Arcos Dorados (ARCO) has released an update.
Arcos Dorados, the world’s largest independent McDonald’s franchisee, reported a substantial increase in first-quarter revenues, reaching $1.1 billion, a 9.1% jump from the previous year. The company experienced a 38.6% surge in systemwide comparable sales and saw a significant rise in digital sales, with 55% of systemwide sales coming from digital channels. Despite challenges in a key market, the firm’s diversification and ‘Three-D’s strategy’ (Digital, Delivery, and Drive-thru) have contributed to its robust financial performance.
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