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Stock impact report

Arcos Dorados Reports Strong Fourth Quarter and Full Year 2023 Financial Results

Arcos Dorados Holdings Inc. Class A Shares (ARCO) 
Last arcos dorados holdings inc. class a shares earnings: 3/18 08:00 am Check Earnings Report
US:NYSE Investor Relations: arcosdorados.com/ir.html
Company Research Source: Business Wire
Total revenues reached $1.2 billion in the fourth quarter and $4.3 billion for the full year 2023, the Company’s strongest US dollar results for both periodsSystemwide comparable sales1 grew 32.4% in the fourth quarter and 34.6% in the full year 2023, up 1.1x and 1.3x blended inflation, respectivelyDigital channel sales (Mobile App, Delivery and Self-order Kiosks) contributed 53% of the fourth quarter’s systemwide sales, including 21% identified salesConsolidated Adjusted EBITDA1 in the fourth quarter and full year were $132.6 million and $472.3 million, respectively, also the Company’s strongest US dollar results for each periodNet Income in the fourth quarter was $55.8 million, or $0.26 per share, and $181.3 million for the full year, or $0.86 per share, the Company’s highest earnings per share for a full yearNet Debt to Adjusted EBITDA ratio remained at a healthy 1.0x at year-end 2023The Board of Directors declared a cash dividend of $0.24 per share for 2024 MONTEVIDEO, Uruguay- Show less Read more
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