Arcos Dorados Holdings (ARCO) has released an update.
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Arcos Dorados Holdings, the largest McDonald’s franchisee in Latin America, reported a record $1.1 billion in third-quarter revenues, with a significant 32.1% increase in systemwide comparable sales. The company’s digital channel sales grew by 16%, representing 58% of total sales, and it opened 19 new ‘Experience of the Future’ restaurants. Despite challenging economic conditions, Arcos Dorados achieved a net income of $35.2 million, continuing to leverage its strategic focus on digital, delivery, and drive-thru services for growth.
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