Arcos Dorados: Reports Q4-2023 Strong Comparable Sales

Montevideo / UY. (arc) Arcos Dorados Holdings Inc., Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, reported its systemwide comparable sales growth for Q4 and full year ended December 31, 2023, ahead of its quarterly earnings announcement planned for March 2024. The Company also provided guidance for restaurant openings and capital expenditures 2024.

(Table: Arcos Dorados Holdings Inc.)20240129-ARCOS-DORADOS-Q4-2023

«We had a solid finish to a very strong year. Our 3D Strategy of Digital, Delivery and Drive- thru continues to evolve and leverages the Latin American quick service restaurant industry’s largest free-standing restaurant portfolio. Digital channels drove sales growth all year and represented 53 percent of Arcos Dorados’ systemwide sales in the fourth quarter. Our mobile app has evolved into an e-commerce platform. It allows us to engage with guests to learn their consumption preferences and provide the most compelling value, experience and convenience in the industry. The result was an increase in visit frequency and market share gains across our markets. Growth in Loyalty Program membership, which exceeded three million members at the end of 2023, is just the latest indicator that guests are «Lovin’ It» when it comes to the McDonald’s experience in Latin America and the Caribbean,» says CEO Marcelo Rabach.

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