August 28, 2014 1:02 PM ET

Hotels, Restaurants and Leisure

Company Overview of Arcos Dorados Holdings, Inc.

Company Overview

Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. As of December 31, 2013, the company operated or franchised 2,062 McDonald’s branded restaurants. The company was founded in 2007 and is headquartered in Buenos Aires, Argentina.

Roque Saenz Peña 432

Olivos

Buenos Aires,  1636

Argentina

Founded in 2007

Phone:

54 11 4711 2000

Key Executives for Arcos Dorados Holdings, Inc.

Arcos Dorados Holdings, Inc. does not have any Key Executives recorded.

Arcos Dorados Holdings, Inc. Key Developments

Arcos Dorados Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Earnings Guidance for the Full Year of 2014; Announces Expansion Plans

Arcos Dorados Holdings, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $917,922,000 compared with $989,185,000 for the same period a year ago. Operating loss was $38,279,000 compared with operating income of $38,349,000 for the same period a year ago. Loss before income taxes was $92,713,000 compared with income before income taxes of $9,392,000 for the same period a year ago. Net loss attributable to Arcos Dorados Holdings Inc. was $98,986,000 or $0.47 per basic share compared with net income attributable to Arcos Dorados Holdings Inc. of $8,785,000 or $0.04 per basic share for the same period a year ago. Adjusted EBITDA was $41,957,000 compared with $67,404,000 for the same period a year ago. For the six months, the company reported total revenues of $1,833,416,000 compared with $1,966,095,000 for the same period a year ago. Operating loss was $17,505,000 compared with operating income of $75,566,000 for the same period a year ago. Loss before income taxes was $109,651,000 compared with income before income taxes of $8,647,000 for the same period a year ago. Net loss attributable to Arcos Dorados Holdings Inc. was $119,616,000 or $0.57 per basic share compared with net income attributable to Arcos Dorados Holdings Inc. of $2,183,000 or $0.01 per basic share for the same period a year ago. Adjusted EBITDA was $92,280,000 compared with $136,097,000 for the same period a year ago. Net financial debt as on June 30, 2014 was $790,306,000. The company revised earnings guidance for the full year of 2014. For the full year of 2014, the company now expects to report revenues growth to be in the range of 9% to 11%, adjusted EBITDA growth to be in the range of 5% to 8%, effective tax rate to be in the range of 35% to 37% and capital expenditures of $180 million compared with revenues growth to be in the range of 13% to 16%, adjusted EBITDA growth to be in the range of 15% to 18%, effective tax rate to be in the range of 35% to 37% and capital expenditures of $200 million previous guidance for the same period. The company now planned to open 84 new restaurants, which is in line with 3-year average of its commitment with its partner, McDonald's Corporation. The company maintained its commitment to open a minimum of 250 restaurants from 2014 to 2016.

Arcos Dorados Holdings, Inc. to Report Q2, 2014 Results on Aug 05, 2014

Arcos Dorados Holdings, Inc. announced that they will report Q2, 2014 results Pre-Market on Aug 05, 2014

Arcos Dorados Holdings, Inc., Q2 2014 Earnings Call, Aug 05, 2014

Arcos Dorados Holdings, Inc., Q2 2014 Earnings Call, Aug 05, 2014

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