Arcos Dorados Holdings (ARCO) said Thursday that it renewed its master franchise agreement with McDonald's (MCD) for the next 20 years.
The deal, which went into effect Wednesday, includes royalty fees to McDonald's of 6.0% for the first 10 years, 6.25% for the next five years, and 6.5% for the last five years, the company said.
The new deal includes a renewal option for a new, 20-year deal beginning 2045, the company added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments