Arcos Dorados Holdings (ARCO) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into ARCO stock, check out TipRanks’ Stock Analysis page.
