Latest news with #ArcosDorados
Yahoo
a day ago
- Business
- Yahoo
Arcos Dorados appoints new CEO
Arcos Dorados, the largest independent McDonald's franchise in Latin America, has announced a leadership transition with the appointment of Luis Raganato as CEO. Raganato, who has served as the company's current chief operating officer (COO) since July 2019, will assume the role from 1 July 2025, succeeding Marcelo Rabach. Rabach will continue to serve on the board of directors after stepping down from his executive position. Arcos Dorados executive chairman of the board Woods Staton said: 'Luis began his career with us in 1991, as a crew member in one of our restaurants in Córdoba, Argentina. By the time we appointed him COO in 2019, he had established a successful track record at every level of our operation. It did not take long for Luis to again prove his leadership abilities, as he played an instrumental role in guiding Arcos Dorados through the global pandemic of 2020. Coming out of that challenging period, he worked with the ADvance digital team to further the digitalisation of the operation, which was a key driver of the record financial results of the last several years.' Raganato's journey with Arcos Dorados began in 1991 as a trainee in Argentina. Over the years, he has climbed the ranks, holding various operational management roles, including divisional president for the Caribbean and managing director in Peru. Carlos Gonzalez, current president of the South Latin American division, is set to replace Raganato as COO. Before joining McDonald's Chile in 2000, Gonzalez worked in the financial and automotive industries. His career at McDonald's has been marked by a series of operational and leadership roles, culminating in his position as managing director for Chile. Gonzalez's educational background includes a degree in public administration and a Master's in business management. Arcos Dorados has the exclusive right to own, operate and grant McDonald's franchises in 20 Latin American and Caribbean countries and territories with more than 2,400 restaurants. In January 2025, Arcos Dorados renewed its master franchise agreement with McDonald's. "Arcos Dorados appoints new CEO" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Wire
4 days ago
- Business
- Business Wire
Arcos Dorados Announces Management Changes
MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Arcos Dorados Holdings Inc. (NYSE: ARCO) ('Arcos Dorados' or the 'Company'), Latin America's largest restaurant chain and the world's largest independent McDonald's franchisee, today announced its Board of Directors has appointed Luis Raganato as Arcos Dorados' new Chief Executive Officer, effective July 1, 2025. Mr. Raganato succeeds Marcelo Rabach, who decided to step down from the CEO position but will remain a member of the Company's Board of Directors. 'Luis began his career with us in 1991, as a crew member in one of our restaurants in Córdoba, Argentina. By the time we appointed him Chief Operating Officer in 2019, he had established a successful track record at every level of our operation. It did not take long for Luis to again prove his leadership abilities, as he played an instrumental role in guiding Arcos Dorados through the global pandemic of 2020. Coming out of that challenging period, he worked with the ADvance digital team to further the digitalization of the operation, which was a key driver of the record financial results of the last several years,' said Woods Staton, Executive Chairman of the Board. 'For the last six years, Luis has partnered with Marcelo to take Arcos Dorados to new heights, and I am confident he is the right person to lead us into our next phase of growth. His experience, vision and commitment to our values will ensure we build an even brighter future for our Company and all its stakeholders. I would like to express my heartfelt gratitude to Marcelo for 35 stellar years at Arcos Dorados. He is leaving the Company in as strong a position as ever and, although he will no longer lead the day-to-day operation, I am very pleased that Marcelo will remain a member of our Board of Directors to help steer the Company's strategy into the future,' Mr. Staton concluded. 'I am honored to have been appointed the next CEO of Arcos Dorados. I would like to thank Woods and the other members of our Board for this incredible opportunity. We have come a long way on our journey to become Latin America and the Caribbean's largest and most successful QSR operator and I am certain that we still have a huge opportunity to continue growing for the foreseeable future,' said Mr. Raganato. 'I worked directly with Marcelo for more than ten years, beginning when I became President of the Caribbean Division and he was COO, and for the last six years as COO of Arcos Dorados. Together, we helped develop the Company's long-term strategy and I am committed to generating value for all our stakeholders.' Mr. Raganato served as the Company's Chief Operating Officer beginning in July 2019. Prior to his appointment as COO, he was the Divisional President for the Caribbean, and before that, the Managing Director of Arcos Dorados in Peru. Mr. Raganato began his career at Arcos Dorados in 1991 as a Trainee in the Nuevocentro Shopping Center location in the province of Córdoba, Argentina and has held various positions in Operations Management over the course of his career with Arcos Dorados. Mr. Raganato holds a bachelor's degree in business administration from Instituto Aeronáutico de Argentina, a master's degree in marketing and business development from Escuela Superior de Estudios de Marketing de Madrid and an MBA from Universidad de Piura, Peru. Carlos Gonzalez appointed as Arcos Dorados' new Chief Operating Officer Carlos Gonzalez, who currently serves as President of the South Latin American Division, will succeed Mr. Raganato as Chief Operating Officer, also effective July 1, 2025. Mr. Gonzalez began his career in the financial and automotive sectors before joining McDonald's Chile in 2000. During his tenure, he held various operational and leadership roles within the Company, including as Managing Director for Chile, from 2011 to 2024. Mr. Gonzalez has a degree in public administration from the University of Chile in 1989 and has completed various postgraduate studies in marketing and management as well as a master's in business management from Adolfo Ibáñez University in Santiago, Chile. About Arcos Dorados Arcos Dorados is the world's largest independent McDonald's franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald's restaurants in 20 Latin American and Caribbean countries and territories with more than 2,400 restaurants, operated by the Company or by its sub-franchisees, that together employ more than 100 thousand people (as of 03/31/2025). The Company is also committed to the development of the communities in which it operates, to providing young people their first formal job opportunities and to utilize its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website:
Yahoo
4 days ago
- Business
- Yahoo
Arcos Dorados Announces Management Changes
Luis Raganato Appointed Chief Executive Officer Marcelo Rabach to Remain a member of the Board of Directors MONTEVIDEO, Uruguay, June 06, 2025--(BUSINESS WIRE)--Arcos Dorados Holdings Inc. (NYSE: ARCO) ("Arcos Dorados" or the "Company"), Latin America's largest restaurant chain and the world's largest independent McDonald's franchisee, today announced its Board of Directors has appointed Luis Raganato as Arcos Dorados' new Chief Executive Officer, effective July 1, 2025. Mr. Raganato succeeds Marcelo Rabach, who decided to step down from the CEO position but will remain a member of the Company's Board of Directors. "Luis began his career with us in 1991, as a crew member in one of our restaurants in Córdoba, Argentina. By the time we appointed him Chief Operating Officer in 2019, he had established a successful track record at every level of our operation. It did not take long for Luis to again prove his leadership abilities, as he played an instrumental role in guiding Arcos Dorados through the global pandemic of 2020. Coming out of that challenging period, he worked with the ADvance digital team to further the digitalization of the operation, which was a key driver of the record financial results of the last several years," said Woods Staton, Executive Chairman of the Board. "For the last six years, Luis has partnered with Marcelo to take Arcos Dorados to new heights, and I am confident he is the right person to lead us into our next phase of growth. His experience, vision and commitment to our values will ensure we build an even brighter future for our Company and all its stakeholders. I would like to express my heartfelt gratitude to Marcelo for 35 stellar years at Arcos Dorados. He is leaving the Company in as strong a position as ever and, although he will no longer lead the day-to-day operation, I am very pleased that Marcelo will remain a member of our Board of Directors to help steer the Company's strategy into the future," Mr. Staton concluded. "I am honored to have been appointed the next CEO of Arcos Dorados. I would like to thank Woods and the other members of our Board for this incredible opportunity. We have come a long way on our journey to become Latin America and the Caribbean's largest and most successful QSR operator and I am certain that we still have a huge opportunity to continue growing for the foreseeable future," said Mr. Raganato. "I worked directly with Marcelo for more than ten years, beginning when I became President of the Caribbean Division and he was COO, and for the last six years as COO of Arcos Dorados. Together, we helped develop the Company's long-term strategy and I am committed to generating value for all our stakeholders." Mr. Raganato served as the Company's Chief Operating Officer beginning in July 2019. Prior to his appointment as COO, he was the Divisional President for the Caribbean, and before that, the Managing Director of Arcos Dorados in Peru. Mr. Raganato began his career at Arcos Dorados in 1991 as a Trainee in the Nuevocentro Shopping Center location in the province of Córdoba, Argentina and has held various positions in Operations Management over the course of his career with Arcos Dorados. Mr. Raganato holds a bachelor's degree in business administration from Instituto Aeronáutico de Argentina, a master's degree in marketing and business development from Escuela Superior de Estudios de Marketing de Madrid and an MBA from Universidad de Piura, Peru. Carlos Gonzalez appointed as Arcos Dorados' new Chief Operating Officer Carlos Gonzalez, who currently serves as President of the South Latin American Division, will succeed Mr. Raganato as Chief Operating Officer, also effective July 1, 2025. Mr. Gonzalez began his career in the financial and automotive sectors before joining McDonald's Chile in 2000. During his tenure, he held various operational and leadership roles within the Company, including as Managing Director for Chile, from 2011 to 2024. Mr. Gonzalez has a degree in public administration from the University of Chile in 1989 and has completed various postgraduate studies in marketing and management as well as a master's in business management from Adolfo Ibáñez University in Santiago, Chile. Follow us on: LinkedIn Instagram X YouTube About Arcos Dorados Arcos Dorados is the world's largest independent McDonald's franchisee, operating the largest quick service restaurant chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald's restaurants in 20 Latin American and Caribbean countries and territories with more than 2,400 restaurants, operated by the Company or by its sub-franchisees, that together employ more than 100 thousand people (as of 03/31/2025). The Company is also committed to the development of the communities in which it operates, to providing young people their first formal job opportunities and to utilize its Recipe for the Future to achieve a positive environmental impact. Arcos Dorados is listed for trading on the New York Stock Exchange (NYSE: ARCO). To learn more about the Company, please visit the Investors section of our website: View source version on Contacts Investor Relations ContactDan SchleinigerVP of Investor RelationsArcos Media ContactDavid GrinbergVP of Corporate CommunicationsArcos
Yahoo
6 days ago
- Business
- Yahoo
ARCO Q1 Earnings Call: Flat Sales and Margin Pressure Amid Challenging Consumer Environment
Fast-food chain Arcos Dorados (NYSE:ARCO) fell short of the market's revenue expectations in Q1 CY2025, with sales flat year on year at $1.08 billion. Its GAAP profit of $0.07 per share decreased from $0.14 in the same quarter last year. Is now the time to buy ARCO? Find out in our full research report (it's free). Revenue: $1.08 billion (flat year on year) Adjusted Operating Income: $45.15 million vs analyst estimates of $52.01 million (4.2% margin, 13.2% miss) Adjusted EBITDA Margin: 8.5% Locations: 2,439 at quarter end, up from 2,381 in the same quarter last year Same-Store Sales rose 5.6% year on year (38.6% in the same quarter last year) Market Capitalization: $1.55 billion Management attributed Arcos Dorados' flat sales in Q1 to a combination of external and internal factors, including lower guest volumes across the quick-service restaurant industry, unfavorable calendar effects from Leap Day and Holy Week, and currency depreciation in key markets. CEO Marcelo Rabach noted that digital and loyalty channels remained resilient, with almost 60% of sales coming through digital platforms and a growing base of nearly 19 million monthly app users. While off-premise channels helped offset weaker in-restaurant traffic, CFO Mariano Tannenbaum highlighted that higher food and paper costs, especially in Brazil due to rising beef prices, weighed on margins. Management emphasized that operating performance improved later in the quarter, especially in March, and that Brazil and SLAD divisions provided some margin stability despite broader challenges. Looking ahead, Arcos Dorados' leadership expects an improved operating environment as the year progresses, supported by a robust marketing plan and ongoing digital initiatives. Management indicated that early Q2 sales trends, particularly in Mexico and Brazil, have strengthened as negative calendar effects subside and brand activations ramp up. CFO Mariano Tannenbaum stated, 'We expect margins for 2025 will be similar to 2024, excluding the positive impact of prior-year payroll reversals in Brazil,' as the company pursues pricing actions aligned with inflation, enhanced supplier negotiations, and continued cost discipline. CEO Marcelo Rabach expressed confidence in capturing further market share and leveraging the company's modernized restaurant base, while remaining cautious on consumer spending trends. Management identified several factors that shaped Q1 results, including digital channel growth, segment-specific consumer dynamics, and varied margin performance across regions. Digital channel penetration: The company's digital sales accounted for nearly 60% of system-wide sales, with digital platforms and the loyalty program driving customer engagement and frequency. Off-premise channels, such as delivery and mobile ordering, remained resilient as consumers pulled back on in-restaurant dining. Brazil's mixed performance: Brazil saw a modest constant-currency revenue increase but faced a soft consumer climate and heightened beef costs, which pressured margins. Marketing campaigns, including sponsorships and menu innovations, helped maintain brand preference and market share despite external pressures. NOLAD region dynamics: The NOLAD division (Mexico, Panama, Costa Rica, and others) experienced comparable sales gains in Mexico, but overall revenue was impacted by currency depreciation and weaker traffic in Panama and Costa Rica. Digital campaigns and value-focused promotions were used to maintain customer engagement. SLAD division recovery: SLAD (South Latin America Division) posted strong comparable sales growth, led by Argentina's rebound from prior economic instability and robust performance in Uruguay and Venezuela. Digital sales penetration in SLAD reached 70% in some markets, underscoring the effectiveness of ongoing digitalization efforts. Margin pressures and cost management: Rising food and packaging costs, particularly in Brazil, drove margin contraction, although management cited some relief from payroll expense efficiencies and positive royalty fee changes in other divisions. The company is prioritizing pricing adjustments and supplier negotiations to mitigate further cost headwinds. Management's outlook for the remainder of 2025 centers on digital engagement, disciplined pricing, and adaptation to shifting consumer spending patterns. Digital and loyalty expansion: Continued investment in digital platforms and the expansion of the MyMcDonald's loyalty program are expected to drive higher customer frequency and off-premise sales. Management aims to have the loyalty program active in all major markets by year-end, further increasing digital penetration. Margin stabilization strategies: Management plans to offset rising input costs through pricing actions aligned with inflation, improved supplier negotiations, and operational efficiencies, including enhanced scheduling systems. The company expects EBITDA margins to be broadly stable year-on-year, adjusted for prior-year payroll credits in Brazil. Macro and consumer headwinds: Leadership remains cautious about consumer spending, especially in Brazil and NOLAD, due to ongoing economic volatility. Management's strategy emphasizes protecting traffic through competitive pricing and promotions, with an eye on fixed cost leverage as sales volumes recover. In upcoming quarters, the StockStory team will watch closely for (1) sustained improvement in sales trends in Brazil and NOLAD as calendar effects normalize, (2) signs that margin stabilization efforts—such as pricing and supplier negotiations—are taking hold, and (3) continued momentum in digital and loyalty program adoption. The pace of restaurant openings and the ability to maintain cost discipline in a volatile macro environment will also be important indicators. Arcos Dorados currently trades at a forward price-to-sales ratio of 0.3×. Is the company at an inflection point that warrants a buy or sell? See for yourself in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Q1 Earnings Roundup: Wendy's (NASDAQ:WEN) And The Rest Of The Traditional Fast Food Segment
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how Wendy's (NASDAQ:WEN) and the rest of the traditional fast food stocks fared in Q1. Traditional fast-food restaurants are renowned for their speed and convenience, boasting menus filled with familiar and budget-friendly items. Their reputations for on-the-go consumption make them favored destinations for individuals and families needing a quick meal. This class of restaurants, however, is fighting the perception that their meals are unhealthy and made with inferior ingredients, a battle that's especially relevant today given the consumers increasing focus on health and wellness. The 14 traditional fast food stocks we track reported a slower Q1. As a group, revenues missed analysts' consensus estimates by 1.3% while next quarter's revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 1.5% on average since the latest earnings results. Founded by Dave Thomas in 1969, Wendy's (NASDAQ:WEN) is a renowned fast-food chain known for its fresh, never-frozen beef burgers, flavorful menu options, and commitment to quality. Wendy's reported revenues of $523.5 million, down 2.1% year on year. This print was in line with analysts' expectations, but overall, it was a slower quarter for the company with full-year EPS guidance missing analysts' expectations and a slight miss of analysts' same-store sales estimates. "We continued to deliver for our customers during the first quarter. In the U.S. we held both traffic and dollar share in a challenging consumer environment, and in our International business we grew systemwide sales by 8.9%," said Kirk Tanner, President and Chief Executive Officer. The stock is down 2.2% since reporting and currently trades at $12.22. Read our full report on Wendy's here, it's free. Started in 1992 by two brothers as a single pushcart, Dutch Bros (NYSE:BROS) is a dynamic coffee chain that's captured the hearts of coffee enthusiasts across the United States. Dutch Bros reported revenues of $355.2 million, up 29.1% year on year, outperforming analysts' expectations by 3%. The business had a strong quarter with a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' EPS estimates. Dutch Bros pulled off the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 21.5% since reporting. It currently trades at $71.81. Is now the time to buy Dutch Bros? Access our full analysis of the earnings results here, it's free. Translating to 'Golden Arches' in Spanish, Arcos Dorados (NYSE:ARCO) is the master franchisee of the McDonald's brand in Latin America and the Caribbean, responsible for its operations and growth in over 20 countries. Arcos Dorados reported revenues of $1.08 billion, flat year on year, falling short of analysts' expectations by 3.6%. It was a disappointing quarter as it posted a significant miss of analysts' same-store sales and EPS estimates. As expected, the stock is down 6.2% since the results and currently trades at $7.65. Read our full analysis of Arcos Dorados's results here. One of China's largest restaurant companies, Yum China (NYSE:YUMC) is an independent entity spun off from Yum! Brands in 2016. Yum China reported revenues of $2.98 billion, flat year on year. This print lagged analysts' expectations by 3.7%. Overall, it was a softer quarter as it also logged a miss of analysts' EBITDA estimates and a slight miss of analysts' EPS estimates. Yum China had the weakest performance against analyst estimates among its peers. The stock is down 4.3% since reporting and currently trades at $44.66. Read our full, actionable report on Yum China here, it's free. Delighting customers since its inception in 1951, Jack in the Box (NASDAQ:JACK) is a distinctive fast-food chain known for its bold flavors, innovative menu items, and quirky marketing. Jack in the Box reported revenues of $336.7 million, down 7.8% year on year. This number missed analysts' expectations by 1.4%. Overall, it was a slower quarter as it also produced a slight miss of analysts' same-store sales estimates. The stock is down 13.7% since reporting and currently trades at $22.16. Read our full, actionable report on Jack in the Box here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. 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