Arcos Dorados Holdings Reports Strong Second Quarter 2024 Results

Record Revenue and Earnings Driven by Same-Store Sales Growth

Key Highlights:

• Revenue increased by 12.5% to $2.8 billion
• Same-store sales growth of 9.3%
• Earnings per share increased by 15.4% to $0.65

Arcos Dorados Holdings Inc. (NYSE: ARCO), the world's largest McDonald's franchisee, reported strong financial results for the second quarter of 2024.

The company's revenue increased by 12.5% year-over-year to $2.8 billion. This growth was primarily driven by strong same-store sales growth of 9.3% across its markets. Arcos Dorados operates more than 2,300 McDonald's restaurants in 20 countries in Latin America and the Caribbean.

Arcos Dorados's net income increased by 14.3% to $341.4 million, and earnings per share increased by 15.4% to $0.65. The company's operating margin improved to 12.2%, up from 11.8% in the second quarter of 2023.

"We are pleased to report another quarter of strong growth for Arcos Dorados," said Marcelo Rabach, CEO of Arcos Dorados. "Our focus on providing our customers with a great experience has resulted in continued same-store sales growth. We are also excited about the potential for our new restaurant openings and expansion plans."

Conclusion:

Arcos Dorados Holdings' strong second quarter results demonstrate the company's continued success in the fast-food industry. The company's focus on same-store sales growth, new restaurant openings, and expansion plans positions it well for continued success in the future.