. The forward-looking statements are made only as of the date hereof, and Arcos Dorados does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events.


Definitions


Constant Currency basis: refers to amounts calculated using the same exchange rate over the periods under comparison to remove the effects of currency fluctuations from this trend analysis. To better discern underlying business trends, this release uses non-GAAP financial measures that segregate year-over-year growth into two categories:



Currency translation reflects the impact on growth of the appreciation or depreciation of the local currencies in which the Company conducts its business against the US dollar (the currency in which the Company’s financial statements are prepared).



Constant currency growth reflects the underlying growth of the business excluding the effect from currency translation. The Company also calculates variations as a percentage in constant currency, which are also considered to be non-GAAP measures, to provide a more meaningful analysis of its business by identifying the underlying business trends, without distortion from the effect of foreign currency fluctuations.



Systemwide comparable sales growth: this non-GAAP measure, refers to the change, on a constant currency basis, in Company-operated and sub-franchised restaurant sales in one period from a comparable period for restaurants that have been open for thirteen months or longer (year-over-year basis) including those temporarily closed. Management believes it is a key performance indicator used within the retail industry and is indicative of the success of the Company’s initiatives as well as local economic, competitive and consumer trends. Sales by sub-franchisees are not recorded as revenues by the Company.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260213108508/en/
For more information, please contact:


Investor Relations Contact

Dan Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@mcd.com.uy


Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy


Original: Arcos Dorados Issues a Clarification on Expected Q1 2026 Performance

Arcos Dorados B.V. Announces the Early Results of Its Tender Offer for up to U.S.$150,000,000 Aggregate Principal Amount of Its 6.125% Sustainability-Linked Senior Notes Due 2029 (CUSIP NOS. 03965T AB9 / P04568 AB0)February 12, 2026 9:19 PM
Business Wire
Arcos Dorados B.V. (the “Company”) today announced early tender results in connection with its previously announced offer to purchase for cash up to U.S.$150,000,000 aggregate principal amount (such amount, as the same may be increased in the sole discretion of the Company, the “Maximum Tender Amount”) of its outstanding 6.125% Sustainability-Linked Senior Notes due 2029 (the “Notes”) (the “Offer”). The complete terms and conditions of the Offer are set forth in the offer to purchase dated January 30, 2026 (the “Offer to Purchase”). Capitalized terms used but not defined herein have the meanings set forth in the Offer to Purchase.


The early tender time for the Offer was 5:00 p.m., New York City time, on February 12, 2026 (the “Early Tender Time”). The Company has been advised by Global Bondholder Services Corporation, the information and tender agent (the “Information and Tender Agent”), that, as of the Early Tender Time, U.S.$ 134,796,000 in aggregate principal amount of the Notes, or approximately 38.51% of the outstanding Notes, had been validly tendered (and not validly withdrawn) pursuant to the Offer. The Notes that have been validly tendered (and not validly withdrawn prior to or at the Early Tender Time) can no longer be withdrawn, except as may be required by applicable law. Holders who validly tendered their Notes at or prior to the Early Tender Time, in the manner described in the Offer to Purchase and subject to the Maximum Purchase Amount will be eligible to receive the Total Consideration. The Total Consideration includes the Early Tender Payment, plus Accrued Interest (as defined in the Offer to Purchase), on the Early Settlement Date, which is expected to be February 17, 2026, or as promptly as practicable thereafter.


Certain information related to the Notes and the Offer is listed in the table below.




Security

Description






ISIN Number






CUSIP

Number






Principal

Amount Outstanding






 




Maximum

Tender Amount






Purchase

Price(1)






Early

Tender

Payment






Total

Consideration(2)








6.125% Senior Notes due 2029






US03965TAB98 (144A) and

USP04568AB06 (Regulation S)






03965T AB9 (144A) and

P04568 AB0 (Regulation S)






U.S.$350,000,000






 




 




 




 




 




U.S.$150,000,000






U.S.$1,000






U.S.$30






U.S.$1,030








(1) The amount to be paid for each U.S.$1,000 principal amount of Notes validly tendered and not validly withdrawn after the Early Tender Time and at or prior to the Expiration Time (as described herein) and accepted for purchase, excluding accrued and unpaid interest.








(2) The Purchase Price plus the Early Tender Payment to be paid for each U.S.$1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time (as described herein) and accepted for purchase, excluding accrued and unpaid interest.







The Offer is scheduled to expire at 5:00 p.m., New York City time, on March 2, 2026, or any other date and time to which the Company extends the Offer (such date and time, as it may be extended with respect to the Offer, the “Expiration Time”). Holders who validly tender their Notes after the Early Tender Time and at or prior to the Expiration Time will only be eligible to receive the Purchase Price, plus Accrued Interest.


The obligation of the Company to purchase the Notes in the Offer is conditioned on the satisfaction or waiver of certain conditions described in the Offer to Purchase. The Company reserves the right, in its sole discretion, to amend or terminate the Offer at any time.


The Company is not soliciting consents to modify any of the covenants in the indenture governing the Notes. Any Notes that remain outstanding after the termination of the Offer will continue to be the Company’s obligations. Holders of those outstanding Notes will continue to have all the rights associated with the Notes and the indenture governing the Notes.


The Company has engaged BofA Securities, Inc. to act as dealer manager (the “Dealer Manager”) in connection with the Offer. Questions regarding the Offer may be directed to BofA Securities, Inc. at +1 (646) 855-8988 (collect) or +1 (800) 292-0070 (toll free). Requests for documentation may be directed to Global Bondholder Services Corporation, the information and tender agent for the Offer, at +1 (212) 430-3774 (for banks and brokers), +1 (855) 654-2015 (U.S. toll-free). Additional contact information is set forth below.




By Mail, Hand or Overnight Courier




65 Broadway – Suite 404




New York, NY 10006




Attention: Corporate Actions






By Facsimile Transmission




+1 (212) 430-3775/3779




Attention: Corporate Actions




 






Confirmation by Telephone




+1 (212) 430-3774




Toll free: +1 (855) 654-2015




 






E-mail




 




contact@gbsc-usa.com




 







Copies of each of the Offer Documents are available at the following web address: https://www.gbsc-usa.com/arcos/


This press release is not an offer to purchase or a solicitation of an offer to purchase with respect to any Notes or any other securities, and is not an offer to sell or a solicitation of an offer to buy any securities. The Offer is being made solely pursuant to the terms of the Offer to Purchase. The Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of the Company, the Dealer Manager or Global Bondholder Services Corporation makes any recommendation as to whether holders should tender or refrain from tendering their Notes. Holders must make their own decision as to whether to tender Notes and, if so, the principal amount of the Notes to tender.


Follow us on: LinkedIn, Instagram, X, and YouTube


About Arcos Dorados


Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and sub-franchise McDonald’s restaurants in 21 Latin American and Caribbean countries and territories. Arcos Dorados and its sub-franchisees together operate more than 2,500 restaurants and have more than 100,000 employees (as of 12/31/2025). The Company is committed to the development of the communities in which it operates by providing young people their first formal job opportunities and utilizing its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/.


Cautionary Statement on Forward-Looking Statements


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are proceeded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the Offer. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Arcos Dorados’ business and operations involve numerous risks and uncertainties, many of which are beyond the control of Arcos Dorados, which could result in Arcos Dorados’ expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of Arcos Dorados. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in Arcos Dorados’ filings with the United States Securities and Exchange Commission.


The forward-looking statements are made only as of the date hereof, and Arcos Dorados does not undertake any obligation to (and expressly disclaims any obligation to) update any forward- looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260212421245/en/
Investor Relations Contact

Daniel Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@mcd.com.uy


Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy


Original: Arcos Dorados B.V. Announces the Early Results of Its Tender Offer for up to U.S.$150,000,000 Aggregate Principal Amount of Its 6.125% Sustainability-Linked Senior Notes Due 2029 (CUSIP NOS. 03965T AB9 / P04568 AB0)

Arcos Dorados to Participate in Upcoming Investor EventFebruary 4, 2026 7:30 AM
Business Wire
Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, today announced its participation in the following investor event:



BTG CEO Conference Brasil 2026. This in-person event will be held in São Paulo, Brazil, from Tuesday, February 10 to Thursday, February 12, 2026, and the Company will participate on February 10 and 11.



This information is also available in the Events section of the Company’s IR website: https://ir.arcosdorados.com/


About Arcos Dorados


Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and sub-franchise McDonald’s restaurants in 21 Latin American and Caribbean countries and territories. Arcos Dorados and its sub-franchisees together operate more than 2,500 restaurants and have more than 100,000 employees (as of 12/31/2025). The Company is committed to the development of the communities in which it operates by providing young people their first formal job opportunities and utilizing its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260204562794/en/
Investor Relations Contact

Dan Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@mcd.com.uy


Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy


Follow us on: LinkedIn, Instagram, X, and YouTube


Original: Arcos Dorados to Participate in Upcoming Investor Event

Arcos Dorados Increases the Efficiency of Its Capital StructureFebruary 2, 2026 7:30 AM
Business Wire
The Company’s Brazilian subsidiary borrowed $150 million in December 2025


The proceeds will fund a Tender Offer of up to $150 million of the Company’s Sustainability-Linked Senior Notes due 2029


Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, announced on January 30, 2026, a proposed financing transaction designed to increase the efficiency of its capital structure. The combination of borrowing by its Brazilian subsidiary and the proposed tender offer for up to a corresponding amount of its 6.125% Sustainability-Linked Senior Notes due 2029 (the “2029 Notes”) is expected to reduce the Company’s total cost of financing without significantly impacting the average maturity and foreign currency exposure of its long-term debt or its net financial leverage.


In December 2025, Arcos Dorados’ Brazilian subsidiary secured $150 million in new bank debt, due in 2029. The Company and its Brazilian subsidiary entered into certain derivative instruments in order to manage the interest rate and maintain the foreign currency exposure of its long-term debt. As a result of these transactions, the new bank debt has an estimated US dollar cost of 2.53%.


The proceeds of the new bank debt will be used to fund a tender offer of up to $150 million of the Company’s 2029 Notes, which was announced on January 30, 2026. Importantly, the Company believes it is on track to meet the Sustainability Performance Targets applicable to the 2029 Notes.


In the event of a full acceptance of the tender offer, the Company expects the result of the transactions will lower the average US dollar cost of its long-term debt by approximately 55 basis points.


“We seek to maintain an efficient capital structure to support Arcos Dorados’ goal to capture the maximum potential of the McDonald’s brand in the twenty-one countries and territories where we operate. Today’s announcement demonstrates our ability to take advantage of market opportunities to capture additional efficiencies while further aligning our capital structure with our long-term strategy,” said Mariano Tannenbaum, Arcos Dorados’ Executive Vice President and Chief Financial Officer.


For more details on the tender offer, please refer to the 6-K furnished to the U.S. Securities and Exchange Commission on January 30, 2026.


About Arcos Dorados


Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and sub-franchise McDonald’s restaurants in 21 Latin American and Caribbean countries and territories. Arcos Dorados and its sub-franchisees together operate more than 2,500 restaurants and have more than 100,000 employees (as of 12/31/2025). The Company is committed to the development of the communities in which it operates by providing young people their first formal job opportunities and utilizing its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/.


Cautionary Statement on Forward-Looking Statements


This press release contains forward-looking statements. The forward-looking statements contained herein include statements about the Company’s business prospects and cost of capital. These statements are subject to the general risks inherent in Arcos Dorados' business. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Arcos Dorados' business and operations involve numerous risks and uncertainties, many of which are beyond the control of Arcos Dorados, which could result in Arcos Dorados' expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of Arcos Dorados. Additional information relating to the uncertainties affecting Arcos Dorados' business is contained in its filings with the SEC. The forward-looking statements are made only as of the date hereof, and Arcos Dorados does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260202873192/en/
Investor Relations Contact

Dan Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@mcd.com.uy


Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy


Original: Arcos Dorados Increases the Efficiency of Its Capital Structure

Arcos Dorados B.V. Announces Commencement of Tender Offer for up to U.S.$150 Million of Its 6.125% Senior Notes Due 2029January 30, 2026 4:03 PM
Business Wire
Arcos Dorados B.V. (the “Company”) today announced that it has commenced a cash tender offer to purchase up to $150 million aggregate principal amount (such amount, as the same may be increased in the sole discretion of the Company, the “Maximum Tender Amount”) of its outstanding 6.125% Sustainability-Linked Senior Notes due 2029 (the “Notes”) (the “Offer”). The complete terms and conditions of the Offer are set forth in the offer to purchase dated January 30, 2026 (the “Offer to Purchase”). Capitalized terms used but not defined herein have the meanings set forth in the Offer to Purchase. Certain information related to the Notes and the Offer is listed in the table below.




Security Description






ISIN Number






CUSIP Number






Principal Amount Outstanding






 




Maximum Tender Amount






Purchase Price(1)






Early Tender Payment






Total Consideration(2)








6.125% Senior Notes due 2029






US03965TAB98 (144A) and

USP04568AB06 (Regulation S)






03965T AB9 (144A) and

P04568 AB0 (Regulation S)






U.S.$350,000,000






 




 




 




 




U.S.$150,000,000






U.S.$1,000






U.S.$30






U.S.$1,030









(1) The amount to be paid for each U.S.$1,000 principal amount of Notes validly tendered and not validly withdrawn after the Early Tender Time and at or prior to the Expiration Time (as described herein) and accepted for purchase, excluding accrued and unpaid interest.








(2) The Purchase Price plus the Early Tender Payment to be paid for each U.S.$1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time (as described herein) and accepted for purchase, excluding accrued and unpaid interest.







Subject to the Maximum Tender Amount and the other terms and conditions described in the Offer to Purchase, the Offer is scheduled to expire at 5:00 p.m., New York City time, on March 2, 2026 (the “Expiration Time”), unless extended by the Company. The total consideration for each U.S.$1,000 principal amount of Notes validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on February 12, 2026 (the “Early Tender Time”) and accepted pursuant to the Offer will be U.S.$1,030 (the “Total Consideration”). The Total Consideration includes an early tender payment of U.S.$30 per U.S.$1,000 principal amount of Notes (the “Early Tender Payment”). The Early Tender Payment is payable only to holders who validly tender their Notes at or prior to the Early Tender Time, if such Notes are accepted pursuant to the Offer. Holders who tender their Notes after the Early Tender Time and at or prior to the Expiration Time will be entitled to receive the Total Consideration minus the Early Tender Payment (the “Purchase Price”), if such Notes are accepted for purchase.


If the aggregate principal amount of Notes tendered exceeds the Maximum Tender Amount, the acceptance of any tendered Notes will be subject to proration, as described in the Offer to Purchase.


The Company, subject to the Maximum Tender Amount and the terms and conditions described in the Offer to Purchase, will pay (i) the Total Consideration, plus accrued and unpaid interest, in same-day funds promptly after the Early Tender Time (the “Early Settlement Date”) to all holders who validly tender and do not validly withdraw their Notes at or prior to the Early Tender Time; and (ii) the Purchase Price, plus accrued and unpaid interest, in same-day funds promptly after the Expiration Time (the “Final Settlement Date” and, each of the Early Settlement Date and the Final Settlement Date, a “Settlement Date”) to all holders who validly tender their Notes after the Early Tender Time and at or prior to the Expiration Time. If the aggregate principal amount of Notes validly tendered and not validly withdrawn as of the Early Tender Time meets or exceeds the Maximum Tender Amount, Holders who validly tender Notes after the Early Tender Time may not have any of their Notes accepted for purchase, provided that such Notes may be accepted for purchase if the Company increases the Maximum Tender Amount, which the Company is entitled to do in its sole discretion without granting withdrawal rights. There can be no assurance that the Company will increase the Maximum Tender Amount.


The Offer is subject to certain customary conditions as described in the Offer to Purchase. The Offer is not conditioned upon any minimum number of Notes being tendered.


Tenders of Notes may be validly withdrawn at any time prior to the withdrawal deadline, which is 5:00 p.m., New York City time, on February 12, 2026, unless extended (such time and date, as the same may be extended, the “Withdrawal Deadline”). Tendered Notes may not be withdrawn after the Withdrawal Deadline unless the Company (i) makes a material change in the terms of the Offer that is, in the Company’s determination, adverse to the interests of tendering holders of the Notes or (ii) is otherwise required by law to permit withdrawal.


The Company is not soliciting consents to modify any of the covenants in the indenture governing the Notes. Any Notes that remain outstanding after the termination of the Offer will continue to be the Company’s obligations. Holders of those outstanding Notes will continue to have all the rights associated with the Notes and the indenture governing the Notes.


The Company has engaged BofA Securities, Inc. to act as dealer manager (the “Dealer Manager”) in connection with the Offer. Questions regarding the Offer may be directed to BofA Securities, Inc. at +1 (646) 855-8988 (collect) or +1 (800) 292-0070 (toll free). Requests for documentation may be directed to Global Bondholder Services Corporation, the information and tender agent for the Offer, at +1 (212) 430-3774 (for banks and brokers), +1 (855) 654-2015 (U.S. toll-free). Additional contact information is set forth below.




By Mail, Hand or Overnight Courier




65 Broadway – Suite 404




New York, NY 10006




Attention: Corporate Actions






By Facsimile Transmission




+1 (212) 430-3775/3779




Attention: Corporate Actions




 






Confirmation by Telephone




+1 (212) 430-3774




Toll free: +1 (855) 654-2015




 






E-mail




 




contact@gbsc-usa.com




 







Copies of each of the Offer Documents are available at the following web address: https://www.gbsc-usa.com/arcos/


This press release is not an offer to purchase or a solicitation of an offer to purchase with respect to any Notes or any other securities, and is not an offer to sell or a solicitation of an offer to buy any securities. The Offer is being made solely pursuant to the terms of the Offer to Purchase. The Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of the Company, the Dealer Manager or Global Bondholder Services Corporation makes any recommendation as to whether holders should tender or refrain from tendering their Notes. Holders must make their own decision as to whether to tender Notes and, if so, the principal amount of the Notes to tender.


About Arcos Dorados


Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and sub-franchise McDonald’s restaurants in 21 Latin American and Caribbean countries and territories. Arcos Dorados and its sub-franchisees together operate more than 2,500 restaurants and have more than 100,000 employees (as of 12/31/2025). The Company is committed to the development of the communities in which it operates by providing young people their first formal job opportunities and utilizing its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/.


Cautionary Statement on Forward-Looking Statements


This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are proceeded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the Offer. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Arcos Dorados’ business and operations involve numerous risks and uncertainties, many of which are beyond the control of Arcos Dorados, which could result in Arcos Dorados’ expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of Arcos Dorados. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in Arcos Dorados’ filings with the United States Securities and Exchange Commission.


The forward-looking statements are made only as of the date hereof, and Arcos Dorados does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260130997620/en/
Investor Relations Contact

Daniel Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@mcd.com.uy


Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy


Original: Arcos Dorados B.V. Announces Commencement of Tender Offer for up to U.S.$150 Million of Its 6.125% Senior Notes Due 2029

Arcos Dorados Provides Restaurant Openings and CapEx Guidance for 2026January 28, 2026 12:35 PM
Business Wire
Opened 102 restaurants in 2025 and expects to open 105 to 115 restaurants in 2026


Total Capital Expenditures in 2026 are expected to be $275 million to $325 million


Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”), Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, today provided guidance for restaurant openings and total capital expenditures for 2026.


“Arcos Dorados remains committed to capturing the full potential of the McDonald’s brand in Latin America and the Caribbean. Last year, we opened 102 modern restaurants with a focus on exceeding guest expectations at each new location. This year, we will continue to pursue unit growth and the modernization of our existing restaurants with a heightened focus on optimizing our development process. Several initiatives are underway to enhance the return on our capital investments, and we look forward to providing additional detail as the year progresses,” said Luis Raganato, Arcos Dorados’ Chief Executive Officer.


2025 Actual and 2026 Guidance – Restaurant Openings and Capital Expenditures


Restaurant Openings

The Company opened 102 restaurants in 2025, including 88 free-standing units. There were 64 openings in Brazil, 23 in the South Latin American Division, and 15 in the North Latin American Division. The total included 73 company-operated locations.


For 2026, the Company expects to open 105 to 115 restaurants across its operating footprint.


Capital Expenditures

Total capital expenditures in 2025 are estimated to have been towards the low end of last year’s guidance range of $300 to $350 million.


For 2026, the Company projects total capital expenditures of $275 million to $325 million, including all openings, modernizations, optimizations and maintenance capital expenditures of the restaurant portfolio, as well as the Company’s investments in its information technology systems and capabilities. The Company expects to fund these investments with cash generated from operations and cash on hand.


Follow us on: LinkedIn, Instagram, X, and YouTube


About Arcos Dorados


Arcos Dorados is the world’s largest independent McDonald’s franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and sub-franchise McDonald’s restaurants in 21 Latin American and Caribbean countries and territories. Arcos Dorados and its sub-franchisees together operate more than 2,500 restaurants and have more than 100,000 employees (as of 12/31/2025). The Company is committed to the development of the communities in which it operates by providing young people their first formal job opportunities and utilizing its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: https://ir.arcosdorados.com/.


Cautionary Statement on Forward-Looking Statements


This press release contains forward-looking statements. The forward-looking statements contained herein include statements about the Company’s business prospects, its ability to attract customers, its expectation for revenue generation, its return on investment, and its outlook and guidance for 2026. These statements are subject to the general risks inherent in Arcos Dorados' business. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Arcos Dorados' business and operations involve numerous risks and uncertainties, many of which are beyond the control of Arcos Dorados, which could result in Arcos Dorados' expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of Arcos Dorados. Additional information relating to the uncertainties affecting Arcos Dorados' business is contained in its filings with the SEC. The forward-looking statements are made only as of the date hereof, and Arcos Dorados does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260128770707/en/
Investor Relations Contact

Dan Schleiniger

VP of Investor Relations

Arcos Dorados

daniel.schleiniger@mcd.com.uy
Media Contact

David Grinberg

VP of Corporate Communications

Arcos Dorados

david.grinberg@mcd.com.uy


Original: Arcos Dorados Provides Restaurant Openings and CapEx Guidance for 2026

got-700-at-4.67 long term drip baby

Waiting on this to got to $5 and stop playing it should be at 15

News: $ARCO Arcos Dorados Holdings Inc. (NYSE: ARCO) Second Quarter 2019 Conference Call

  Scheduled for: Wednesday, August 7, 2019 10:00 a.m. New York / 11:00 a.m. Buenos Aires You are invited to participate on a conference call with the senior management of Arcos Dorados (NYSE: ARCO), to discuss the Company's results for the second quarter ended June 30, 2019, ...

Read the whole news Arcos Dorados Holdings Inc. (NYSE: ARCO) Second Quarter 2019 Conference Call

ARCO buy 9.20









normal chart




log chart

when did they get out of OIL/ERL ????

Mr. Beauchamp has over 30 years of experience in the oil and gas industry. He worked for Sun International for 10 years, as a production geologist and an exploration geologist in the U.S., North Sea/Europe, Africa, South America, and the Middle East. Additionally, he worked for ARCO as a senior geophysicist in the Middle East, Africa, and South America, most recently as the New Venture Manager for TransAtlantic Petroleum in Morocco, Turkey and Romania. Mr. Weldon received a B.A. degree in geology from New England College, a M.S. degree in Geology from Oklahoma State University, and a Ph.D. in Geophysics from Cornell University. With a strong background in structural geology, remote sensing and geophysics, he is a member of the American Association of Petroleum Geologists, certified by the State of Texas Board of Professional Geoscientists, Society of Exploration Geophysicists, American Geophysical Union, and Geological Society of America. He is an adjunct faculty member of the University of Texas at Dallas.

GIIGLE Mr. Beauchamp

$ARCO recent news/filings

bullish 3.25

## source: finance.yahoo.com

$ARCO charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$ARCO company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/ARCO/company-info
Ticker: $ARCO
OTC Market Place: Not Available
CIK code: not found
Company name: Arcos Dorados Holdings, Inc.
Incorporated In:

$ARCO share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available

$ARCO extra dd links

Company name: Arcos Dorados Holdings, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=ARCO+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=ARCO+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=ARCO+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/ARCO/news - http://finance.yahoo.com/q/h?s=ARCO+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/ARCO/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/ARCO/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=ARCO+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/ARCO
DTCC (dtcc.com): http://search2.dtcc.com/?q=Arcos+Dorados+Holdings%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Arcos+Dorados+Holdings%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Arcos+Dorados+Holdings%2C+Inc.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/ARCO
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/ARCO/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/ARCO/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=ARCO&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=ARCO
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/ARCO/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=ARCO+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=ARCO+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=ARCO
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=ARCO
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=ARCO+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/ARCO/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=ARCO+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/ARCO.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=ARCO
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/ARCO/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/ARCO/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/ARCO
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/ARCO
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/ARCO:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=ARCO
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=ARCO



$ARCO DD Notes ~ http://www.ddnotesmaker.com/ARCO

Popped up on my nightly unusual volume scan, on watch for tomorrow: http://ditrli.com/ditrlis-trading-watchlist-for-friday-1012/

Usually don't enter til that rsi 5 gets to thirty - but I put a tight stop in so minimal risk, tried to catch that bottom - a follow through would be fantastic! Have a great long weekend everyone!

Not bad.. looks like another nice swing is due. $ARCO

Got some 7.09's

She's taking off like a banji

ARCO

ARCO setting up for next run pre dividend IMO

i just bough in at 8.51
stock price near 52 week low
strong earnings
emerging markets,
whats not to like?
good dividend
ARCO

I like this stock

Strong buy. North American assets finding their way to Latin America, China to invest billions in the region in infrastructure, games in Brazil coming up, .48 cents a share dividend, more expansion opportunities, near 52 week low, strong buy IMHO

$ARCO > Technical bounce watch this week >

ARCO has hit the ol' scanner and has a fair chance of a bounce at these levels. Stocks that have declined this badly almost always retrace higher, bounce or dip some and come right back to this point before a further decline.
Contacting me with the fundamentals about the company does not change my criteria for scanning stocks.

If you just started shorting this stock, it might be a bad idea as this is totally oversold!



All of the "FASTLANE's BOMB's AWAY! SCANS" are of my own opinion and not to be used as investment advice.




$ARCO - Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=ARCO
$ARCO - Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=ARCO
$ARCO - Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=ARCO
$ARCO - Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=ARCO
$ARCO - Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=ARCO
$ARCO - Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=ARCO&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260




Regular Candlestick Chart: http://stockcharts.com/h-sc/ui?s=ARCO&p=D&b=3&g=0&id=p04384940601




Regular Candlestick Chart: http://stockcharts.com/h-sc/ui?s=ARCO&p=W&b=3&g=0&id=p04384940601







PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/ARCO


OTC Markets Company Info ~ http://www.otcmarkets.com/stock/ARCO/company-info
$ARCO - OTC Markets Charts ~ http://www.otcmarkets.com/stock/ARCO/chart
$ARCO - OTC Markets Quote ~ http://www.otcmarkets.com/stock/ARCO/quote
$ARCO - OTC Markets News ~ http://www.otcmarkets.com/stock/ARCO/news
$ARCO - OTC Markets Financials ~ http://www.otcmarkets.com/stock/ARCO/financials
$ARCO - OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/ARCO/short-sales
$ARCO - OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/ARCO/insider-transactions
$ARCO - OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/ARCO/research


Google Finance Summary ~ http://www.google.com/finance?q=ARCO
$ARCO - $ARCO - Google Finance News ~ http://www.google.com/finance/company_news?q=ARCO
$ARCO - Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=ARCO
$ARCO - Google Finance Financials ~ http://www.google.com/finance?q=ARCO&fstype=ii#
$ARCO - Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=ARCO
$ARCO - Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=ARCO&histperiod=weekly#


Y! < Company >
$ARCO - Y! Profile ~ http://finance.yahoo.com/q/pr?s=ARCO+Profile
$ARCO - Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=ARCO+Key+Statistics
$ARCO - Y! Headlines ~ http://finance.yahoo.com/q/h?s=ARCO+Headlines
$ARCO - Y! Summary ~ http://finance.yahoo.com/q?s=ARCO
$ARCO - Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=ARCO+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=ARCO+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/ARCO
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/ARCO
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=ARCO+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=ARCO+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=ARCO+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=ARCO+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=ARCO+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=ARCO+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=ARCO+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=ARCO+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=ARCO+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=ARCO+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=ARCO+Cash+Flow&annual


FINVIZ ~ http://finviz.com/quote.ashx?t=ARCO&ty=c&ta=0&p=d


CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=ARCO&exchange=US




$ARCO - Barchart Quote ~ http://barchart.com/quotes/stocks/ARCO?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/ARCO
Barchart Options Quotes ~ http://barchart.com/options/stocks/ARCO
Barchart Technical Chart ~ http://barchart.com/charts/stocks/ARCO&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/ARCO&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/ARCO
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=ARCO
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/ARCO
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/ARCO
Barchart News Headlines ~ http://barchart.com/news/stocks/ARCO
Barchart Profile ~ http://barchart.com/profile//ARCO
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=ARCO&view=key_statistics


OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ARCO&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ARCO&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=ARCO&MarketTicker=NYSE&Typ=S


Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/ARCO/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/ARCO/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/ARCO/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/ARCO/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/ARCO
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/ARCO/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/ARCO/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/ARCO/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/ARCO/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/ARCO/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/ARCO/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=ARCO&sid=1795093&framed=False


The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=ARCO


Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=ARCO


StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=ARCO&num1=567&cobrand=&mode=stock


StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=ARCO
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=ARCO


AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=ARCO&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8


Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=ARCO.PK&WTmodLOC=C4-Officers-5


StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=ARCO®ion=U


Search NASDAQ ~ http://www.nasdaq.com/symbol/ARCO
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/ARCO/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/ARCO/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/ARCO/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=ARCO&selected=ARCO
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=ARCO&selected=ARCO
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/ARCO/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/ARCO/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/ARCO/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/ARCO/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/ARCO/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/ARCO/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/ARCO/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/ARCO/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/ARCO/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/ARCO/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/ARCO/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/ARCO/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/ARCO/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/ARCO/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=ARCO&selected=ARCO
NASDAQ Financials ~ http://www.nasdaq.com/symbol/ARCO/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/ARCO/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/ARCO/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/ARCO/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/ARCO/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/ARCO/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/ARCO/insider-trades/buys
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~ Wednesday! $ARCO ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $ARCO ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=ARCO&p=D&b=3&g=0&id=p88783918276&a=237480049




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*If the earnings date is in error please ignore error. I do my best.

Arcos Dorados Announces Pricing of Secondary Offering of Class A Shares
Arcos Dorados Holdings Com Npv CL A (NYSE:ARCO)
Today : Thursday 20 October 2011
Arcos Dorados Holdings Inc. (NYSE: ARCO) ("Arcos Dorados") announced today the pricing of its underwritten secondary offering of 40,432,690 Class A shares at a price to the public of $22.00 per share.

All of the Class A shares are being offered by certain selling shareholders. The selling shareholders have granted the underwriters the option to purchase up to an additional 4,043,268 class A shares at the public offering price less the underwriting discount to cover over-allotments.

J.P. Morgan, Morgan Stanley, Citigroup, BofA Merrill Lynch, Itau BBA and Credit Suisse are acting as joint bookrunners for the offering.

A registration statement relating to this offering was declared effective by the United States Securities and Exchange Commission on October 19, 2011. Any offer or sale may be made solely by means of a written prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the offering may be obtained from J.P. Morgan, telephone: 866-803-9204; from Morgan Stanley, 180 Varick Street 2nd Floor, New York, NY 10014, attention: Prospectus Department, telephone: 866-718-1646; from Citigroup, Brooklyn Army Terminal, 140 58th Street, Brooklyn, NY 11220, telephone: 800-831-9146; from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, attention: Prospectus Department, or e-mail dg.prospectus_requests@baml.com; from Itau BBA, 767 Fifth Avenue 50th Floor, New York, NY 10153, USA, Att.: Equity Sales Desk by phone at +1 (212) 710-6756; or from Credit Suisse, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010 or by calling 1-800-221-1037, or e-mail newyork.prospectus@credit-suisse.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

About Arcos Dorados

Arcos Dorados is the world's largest McDonald's franchisee, in terms of systemwide sales and number of restaurants, and the largest quick service restaurant chain in Latin America and the Caribbean, with restaurants in 20 countries and territories.

That's a pretty hard drop in net income. Got to love those tax increases.

ARCOS DORADOS announced it's 3rd Qtr Net Income to be negatively impacted by an increase in compensation expenses.

Oct 17-ARCOS DORADOS announces launching a secondary offering of 40.4 million Class A shares

Arcos Dorados Announces Expectations for Third Quarter 2011 Results
Arcos Dorados Holdings Com Npv CL A (NYSE:ARCO)
Intraday Stock Chart
Today : Monday 17 October 2011
Arcos Dorados Holdings Inc. (NYSE: ARCO) (“Arcos Dorados” or the “Company”) announced certain guidance today with respect to its expectations for third quarter 2011 results.

On a constant currency basis, the Company’s sales growth for the third quarter of 2011 improved upon the growth the Company experienced in the first half of the year. As evidence of this trend, the Company expects its systemwide comparable sales growth in the third quarter of 2011 to be within a range of 14.8% to 16.2%, as compared to the same period in the prior year.

However, in light of certain factors which have affected its results in prior periods and which it has previously reported, the Company expects its net income for the third quarter of 2011 when compared to the net income for the third quarter of 2010 to be negatively impacted by:

•an increase in compensation expense related to the outstanding awards granted under the Company’s long-term incentive plan (in light of the increase in the current quoted market price of the Company’s class A shares (based on a closing price of $23.19 per share as of September 30, 2011, compared to $21.09 as of June 30, 2011)),
•certain one-time charges associated with the partial redemption of the Company’s 2019 Notes, and
•the depreciation of certain local currencies against the U.S. dollar during September 2011, which primarily generated a non-cash charge over certain balance sheet accounts. This depreciation was offset, in part, by gains from certain foreign currency derivative transactions.
The Company also expects that its effective tax rate for the third quarter of 2011 will be higher than its effective tax rate for the first half of 2011 as a result of several factors, including (i) the partial recovery of its valuation allowance related to its deferred tax assets during the first half of 2011 and (ii) withholding tax and additional expenses of its holding company.

As a result of these factors, for the three months ended September 30, 2011, the Company anticipates that its revenues will likely range from $970 to $990 million, its operating income will likely range from $69 to $75 million and its net income will likely range from $18 to $20 million, representing an approximately 23.0% to 25.5% increase, an approximately 0.4% to 9.1% increase and an approximately 38.2% to 31.3% decrease, respectively, as compared to the three months ended September 30, 2010.

The Company believes the estimated financial information presented above was prepared on a reasonable basis, reflects the best currently available estimates and judgments, and presents, to the best of the Company’s knowledge and belief, the Company’s expected performance for the third quarter of 2011. However, this information is not fact and no assurances can be given that the Company’s actual systemwide comparable sales growth, revenues, operating income and net income for the three months ended September 30, 2011 will not differ from these estimated amounts. Readers of this press release are cautioned not to place undue reliance on the estimates. These estimated amounts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These estimated amounts are preliminary, are based on management’s internal estimates and are subject to further internal review by management and approval by the Company’s audit committee. These estimated amounts may or may not be realized, and they may be based upon judgments or assumptions that prove to be incorrect. The Company’s actual systemwide comparable sales growth, revenues, operating income and net income for the three months ended September 30, 2011 may vary from these estimated amounts.

About Arcos Dorados

Arcos Dorados is the world’s largest McDonald’s franchisee, in terms of systemwide sales and number of restaurants, and the largest quick service restaurant chain in Latin America and the Caribbean, with restaurants in 20 countries and territories.

I think it's going to go to 20 or less when new shares hit

with the market overall gains yesterday, looked like it dipped. Pre-market today it is already down $.61. Haven't looked at avg volume to see what yesterday was compared to avg

Does this mean a dip or hop

Do ya think adding shares will drop price

Today, the IPO lockup restrictions expires on ARCOS

Arcos Dorados Announces Filing of Registration Statement for a Secondary Offering of Class A Shares
Arcos Dorados Holdings Com Npv CL A (NYSE:ARCO)
Intraday Stock Chart
Today : Friday 7 October 2011
Arcos Dorados Holdings Inc. (NYSE: ARCO) ("Arcos Dorados") announced today the filing of a registration statement for a secondary offering of Class A shares. All of the Class A shares to be sold in the offering will be offered by certain selling shareholders. The Class A shares will be registered with the U.S. Securities and Exchange Commission and will trade on the New York Stock Exchange under the symbol “ARCO.”

J.P. Morgan, Morgan Stanley, Citigroup, BofA Merrill Lynch, Itau BBA and Credit Suisse are acting as joint bookrunners for the offering. The offering will be made only by means of a prospectus. A prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from J.P. Morgan, telephone: 866-803-9204; from Morgan Stanley, 180 Varick Street 2nd Floor, New York, NY 10014, attention: Prospectus Department, telephone: 866-718-1646; from Citigroup, Brooklyn Army Terminal, 140 58th Street, Brooklyn, NY 11220, telephone: 800-831-9146; from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, attention: Prospectus Department, or e-mail dg.prospectus_requests@baml.com; from Itau BBA, 767 Fifth Avenue 50th Floor, New York, NY 10153, USA, Att.: Equity Sales Desk by phone at +1 (212) 710-6756; or from Credit Suisse, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010 or by calling 1-800-221-1037.

A registration statement on Form F-1 relating to the securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

About Arcos Dorados

Arcos Dorados is the world's largest McDonald's franchisee, in terms of systemwide sales and number of restaurants, and the largest quick service restaurant chain in Latin America and the Caribbean, with restaurants in 20 countries and territories.

another small gain today.

small gain today despite french bank news crashing the market

Arcos Dorados Reports Strong 2Q Revenue, Lifts Outlook AUGUST 1, 2011, 6:15 P.M. ET.Arcos Dorados Reports Strong 2Q Revenue, Lifts Outlook
By Shane Romig /MARKETWATCH
Of DOW JONES NEWSWIRES BUENOS AIRES (Dow Jones)--Latin American McDonald's operator Arcos Dorados Holdings Inc. (ARCO) reported a solid gain in profits during the second quarter and lifted its 2011 outlook due to strong sales.

Arcos Dorados saw its second quarter revenue climb to $888.5 million, up 28.7% on the year or up 18.5% on the year on a constant-currency basis, the company reported Monday.

The Buenos Aires-based company holds the exclusive right to own, operate and grant franchises of McDonald's restaurants in 19 countries in Latin America and the Caribbean.

The company's revenue growth was driven by gains across all of its divisions, the company said.

Brazil, the Company's largest division, reported revenue growth of 26.9% on the year. Revenue from Mexico, Panama and Costa Rica increased by 21.8% on the year. Revenue in Argentina, Venezuela, Colombia, Chile, Peru, Ecuador, and Uruguay grew by 43.2% on the year.

Arcos Dorados went public in April at a price of $17 per share and its stock has soared since then. The company's shares closed at $23.51 Monday, but were up 4% at $24.47 in after-hours trading.

Based on the strong performance so far this year and the current outlook for operations and currencies, Arcos Dorados raised its outlook for the full year 2011. The company is expecting revenue growth of 22% to 24% and net income growth of 35% to 45% on the year.

-By Shane Romig, Dow Jones Newswires; 54-11-4103-6738; shane.romig@dowjones.com

CITIGROUP RAISE ARCO PRICE TARGET TO $32
Citigroup (C) Analysts Raise Price Target on Arcos Dorados Holdings Inc. Class A Shares (ARCO) to $32.00
Thursday, August 04, 2011 11:13 AM

Equities research analysts at Citigroup (NYSE: C) boosted their price target on shares of Arcos Dorados Holdings Inc. Class A Shares (NASDAQ: ARCO) to $32.00 in a research note to investors on Thursday. The analysts currently have a "buy" rating on the stock.

Separately, analysts at Bank of America Merrill Lynch initiated coverage on shares of Arcos Dorados Holdings Inc. Class A Shares in a research note to investors on Tuesday, May 24th. They set a "buy" rating and a $27.00 price target on the stock. Also, analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of Arcos Dorados Holdings Inc. Class A Shares in a research note to investors on Tuesday, May 24th. They set an "overweight" rating and a $26.00 price target on the stock.

Shares of Arcos Dorados Holdings Inc. Class A Shares traded down 1.54% during mid-day trading on Friday, hitting $25.01. Arcos Dorados Holdings Inc. Class A Shares has a 52 week low of $19.70 and a 52 week high of $25.95. The stock's 50-day moving average is $21.83 and its 200-day moving average is $22.12.

Arcos Dorados Holdings Inc. Class A Shares last announced its quarterly results on Monday, August 1st. The company reported $0.07 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.03 EPS by $0.04. The company’s quarterly revenue was up 28.7% on a year-over-year basis. On average, analysts predict that Arcos Dorados Holdings Inc. Class A Shares will post $0.25 EPS next quarter.

Arcos Dorados shares soar 25% after IPO
April 14, 2011, 4:36 p.m. EDT

Arcos Dorados shares soar 25% after IPO / By William Spain, MarketWatch
CHICAGO (MarketWatch) — Shares of Arcos Dorados Holdings Inc. soared more than 25% Thursday, rallying as investors embraced an initial public offering made by the Buenos Aires, Argentina-based McDonald’s franchisee.

The shares — which came out of the gate priced at $17, above their expected range of $13 to $15 — traded up $4.28 to $21.28. The company /quotes/zigman/4725620/quotes/nls/arco ARCO -1.41% sold 73.4 million shares in the offering.

The company runs McDonald’s franchises through Latin America and ranks as the largest franchisee of McDonald’s Corp. /quotes/zigman/233369/quotes/nls/mcd MCD +0.82% restaurants in the world, in terms of sales and restaurant count. It’s also the biggest fast-food chain in Latin America and the Caribbean, with units in 19 countries and territories.

Four years ago, McDonald’s sold almost all of its 1,600 restaurants in the market to Woods Staton, former president of McDonald’s Latin America South division, as well as a group of investors for $700 million. They assumed ownership of about 1,100 McDonald’s-owned restaurants and became the franchiser for 500 others.

McDonald’s outlets have been steady performers during the economic downturn as consumers “trade down” from pricier restaurant fare. The company also has been aggressively adding new items to its menus, many with local flavors, while expanding hours and benefiting from reduced pressure on labor costs.

Shares of McDonald’s, part of the Dow Jones Industrial Average /quotes/zigman/627449/delayed DJIA +0.92% , traded slightly higher to $77.11.

Bank of America Merrill Lynch, J.P. Morgan, Morgan Stanley, Itau BBA and CitiGroup are acting as joint book-runners for the Arcos Dorados offering.
William Spain is a MarketWatch staff writer in Chicago.


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nice analysis by S&P http://www.standardandpoors.com/products-services/articles/en/ap/?assetID=1245315752015

ARCO QUARTERLY EARNINS OUT TODAY

Investors Business Daily Stock News for
Arcos Dorados Hldgs Cl A (ARCO): Earnings Report Focus

Find out how IBD Rates:
ARCO
Fundamental
Arcos Dorados Hldgs Cl A will report quarterly earnings on July 28. Arcos Dorados Hldgs Cl A has an Earnings Per Share Rating of 94 from IBD, meaning that recent earnings growth has outperformed 94% of all stocks in IBD's database. In its latest quarter, profit grew 50%. In the last three quarters, profit growth has averaged 15%. In its latest quarter, sales grew 23% to $826.66 million. Focus on stocks showing strong quarterly earnings growth in recent quarters, at least 25% or more. IBD studies of past market winners showed big earnings and sales growth in recent quarters before big price moves. Arcos Dorados Hldgs Cl A's annual profit margin is 3.6%. That means the company is generating 3.6 cents in profit for each $1 in sales.

Technical
Arcos Dorados Hldgs Cl A is 11.66% off its 52-week high. In the past four weeks, Arcos Dorados Hldgs Cl A is up 2.57%. Year-to-date, it's up 7.33%. IBD research has consistently shown that stocks showing strong relative price performance in the market have the best chance of being market leaders. Rather than try to catch stocks on sale, target the leading price performers in the market. Arcos Dorados Hldgs Cl A has an Up/Down volume ratio of 1.1 which indicates that volume on up days is exceeding volume on down days. A ratio above 1.0 implies positive demand for shares.

Arcos Dorados Hldgs Cl A's volume % change is -59.6%. That means volume is on pace to be 59.6% below average. A stock's volume percent change can tell you if institutional investors are fueling a stock's gain or decline. Big volume always gives them away. Big investors like mutual funds, banks and insurance companies account for about 75% of the trading volume each day on the exchanges so it's important to pay attention to what they're buying and selling.

Arcos Dorados Hldgs Cl A's stock price is $22.92 and it has a 50-day average volume of 789,500 shares. It's generally best to focus on higher-priced, liquid names rather than low-priced, illiquid ones. Mutual funds and other big investors rarely look at stocks priced under $10 that are thinly traded. Institutional investors generally prefer liquid names so they can buy and sell easily.

About ARCO
ARGENTINIAN OPERATOR AND FRANCHISOR OF 1,755 MCDONALD'S FASTFOOD RESTAURANTS IN LATIN AMERICA AND THE CARIBBEAN.

McDonald’s Restaurants in Latin America Evolve Menu 27/07/2011 10:05 (1 Day 03:52 minutes ago)

The FINANCIAL -- Buenos Aires, Argentina, July 26th, 2011 – Arcos Dorados, responsible for the operation of the McDonald’s brand in 19 countries and territories in Latin America, announced today a number of menu items’ evolution, in benefit of the nutritional composition of food for children and adults, offered at the restaurants it operates throughout the region.

These developments will start to be implemented in the Latin American countries managed by Arcos Dorados from October 1st and are part of the constant menu evolution that the brand has been building on, in the past years, as well as a reinforcement of its commitment to a good quality of life.

“This is a clear and firm demonstration of the high level of our evolving commitment with the welfare of our customers. Our company is committed to being at the forefront of the trends and preferences of society, and to do so, we want to be sure that we offer even more menu options that are aligned with a healthy and balanced lifestyle. Likewise, we will continue to support initiatives that promote physical activities,” said Woods Staton, President and CEO of Arcos Dorados.

New Happy Meal

The new version of the Happy Meal will now be composed of four items, with the addition of a serving of fresh fruit, which will change according to the season of the year.

All of the combinations of the four-item Happy Meal in Latin America will now have less than 600 calories, which equates to one third of the daily requirement for calories recommended by the WHO for children ages 6 to 10. For that, the company will implement a series of evolutions that will improve the nutritional profile of the Happy Meal:

A new size of French fries has been created exclusively for the Happy Meal, with an average of 100 calories, less than half of the previous calories amount.

McDonald’s restaurants in Latin America have also reduced the amount of sodium by an average of 10% in the buns, in the McNuggets, in the cheese and in the ketchup, improving the nutritional profile of the three Happy Meal options: Hamburger, Cheeseburger and McNuggets.

In addition, the amount of sugar added to the fruit juices will be reduced by almost 40%, reaching no more than 5gr of added sugar per 100ml.

With all of these innovations, the menu will have an enhanced nutritional composition, which is even more adequate to children: more vitamins and more fiber, with less sodium, less sugar and fewer calories, while maintaining the same great taste of McDonald’s menu items.

“We are very glad to learn about the reformulation of McDonald's / Arcos Dorados products in regards to the reduction of salt, sugar and calories per portion, and the increase of the use of fruits and vegetables in the children's menus. The changes just announced certainly seem to be going in the right direction", said James Hospedales, Senior Advisor of the Panamerican Health Organization’s Department of Control and Prevention of Chronical Diseases.

With all that, the Happy Meal will now be offered in the McDonald’s restaurants in Latin America in various combinations of four menu items, which the customers can decide for according to their preferences: a main item (Hamburger, Cheeseburger and McNuggets), a side (French fries or, in certain markets, another option of local vegetable), a drink (fruit juice of soda with or without calories), and a portion of seasonal fruit.

Adult Menu

Likewise, the other regular Combos will offer a new salad as an option for the side dish of sandwiches and beverages. The new side salad, that will have less than 10 calories without the dressing, will be a mix of green leaves and tomatoes. This will represent a reduction in the total of calories of an Extra Value Meal, compared to the choice of fries as the side option.
With sodium reduction in all its core sandwich buns, the cheese and the ketchup, McDonald’s is also reducing the amount of sodium in all its sandwiches on the core menu (including the Big Mac, the Quarter Pounder, the Hamburger, the Cheeseburger and the line of chicken sandwiches).

To assure that the menu items will keep the same delicious taste characteristics, the McDonald’s restaurants in Latin America have dedicated two years to research, with the support of its suppliers and, during 2011, has tested and validated this nutritional improvement with customers.

ARCO holding strong!

5-Star Stocks Poised to Pop: Arcos Dorados
Brian D. Pacampara - July 13, 2011

Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Arcos Dorados Holdings (NYSE: ARCO), which operates McDonald's (NYSE: MCD) franchises in South America, has earned a coveted five-star ranking.

With that in mind, let's take a closer look at Arcos Dorados' business and see what CAPS investors are saying about the stock right now.

Arcos Dorados facts

Swipe left/right to view wide tables
Headquarters (Founded) Buenos Aires, Argentina (2007)
Market Cap $2.8 billion
Industry Restaurants
Trailing-12-Month Revenue $3.17 billion
Management Chairman/CEO Woods Staton CFO German Lemonnier
Trailing-12-Month Operating Margin 6.8%
Cash/Debt $141.2 million / $471.5 million
Competitors Yum! Brands (NYSE: YUM)
Sources: Capital IQ (a division of Standard & Poor's) and Motley Fool CAPS.

On CAPS, 99% of the 152 members who have rated Arcos Dorados believe the stock will outperform the S&P 500 going forward. These bulls include TMFTypeoh and All-Star TMFBreakerForce.

Late last month, TMFTypeoh succinctly summed up the Arcos Dorados bull case: "Risky, but it's like investing in [McDonald's] 30 years ago. If it holds true, we've got a multibagger!"

Over the next five years, in fact, Arcos Dorados is expected to grow its bottom line at a brisk rate of 27% annually. That's much faster than other restaurant stocks like Yum! Brands (13%) and Starbucks (Nasdaq: SBUX) (18%).

CAPS All-Star TMFBreakerForce expands on the outperform argument:

Arcos Dorados (Golden Arches) is the world's largest McDonald's Franchisee. They operate in all of South America, Parts of Central America, and the Caribbean.

The bought all of MCD's South American franchises for less than book value back in 2007. The company has turned around the underperforming business, and is improving margins. They currently operate over 1,700 chains. According to the prospectus, the company intends to open at least 250 new locations by 2013.

It is estimated that the company could open at least 5,000 chains in the next decade, as the economies in the major countries in South America (Brazil, Argentina, Chile) continue to improve.

They have some debt outstanding but generated almost $264 Million in Cash Flow from Operations in 2010, so meeting debt obligations will not be an issue.