Arcos Dorados (NYSE:ARCO) Reports Q3 In Line With Expectations

StockStory11-13 20:51

Arcos Dorados (NYSE:ARCO) Reports Q3 In Line With Expectations Fast-food chain Arcos Dorados (NYSE:ARCO) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $...

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Its GAAP profit of $0.17 per share was 5.3% above analysts’ consensus estimates.Is now the time to buy Arcos Dorados?EBITDA: $125 million vs analyst estimates of $117 million . Gross Margin : 14.3%, in line with the same quarter last year. EBITDA Margin: 11%, in line with the same quarter last year. Same-Store Sales rose 32.1% year on year, in line with the same quarter last year. Translating to “Golden Arches” in Spanish, Arcos Dorados  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.Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known  semiconductor stock benefitti","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4209":"餐馆","ARCO":"Arcos Dorados Holdings","NYSE":"纽交所"},"translate_title":"Arcos Dorados（纽约证券交易所股票代码：ARCO）第三季度报告符合预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARCO":1,"NYSE":1},"content_text":"Arcos Dorados (NYSE:ARCO) Reports Q3 In Line With Expectations \n \n\nFast-food chain Arcos Dorados (NYSE:ARCO) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $1.13 billion. Its GAAP profit of $0.17 per share was 5.3% above analysts’ consensus estimates. \nIs now the time to buy Arcos Dorados? Find out in our full research report.\n\nArcos Dorados (ARCO) Q3 CY2024 Highlights:\n\nRevenue: $1.13 billion vs analyst estimates of $1.13 billion (in line)\nEPS (GAAP): $0.17 vs analyst estimates of $0.16 (beat by $0.01)\nEBITDA: $125 million vs analyst estimates of $117 million (6.8% beat)\nGross Margin (GAAP): 14.3%, in line with the same quarter last year\nOperating Margin: 7%, down from 8.1% in the same quarter last year\nEBITDA Margin: 11%, in line with the same quarter last year\nLocations: 2,410 at quarter end, up from 2,339 in the same quarter last year\nSame-Store Sales rose 32.1% year on year, in line with the same quarter last year\nMarket Capitalization: $1.77 billion\n\n\nCompany Overview\nTranslating 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.\nTraditional Fast Food\nTraditional 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. \nSales Growth\nA company’s long-term performance is an indicator of its overall business quality. While any business can experience short-term success, top-performing ones enjoy sustained growth for multiple years. \nArcos Dorados is one of the larger restaurant chains in the industry and benefits from a well-known brand that influences consumer purchasing decisions. \n As you can see below, Arcos Dorados grew its sales at a decent 8.8% compounded annual growth rate over the last five years (we compare to 2019 to normalize for COVID-19 impacts) as it opened new restaurants and increased sales at existing, established dining locations. \n\nThis quarter, Arcos Dorados’s $1.13 billion of revenue was flat year on year and in line with Wall Street’s estimates. \nWe also like to judge companies based on their projected revenue growth, but not enough Wall Street analysts cover the company for it to have reliable consensus estimates. \nUnless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.\nRestaurant Performance\nNumber of Restaurants\nA restaurant chain’s total number of dining locations influences how much it can sell and how quickly revenue can grow. \nArcos Dorados operated 2,410 locations in the latest quarter. It has opened new restaurants quickly over the last two years and averaged 2.3% annual growth, faster than the broader restaurant sector. \n When a chain opens new restaurants, it usually means it’s investing for growth because there’s healthy demand for its meals and there are markets where the concept has few or no locations. \n\nSame-Store Sales\nThe change in a company's restaurant base only tells one side of the story. The other is the performance of its existing locations, which informs management teams whether they should expand or downsize their physical footprints. Same-store sales gives us insight into this topic because it measures organic growth for restaurants open for at least a year. \nArcos Dorados has been one of the most successful restaurant chains over the last two years thanks to skyrocketing demand within its existing dining locations. On average, the company has posted exceptional year-on-year same-store sales growth of 33.9%. This performance suggests its rollout of new restaurants is beneficial for shareholders. We like this backdrop because it gives Arcos Dorados multiple ways to win: revenue growth can come from new restaurants or increased foot traffic and higher sales per customer at existing locations. \n\nIn the latest quarter, Arcos Dorados’s same-store sales rose 32.1% annually. This performance was more or less in line with the same quarter last year. \nKey Takeaways from Arcos Dorados’s Q3 Results\nWe were impressed by how significantly Arcos Dorados blew past analysts’ EBITDA expectations this quarter. We were also happy its revenue narrowly outperformed Wall Street’s estimates. Zooming out, we think this was a solid quarter. The stock traded up 4% to $8.75 immediately following the results. \nSure, Arcos Dorados had a solid quarter, but if we look at the bigger picture, is this stock a buy? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483488823"}