Arcos Dorados Holdings Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 16, 2023 at 07:30 am EST
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Arcos Dorados Holdings Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 1,125.11 million compared to USD 921.7 million a year ago. Net income was USD 59.72 million compared to USD 46.87 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.22 a year ago.
For the nine months, revenue was USD 3,156.42 million compared to USD 2,600.28 million a year ago. Net income was USD 125.5 million compared to USD 85.85 million a year ago. Basic earnings per share from continuing operations was USD 0.6 compared to USD 0.41 a year ago.
Arcos Dorados Holdings Inc. is a McDonald's franchisee. The Company operates or franchises over 2,140 McDonald's-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay. Its menus feature over three tiers of products: entry-level options, such as its Big Pleasures, Small Prices offerings and Almuerzos Colombianos (Colombian Lunches) in Colombia; core menu options, such as the Big Mac, Happy Meal and Quarter Pounder, and premium options, such as Big Tasty or Angus premium hamburgers and chicken sandwiches and low-calorie or low-sodium products.
ARCOS DORADOS HOLDINGS INC. 
