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Arcos Dorados Holdings Inc (ARCO)
NYSE:ARCO
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.22Last Year’s EPS
$0.26Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -10.71%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call emphasized strong revenue and digital sales growth, market share gains, and successful loyalty programs. However, challenges such as currency devaluation, margin pressures, and economic instability in Argentina were noted. Despite these challenges, the company's strategic focus and market position indicate resilience and potential for future growth.Company Guidance
During the Q3 2024 earnings call, Arcos Dorados reported a strong financial performance, emphasizing their strategic focus on digital, delivery, drive-thru, and development. Key metrics highlighted were a system-wide comparable sales increase of over 32%, despite challenging economic conditions, and a 16% growth in total digital sales, with digital channels accounting for 43% of system-wide sales. The company opened 56 "Experience of the Future" restaurants year-to-date through September, including 32 in Brazil, and plans to meet its 2024 openings guidance. Additionally, U.S. dollar EBITDA was reported as the second highest for a third quarter, although margins contracted slightly by 50 basis points due to currency devaluation impacts, particularly in SLAD. Arcos Dorados continues to capitalize on market share gains, with McDonald's brand gaining 5 points of value share across its footprint, and it is on track for continued growth driven by a disciplined development strategy and a strong balance sheet.Record Third Quarter Revenue
U.S. dollar revenue set a new high for the third quarter with system-wide comp sales up more than 32%.
Strong Digital Sales Growth
Digital sales grew 16%, contributing to 58% of system-wide sales in the quarter.
Restaurant Openings and Development
Opened 56 Experience of the Future restaurants year-to-date through September, with 32 in Brazil, and on track to meet 2024 openings guidance.
Market Share Gains
Gained 5 points of value share across the company's footprint in the quarter and 3.6 points during the first 9 months of the year.
Positive EBITDA Performance
Consolidated EBITDA was the second highest for a third quarter in company history, despite some margin contractions.
Loyalty Program Success
Loyalty program has reached about 14 million registered members across Brazil, Costa Rica, and Uruguay, boosting guest engagement and sales growth.
Debt Rating Upgrade
Moody's upgraded Arcos Dorados debt rating to Ba1 with a stable outlook, aligning with Fitch's BB+ rating.
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ARCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $8.40 | $8.60 | +2.38% |
| Aug 14, 2024 | $10.03 | $9.97 | -0.60% |
| May 15, 2024 | $11.06 | $10.42 | -5.79% |
| Mar 13, 2024 | $11.72 | $11.66 | -0.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arcos Dorados Holdings Inc (ARCO) report earnings?
Arcos Dorados Holdings Inc (ARCO) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Arcos Dorados Holdings Inc (ARCO) earnings time?
Arcos Dorados Holdings Inc (ARCO) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARCO EPS forecast?
ARCO EPS forecast for the fiscal quarter 2024 (Q4) is $0.22.
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