Arcos Dorados Holdings Inc. operates as a franchisee of McDonald’s restaurants. The company has operations in 20 territories, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guyana, 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 September 30, 2013, it operated or franchised 1,993 McDonald's-branded restaurants, 2,157 Dessert Centers, and 344 McCafe's. The company was founded in 2007 and is headquartered in Buenos Aires, Argentina.
Roque Saenz Peña 432
Buenos Aires, 1636
Founded in 2007
Arcos Dorados Holdings, Inc. Reports Consolidated Unaudited Earnings Results for Four Quarter and Audited Earnings Results for the Year Ended December 31, 2013; Provides Earnings Outlook for the Year 2014
Mar 11 14
Arcos Dorados Holdings, Inc. reported consolidated unaudited earnings results for four quarter and audited earnings results for the year ended December 31, 2013. For the quarter, the company’s total revenues were $1,046,003,000 against $1,009,677,000 a year ago. Operating income was $90,683,000 against $80,095,000 a year ago. Income before income tax was $53,481,000 against $60,000,000 a year ago. Net income attributable to company was $32,090,000 against $44,221,000 a year ago. Basic net income per common share was $0.15 against $0.21 a year ago. Adjusted EBITDA was $117,995,000 against $111,607,000 a year ago. Cash generated from operating activities was $133.5 million. During the quarter, capital expenditures amounted to $164.3 million, including a $57.4 million real estate purchase in Venezuela.
For the year, the company’s total revenues were $4,033,310,000 against $3,797,394,000 a year ago. Operating income was $228,522,000 against $236,640,000 a year ago. Income before income tax was $96,594,000 against $160,963,000 a year ago. Net income attributable to company was $53,854,000 against $114,332,000 a year ago. Basic net income per common share was $0.26 against $0.55 a year ago. Adjusted EBITDA was $344,467,000 against $340,561,000 a year ago. Net financial debt as on December 31, 2013 was $609,357,000 against $474,937,000 as on December 31, 2012. The decline in net income primarily reflects higher foreign currency exchange losses (explained by the depreciation of local currencies, including the devaluation of the Bolivar in Venezuela), and also higher net interest expense (primarily due to one-time charges related to the debt restructuring), all of which were partially offset by slightly lower income tax expense. On an organic basis, net income was $103.4 million, increasing by 16.2%. Cash generated by operating activities was $217.0 million for the year. Additionally, total capital expenditures amounted to $313.5 million for the year, which includes a $57.4 million real estate purchase in Venezuela.
For the year 2014, the company expects revenue growth in the range of 13% to 16%, adjusted EBITDA growth in the range of 15% to 18%, effective tax rate in the range of 35% to 37% and capital expenditure in the range of $200 million.
Daniel Schleiniger Joins Arcos Dorados Holdings, Inc. as New Corporate Director of Investor Relations
Mar 11 14
Arcos Dorados Holdings, Inc. announced that Daniel Schleiniger joined the company as the new Corporate Director of Investor Relations. Daniel began his career as a corporate banking relationship manager for one of Brazil's large banks and has held positions in equity research, investor relations, financial planning and analysis as well as treasury and portfolio management. Daniel will be based in Miami.
Arcos Dorados Announces Dividend for 2014, Payable on April 1, 2014, July 1, 2014, October 1, 2014 and January 2, 2015
Mar 7 14
Arcos Dorados Holdings Inc. announced that the Board of Directors approved a total dividend cash payment of USD 50,035,624 for 2014, to be paid in four equal installments of USD 12,508,906 each, to shareholders of outstanding Class A and Class B shares. Each dividend payment will amount to approximately USD 0.0596 per share, based on the total number of shares outstanding. The first cash dividend payment will be distributed on April 1, 2014, to shareholders of record at the close of business on March 26, 2014. Remaining installments will be paid on July 1, 2014, October 1, 2014 and January 2, 2015 of record dates June 26, 2014, September 26, 2014 and December 26, 2014.