Arcos Dorados Holdings Stock (NYSE: ARCO)

Arcos Dorados Holdings Stock (NYSE:ARCO), Trade Ideas

Arcos Dorados Holdings

Arcos Dorados Holdings Inc operates McDonald's-branded restaurants in approximately 20 countries and territories in Latin America and the Caribbean. It functions through two sources which include company-operated restaurants and franchised restaurants segment. Their menu includes hamburgers, McNuggets, salad, sandwiches, french fries and others.

fast food ai

Latin America

Restaurants

ARCO

Arcos Dorados Holdings (NYSE: ARCO) reports Q4 earnings miss despite strong sales, plans to open 80-90 new restaurants in 2024.

Why Arcos Dorados Shares Are Plunging Today

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U.S. stocks were mixed, with the Dow Jones index surging more than 100 points on Wednesday.

Dollar Tree Reports Weak Earnings, Joins Tesla, Arcos Dorados And Other Big Stocks Moving Lower On Wednesday

Earnings

General

SBUX

WING

Shares of Starbucks Corporation (NASDAQ: SBUX) have declined 10.7% in the past year against the industry&#39;s 7.7% growth. The company&#39;s performance is likely to have been hurt by ongoing inflationary pressure. Its ingredients are witnessing a price hike in the last few quarters.

Starbucks (SBUX) Down 11% in a Year: Can It Revive in 2024?

Arcos Dorados Holdings Inc. Class A Shares

Arcos Dorados Holdings Inc

Arcona

Arco Platform Ltd

Arcosa Inc

Arcos Dorados Holdings Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading lower on Wednesday.</a>
The company reported fourth earnings per share of 26 cents,&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">which missed the street view of 31 cents.&nbsp;</a>
Quarterly sales of 1.176 billion outpaced the analyst consensus of $1.150 billion. Sales <a href="https://www.benzinga.com/pressreleases/24/03/b37650950/arcos-dorados-reports-strong-fourth-quarter-and-full-year-2023-financial-results">rose 15.4% year over year.</a>
Systemwide comparable sales increased 32.4%, with higher guest traffic and average check driving at or above-inflation growth in all divisions.
Consolidated adjusted EBITDA reached $132.6 million, the company&#8217;s highest quarterly result, rising 16.3% year over year.
Consolidated Adjusted EBITDA margin was 11.3%, rising 10 basis points year over year.
Arcos Dorados opened 36 restaurants in the quarter, including 31 free-standings locations and 18 new restaurants in Brazil.
&#8220;We are just getting started with the Three D&#8217;s strategy driving sustainable sales growth, supported by restaurant volume and average check,&#8221; said CEO Marcelo Rabach. 
&#8220;Our objective is to deliver above inflation growth in systemwide comparable sales to then drive operating leverage and profitability growth over time,&#8221; Rabach added.
Arcos Dorados plans to open 80 to 90 restaurants in 2024, comprised of about 90% free-standing units.&nbsp;
The company projects total capital expenditures of $300 million<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">&nbsp;to $350 million for the full year 2024.</a>
ARCO Price Action:&nbsp;Arcos Dorados shares are trading lower by 4.81% to $11.38 on last check Wednesday.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/03/37666956/why-plug-power-shares-are-slumping-today">Why Plug Power Shares Are Slumping Today</a>
The image was generated using artificial intelligence MidJourney

WIIM

Arcos Dorados shares are trading lower following mixed Q4 earnings.

U.S. stocks were mixed, with the Dow Jones index surging more than 100 points on Wednesday.
Shares of Dollar Tree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dltr#NASDAQ">DLTR</a>) fell sharply during Wednesday&rsquo;s session after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter <a href="https://www.benzinga.com/news/earnings/24/03/37655884/why-discount-store-chain-dollar-tree-shares-are-plunging-today">EPS guidance below estimates</a>.
Dollar Tree reported fourth-quarter FY23 sales growth of 11.9% year-on-year to $8.63 billion, missing the analyst consensus estimate of $8.67 billion. Adjusted EPS of $2.55 missed the consensus estimate of $2.65, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Dollar Tree shares dipped 14.5% to $128.00 on Wednesday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>NaaS Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/naas#NASDAQ">NAAS</a>) declined 20.1% to $1.19 after the company announced a $6 million registered direct offering.</li>
<li>Comtech Telecommunications Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmtl#NASDAQ">CMTL</a>) dipped 19% to $4.6599. Comtech named John Ratigan as Interim Chief Executive Officer.</li>
<li>loanDepot, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ldi#NYSE">LDI</a>) dipped 15.9% to $2.1350 following weak quarterly results.</li>
<li>Rackspace Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rxt#NASDAQ">RXT</a>) tumbled 13.3% to $1.9150 after the company issued first-quarter guidance below estimates. The company also announced refinancing transactions.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zim#NYSE">ZIM</a>) dipped 12.4% to $10.22 following weak quarterly sales.</li>
<li>Neumora Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmra#NASDAQ">NMRA</a>) fell 12.2% to $15.24.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tvgn#NASDAQ">TVGN</a>) dipped 8.8% to $6.09.</li>
<li>ADC Therapeutics SA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adct#NASDAQ">ADCT</a>) fell 8.8% to $4.06 following quarterly results.</li>
<li>Solowin Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swin#NASDAQ">SWIN</a>) declined 8.6% to $26.61.</li>
<li>Arcos Dorados Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arco#NYSE">ARCO</a>) dipped 8.4% to $10.95 following downbeat quarterly earnings.</li>
<li>Ichor Holdings, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ichr#NASDAQ">ICHR</a>) fell 8% to $39.27 after announcing a $125 million public offering of ordinary shares.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) fell 5.4% to $1.06.</li>
<li>Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) shares declined 2.4% to $173.22 after Wells Fargo downgraded the stock from Equal-Weight to Underweight and lowered its price target from $200 to $125.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/03/37657561/nvidia-to-rally-around-20-here-are-10-top-analyst-forecasts-for-wednesday"> NVIDIA To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Wednesday </a>

Guidance

Arcos Dorados Reiterates Its Plans To Open 80 To 90 Restaurants In 2024, Comprised Of About 90% Free-standing Units. The Company Projects Total Capital Expenditures Of $300M-$350M For 2024

Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) reported quarterly earnings of $0.26 per share which missed the analyst consensus estimate of $0.31 by 16.13 percent. This is unchanged from the same period last year. The company reported quarterly sales of $1.18 billion which beat the analyst consensus estimate of $1.15 billion by 2.21 percent. This is a 16.04 percent increase over sales of $1.01 billion the same period last year.

Arcos Dorados Holdings Q4 GAAP EPS $0.26 Misses $0.31 Estimate, Sales $1.18B Beat $1.15B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Sangamo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) is likely to report quarterly loss at $0.26 per share on revenue of $8.10 million.
&bull; Silence Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLN#NASDAQ">SLN</a>) is expected to report earnings for its fourth quarter.
&bull; Optical Cable (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCC#NASDAQ">OCC</a>) is likely to report earnings for its first quarter.
&bull; Perma-Fix Envirn Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PESI#NASDAQ">PESI</a>) is likely to report quarterly earnings at $0.06 per share on revenue of $22.50 million.
&bull; Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) is estimated to report quarterly earnings at $2.65 per share on revenue of $8.67 billion.
&bull; Magic Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGIC#NASDAQ">MGIC</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $117.50 million.
&bull; Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is estimated to report quarterly earnings at $0.02 per share on revenue of $1.62 billion.
&bull; iShares $ Corp Bond UCITS ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) is estimated to report quarterly loss at $0.23 per share on revenue of $4.73 million.
&bull; Aadi Bioscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AADI#NASDAQ">AADI</a>) is estimated to report quarterly loss at $0.65 per share on revenue of $6.29 million.
&bull; Moolec Science (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) is likely to report quarterly loss at $0.07 per share on revenue of $600 thousand.
&bull; ADC Therapeutics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADCT#NYSE">ADCT</a>) is likely to report quarterly loss at $0.50 per share on revenue of $15.33 million.
&bull; Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $118.00 million.
&bull; iSpecimen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPC#NASDAQ">ISPC</a>) is expected to report quarterly loss at $0.24 per share on revenue of $3.04 million.
&bull; WideOpenWest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOW#NYSE">WOW</a>) is projected to report quarterly loss at $0.01 per share on revenue of $170.57 million.
&bull; Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is estimated to report earnings for its fourth quarter.
&bull; Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is expected to report quarterly earnings at $0.31 per share on revenue of $1.15 billion.
&bull; ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) is estimated to report quarterly loss at $1.29 per share on revenue of $1.28 billion.
&bull; ProFrac Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACDC#NASDAQ">ACDC</a>) is projected to report quarterly earnings at $0.02 per share on revenue of $594.97 million.
&bull; Sharecare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHCR#NASDAQ">SHCR</a>) is likely to report quarterly loss at $0.06 per share on revenue of $114.99 million.
&bull; Village Farms Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>) is likely to report quarterly loss at $0.02 per share on revenue of $69.79 million.
&bull; Vera Bradley (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRA#NASDAQ">VRA</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $136.05 million.
&bull; Global Indemnity Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBLI#NYSE">GBLI</a>) is likely to report quarterly earnings at $0.54 per share on revenue of $141.00 million.
<h3>Companies Reporting After The Bell</h3>
&bull; i-80 Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#AMEX">IAUX</a>) is estimated to report earnings for its fourth quarter.
&bull; RCM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCMT#NASDAQ">RCMT</a>) is expected to report quarterly earnings at $0.62 per share on revenue of $72.29 million.
&bull; Adams Resources &amp; Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AE#AMEX">AE</a>) is projected to report quarterly loss at $0.08 per share on revenue of $678.36 million.
&bull; Coherus BioSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRS#NASDAQ">CHRS</a>) is projected to report quarterly loss at $0.12 per share on revenue of $96.40 million.
&bull; Profire Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIE#NASDAQ">PFIE</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $14.61 million.
&bull; Jowell Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $228.53 million.
&bull; MorphoSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOR#NASDAQ">MOR</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $67.89 million.
&bull; North American (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOA#NYSE">NOA</a>) is likely to report quarterly earnings at $0.74 per share on revenue of $248.81 million.
&bull; Pangaea Logistics Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANL#NASDAQ">PANL</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $140.16 million.
&bull; Quoin Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QNRX#NASDAQ">QNRX</a>) is likely to report earnings for its fourth quarter.
&bull; VAALCO Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGY#NYSE">EGY</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $129.06 million.
&bull; SuRo Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSSS#NASDAQ">SSSS</a>) is projected to report quarterly loss at $0.14 per share on revenue of $1.10 million.
&bull; scPharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCPH#NASDAQ">SCPH</a>) is projected to report quarterly loss at $0.42 per share on revenue of $5.52 million.
&bull; NextNav (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) is estimated to report quarterly loss at $0.14 per share on revenue of $1.19 million.
&bull; Hallador Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNRG#NASDAQ">HNRG</a>) is projected to report quarterly earnings at $0.29 per share on revenue of $199.20 million.
&bull; Spero Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRO#NASDAQ">SPRO</a>) is projected to report quarterly loss at $0.10 per share on revenue of $18.63 million.
&bull; Fossil Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOSL#NASDAQ">FOSL</a>) is likely to report earnings for its fourth quarter.
&bull; electroCore (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECOR#NASDAQ">ECOR</a>) is likely to report quarterly loss at $0.61 per share on revenue of $4.97 million.
&bull; OPAL Fuels (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPAL#NASDAQ">OPAL</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $88.52 million.
&bull; Limbach Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMB#NASDAQ">LMB</a>) is estimated to report quarterly earnings at $0.40 per share on revenue of $129.37 million.
&bull; Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) is estimated to report quarterly earnings at $2.20 per share on revenue of $7.39 billion.
&bull; Superior Gr of Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGC#NASDAQ">SGC</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $142.86 million.
&bull; Turtle Beach (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEAR#NASDAQ">HEAR</a>) is estimated to report quarterly earnings at $0.60 per share on revenue of $111.60 million.
&bull; Cue Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLTH#NASDAQ">HLTH</a>) is likely to report quarterly loss at $0.44 per share on revenue of $17.68 million.
&bull; Navigator Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVGS#NYSE">NVGS</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $130.76 million.
&bull; GrowGeneration (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>) is likely to report quarterly loss at $0.13 per share on revenue of $45.52 million.
&bull; Anika Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANIK#NASDAQ">ANIK</a>) is expected to report quarterly loss at $0.26 per share on revenue of $41.40 million.
&bull; FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $23.12 million.
&bull; BGSF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BGSF#NYSE">BGSF</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $75.05 million.
&bull; Boxlight (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOXL#NASDAQ">BOXL</a>) is expected to report quarterly loss at $0.63 per share on revenue of $36.55 million.
&bull; SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) is projected to report quarterly loss at $0.04 per share on revenue of $169.53 million.
&bull; Gold Resource (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GORO#AMEX">GORO</a>) is projected to report quarterly loss at $0.09 per share on revenue of $18.95 million.
&bull; Logan Ridge Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRFC#NASDAQ">LRFC</a>) is likely to report quarterly earnings at $0.50 per share on revenue of $5.00 million.
&bull; KORU Medical Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRMD#NASDAQ">KRMD</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $6.94 million.
&bull; Portman Ridge Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTMN#NASDAQ">PTMN</a>) is likely to report quarterly earnings at $0.79 per share on revenue of $19.04 million.
&bull; ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) is likely to report quarterly loss at $0.11 per share on revenue of $3.54 million.
&bull; UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is estimated to report quarterly earnings at $0.16 per share on revenue of $383.83 million.
&bull; Vroom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) is projected to report quarterly loss at $29.60 per share on revenue of $232.00 million.
&bull; Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) is projected to report earnings for its third quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

AADI

ACDC

ANIK

BGSF

BOXL

CHRS

ECOR

FOSL

FTCI

GBLI

GORO

GRWG

HEAR

HLTH

HNRG

IAUX

ISPC

JWEL

KRMD

LQDA

LRFC

MGIC

MLEC

Morgan Stanley Capital Protected Notes for S&P 500 Index

NVGS

OPAL

OPTT

PANL

PATH

PESI

PFIE

PTMN

QNRX

RCMT

SCPH

SGMO

SHCR

SPRO

SSSS

TOUR

WOOF

Earnings Scheduled For March 13, 2024

Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-03-13. Here's what investors need to know before the announcement.
Analysts estimate that Arcos Dorados Holdings will report an earnings per share (EPS) of $0.31. 
Arcos Dorados Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.07, which was followed by a 1.31% drop in the share price the next day.
Here's a look at Arcos Dorados Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.21</td>
<td>0.14</td>
<td>0.13</td>
<td>0.23</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.28</td>
<td>0.13</td>
<td>0.18</td>
<td>0.26</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>0.0%</td>
<td>0.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710255649_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Arcos Dorados Holdings were trading at $11.53 as of March 11. Over the last 52-week period, shares are up 49.3%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ARCO/earnings">To track all earnings releases for Arcos Dorados Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Arcos Dorados Holdings

Arcos Dorados Expects 2024 Total Capital Expenditures To Be $300M-$350M, To Open 80-90 Restaurants

Arcos Dorados Reports Q4 Systemwide Comparable Sales Growth Of 32.4%; Total Revenue Up 15.4% Y/Y

Shares of Starbucks Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) have declined 10.7% in the past year against the industry&#39;s 7.7% growth. The company&#39;s performance is likely to have been hurt by ongoing inflationary pressure. Its ingredients are witnessing a price hike in the last few quarters.
However, the Zacks Rank #3 (Hold) company&#39;s sales and earnings in fiscal 2024 are likely to witness a gain of 10% and 17%, respectively. In the past 60 days, earnings estimates for fiscal 2024 have witnessed an upward revision of 0.7% to $4.14 per share.
Let&#39;s delve into the factors likely to drive SBUX&#39;s performance in 2024.
<h3>Growth Drivers</h3>
Starbucks is likely to benefit from expansion efforts. In fiscal 2019, 2020, 2021 and 2022, it added 1,900, 1,400, 1,173 and 1,120 net new stores, respectively. In the first, second, third and fourth quarters of fiscal 2023, Starbucks opened 459, 464, 588 and 816 net new stores worldwide, respectively. This resulted in 2,327 net new stores in fiscal 2023, bringing the total global store count to a record of 38,038 stores.
For fiscal 2024, SBUX expects store count in the United States and China to grow approximately 4% and 13%, respectively, on a year-over-year basis. Management projects global store growth to be approximately 7%. Capital expenditures in fiscal 2024 are estimated to be approximately $3 billion.
Starbucks is strengthening its product portfolio with significant innovation around beverages, refreshments, health and wellness, tea and core food offerings. It is leaning toward fast-growing categories like Cold Brew, Draft Nitro beverages, and plant-based modifiers, including almond, coconut and soy milk alternatives. Apart from the numerous beverage innovations, Starbucks has also been making an effort to offer more nutritional and healthy products to its customers.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a6/58717.jpg?v=1741959493" /> 
Image Source: Zacks Investment Research
Along with menu innovation, the company indulges in other investments that reduce manual labor and increase efficiency. During fourth-quarter fiscal 2023 earnings, Starbucks mentioned its focus on certain upgrades in its stores. To support the growing demand for cold beverages, it delivered more than 550 new Nugget ice machines and is on track to install the same in its most ice-constrained stores in fiscal 2024.
Furthermore, its single-cup brewer, Clover Vertica, is now installed in more than 600 stores across the United States. Also, the rollout of Siren System cold and food stations is moving forward as planned, especially to new stores and renovation locations.
For fiscal 2024, management anticipates global comparable sales to reach 5-7% target range. Consolidated revenues are anticipated to be in the low end of the 10-12% range on a year-over-year basis. SBUX estimates non-GAAP earnings per share (ETF:EPS) growth in the 15-20% band.
<h3>Key Picks</h3>
Below we present some better-ranked stocks from the Zacks Retail-Wholesale sector.
Arcos Dorados Holdings Inc. ARCO sports a Zacks Rank #1 (Strong Buy) at present. It has a trailing four-quarter earnings surprise of 28.3%, on average. Shares of ARCO have jumped 53.2% in the past year.
The Zacks Consensus Estimate for ARCO&#39;s 2024 sales and&nbsp; EPS indicates 10.6% and 15.5% growth, respectively, from the year-ago levels.
Brinker International, Inc. EAT currently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 223.6%, on average. Shares of EAT have gained 18.8% in the past year.
The Zacks Consensus Estimate for EAT&#39;s 2024 sales and EPS implies 5.1% and 26.2% growth, respectively, from the year-earlier numbers.
Wingstop Inc. WING presently carries a Zacks Rank #2. It has a trailing four-quarter earnings surprise of 28.9%, on average. The stock has risen 83.6% in the past year.
The Zacks Consensus Estimate for WING&#39;s 2024 sales and EPS suggests 15.8% and 18.2% growth, respectively, from the prior-year actuals.
&nbsp;
<a href="https://www.zacks.com/stock/news/2205612/starbucks-sbux-down-11-in-a-year-can-it-revive-in-2024?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2205612">To read this article on Zacks.com click here.</a>
&nbsp;

Jefferies analyst Pedro Baptista initiates coverage on Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) with a Buy rating and announces Price Target of $15.

Price Target

Initiation

Analyst Ratings

Jefferies Initiates Coverage On Arcos Dorados Holdings with Buy Rating, Announces Price Target of $15

<h3>Gainers</h3>
<ul>
<li>Sonos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONO#NASDAQ">SONO</a>) shares rose 17.0% to $13.28 during Thursday's regular session. As of 12:30 EST, Sonos's stock is trading at a volume of 7.6 million, which is 395.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.7 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Jowell Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) stock increased by 13.24% to $1.77. As of 12:30 EST, Jowell Global's stock is trading at a volume of 666.6K, which is 7465.2% of its average full-day volume over the last 100 days. The company's market cap stands at $3.7 million. </li>
<li>Universal Technical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTI#NYSE">UTI</a>) stock increased by 13.0% to $10.95. As of 12:30 EST, Universal Technical's stock is trading at a volume of 286.1K, which is 308.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $373.0 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Lulus Fashion Lounge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVLU#NASDAQ">LVLU</a>) shares moved upwards by 12.9% to $1.75. As of 12:30 EST, Lulus Fashion Lounge's stock is trading at a volume of 52.3K, which is 157.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $70.8 million. </li>
<li>XWELL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XWEL#NASDAQ">XWEL</a>) stock rose 11.0% to $1.82. The company's market cap stands at $7.5 million. </li>
<li>Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) shares increased by 7.63% to $11.35. Trading volume for this security as of 12:30 EST is 1.5 million, which is 180.4% of its average full-day volume over the last 100 days. The company's market cap stands at $2.3 billion. As per the news, the Q3 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) stock declined by 64.4% to $0.23 during Thursday's regular session. Trading volume for Volcon's stock is 6.8 million as of 12:30 EST. This is 10820.5% of its average full-day volume over the last 100 days. The company's market cap stands at $1.5 million. </li>
<li>Children's Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) shares decreased by 26.27% to $21.06. As of 12:30 EST, this security is trading at a volume of 1.9 million shares, making up 397.7% of its average full-day volume over the last 100 days. The company's market cap stands at $262.8 million. As per the news, the Q3 earnings report came out today. </li>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) stock decreased by 18.18% to $0.55. As of 12:30 EST, this security is trading at a volume of 8.6 million shares, making up 155.6% of its average full-day volume over the last 100 days. The company's market cap stands at $16.5 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>Cazoo Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) shares decreased by 17.78% to $0.22. Cazoo Gr's stock is trading at a volume of 477.2K shares as of 12:30 EST. This is 275.4% of its average full-day volume over the last 100 days. The company's market cap stands at $8.5 million. </li>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) stock declined by 16.35% to $0.5. The current volume of 616.7K shares is 167.3% of MGO Global's average full-day volume over the last 100 days (last updated at 12:30 EST). The company's market cap stands at $7.1 million. As per the press release, Q3 earnings came out 2 days ago. </li>
<li>Luminar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) shares decreased by 14.42% to $2.85. As of 12:30 EST, Luminar Technologies's stock is trading at a volume of 5.1 million, which is 102.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session

Arcos Dorados shares are trading higher after the company reported better-than-expected Q3 financial results.

U.S. stocks traded mixed, with the Dow Jones falling around 30 points on Thursday.
Shares of Sonos, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sono#NASDAQ">SONO</a>) shares climbed during Thursday&rsquo;s session following upbeat <a href="https://www.benzinga.com/quote/SONO/earnings">fourth-quarter results</a>.
Sonos posted an adjusted loss of 7 cents per share, compared to market estimates for a loss of 18 cents per share. The company&rsquo;s quarterly sales came in at $305.10 million, versus estimates of $299.40 million.
Sonos shares jumped 13.2% to $12.85 on Thursday.
Here are some big stocks recording gains in today&rsquo;s session.
Universal Technical Institute, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uti#NYSE">UTI</a>) gained 11.7% to $10.83 following strong quarterly sales.
NICE Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nice#NASDAQ">NICE</a>) surged 8.6% to $194.52 after the company reported third-quarter results.
Lavoro Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lvro#NASDAQ">LVRO</a>) gained 8.5% to $6.75.
Gyre Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gyre#NASDAQ">GYRE</a>) rose 8.4% to $13.41.
Ramaco Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/metcb#NASDAQ">METCB</a>) gained 8.2% to $15.17. The company recently posted third-quarter results.
Macy&#39;s, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/m#NYSE">M</a>) surged 7.4% to $13.55 after it reported third-quarter FY23 earnings.
Kulicke and Soffa Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klic#NASDAQ">KLIC</a>) gained 7% to $50.05 after the company posted upbeat fourth-quarter results and raised its quarterly dividend.
Arcos Dorados Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arco#NYSE">ARCO</a>) jumped 6.8% to $11.26 following strong quarterly results, according to data <a href="https://benzinga.grsm.io/news1865">from Benzinga Pro.</a>
Now Read This: <a href="https://www.benzinga.com/news/23/11/35825394/intel-to-rally-over-23-here-are-10-top-analyst-forecasts-for-thursday"> Intel To Rally Over 23%? Here Are 10 Top Analyst Forecasts For Thursday </a>

GYRE

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Ramaco Resources, Inc. - Class B Common Stock

METCB

NICE

Sonos Reports Upbeat Results, Joins Macy's, NICE And Other Big Stocks Moving Higher On Thursday

Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.21 by 33.33 percent. This is a 27.27 percent increase over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $1.13 billion which beat the analyst consensus estimate of $1.11 billion by 1.35 percent. This is a 22.06 percent increase over sales of $921.70 million the same period last year.

Arcos Dorados Holdings Q3 EPS $0.28 Beats $0.21 Estimate, Sales $1.13B Beat $1.11B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Children&#39;s Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) is projected to report quarterly earnings at $3.56 per share on revenue of $471.82 million.
&bull; Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $11.90 million.
&bull; Borr Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BORR#NYSE">BORR</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $191.00 million.
&bull; Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $328.26 million.
&bull; Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $340.92 million.
&bull; Alibaba Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is estimated to report quarterly earnings at $2.12 per share on revenue of $30.79 billion.
&bull; Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) is estimated to report quarterly loss at $0.66 per share on revenue of $315.88 million.
&bull; Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is expected to report quarterly earnings at $1.41 per share on revenue of $149.82 billion.
&bull; BrightView Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $746.78 million.
&bull; Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $2.19 billion.
&bull; NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) is expected to report quarterly earnings at $1.45 per share on revenue of $3.81 billion.
&bull; Youdao (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) is projected to report quarterly loss at $0.07 per share on revenue of $229.45 million.
&bull; Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $1.56 billion.
&bull; Stratasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $162.54 million.
&bull; Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) is likely to report quarterly loss at $0.27 per share on revenue of $23.13 million.
&bull; OneWater Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEW#NASDAQ">ONEW</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $416.40 million.
&bull; Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is estimated to report earnings for its third quarter.
&bull; Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) is estimated to report earnings for its third quarter.
&bull; Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) is likely to report earnings for its third quarter.
&bull; Dingdong (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDL#NYSE">DDL</a>) is estimated to report earnings for its third quarter.
&bull; Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $1.11 billion.
&bull; Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $1.58 billion.
&bull; Macy&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $4.79 billion.
&bull; NICE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $595.19 million.
&bull; Berry Global Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>) is estimated to report quarterly earnings at $2.11 per share on revenue of $3.15 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Globus Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBS#NASDAQ">GLBS</a>) is projected to report earnings for its third quarter.
&bull; Zenvia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) is estimated to report earnings for its third quarter.
&bull; Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $990.66 million.
&bull; Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) is likely to report quarterly earnings at $1.48 per share on revenue of $544.65 million.
&bull; Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) is estimated to report quarterly earnings at $1.12 per share on revenue of $164.13 million.
&bull; American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $28.00 million.
&bull; Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $569.27 million.
&bull; voxeljet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VJET#NASDAQ">VJET</a>) is expected to report quarterly loss at $0.48 per share on revenue of $6.51 million.
&bull; Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) is expected to report quarterly earnings at $1.88 per share on revenue of $6.14 billion.
&bull; Woodward (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $765.35 million.
&bull; Post Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>) is expected to report quarterly earnings at $1.18 per share on revenue of $1.92 billion.
&bull; Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) is likely to report quarterly earnings at $0.90 per share on revenue of $483.00 million.
&bull; Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $285.00 million.
&bull; Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) is projected to report earnings for its third quarter.
&bull; Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is estimated to report quarterly earnings at $1.21 per share on revenue of $4.82 billion.
&bull; Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) is projected to report earnings for its fourth quarter.
&bull; ESCO Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESE#NYSE">ESE</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $266.27 million.
&bull; Beazer Homes USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) is likely to report quarterly earnings at $1.39 per share on revenue of $627.29 million.
&bull; Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $3.61 billion.
&bull; Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $290.20 million.
&bull; UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is projected to report quarterly loss at $0.06 per share on revenue of $1.92 billion.
&bull; ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $1.36 billion.
&bull; PagSeguro Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGS#NYSE">PAGS</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $791.87 million.
&bull; Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $231.26 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For November 16, 2023

Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is set to give its latest quarterly earnings report on Thursday, 2023-11-16. Here's what investors need to know before the announcement.
Analysts estimate that Arcos Dorados Holdings will report an earnings per share (EPS) of $0.21. 
Arcos Dorados Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.01, which was followed by a 0.2% increase in the share price the next day.
Here's a look at Arcos Dorados Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.14</td>
<td>0.13</td>
<td>0.23</td>
<td>0.11</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.13</td>
<td>0.18</td>
<td>0.26</td>
<td>0.22</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.2%</td>
<td>0.33%</td>
<td>1.4%</td>
<td>4.16%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1700060497_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Arcos Dorados Holdings were trading at $10.1 as of November 14. Over the last 52-week period, shares are up 35.29%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/ARCO/earnings">To track all earnings releases for Arcos Dorados Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Arcos Dorados Holdings's Earnings Outlook

Rumors

Watching Arcos Dorados; Hearing Traders Circulate A Popular Micro-Stock Newsletter, Picks Stock

<h3>Gainers</h3>
<ul>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) stock rose 16.2% to $2.08 during Wednesday's pre-market session. The market value of their outstanding shares is at $37.2 million. </li>
<li>QuantaSing Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) shares rose 13.63% to $2.5. The market value of their outstanding shares is at $138.0 million. </li>
<li>JX Luxventure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JXJT#NASDAQ">JXJT</a>) stock moved upwards by 8.19% to $1.3. The company's market cap stands at $7.8 million. </li>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares increased by 7.94% to $0.77. The market value of their outstanding shares is at $2.0 million. </li>
<li>Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) stock rose 6.32% to $9.75. The company's market cap stands at $2.0 billion. </li>
<li>Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPR#NYSE">EXPR</a>) shares increased by 5.65% to $8.41. The company's market cap stands at $31.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) stock declined by 27.6% to $1.78 during Wednesday's pre-market session. The market value of their outstanding shares is at $38.1 million. </li>
<li>SIGNA Sports United (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSU#NYSE">SSU</a>) shares fell 11.25% to $0.28. The market value of their outstanding shares is at $110.3 million. </li>
<li>Singing Machine Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MICS#NASDAQ">MICS</a>) shares fell 7.62% to $0.97. The company's market cap stands at $4.0 million. </li>
<li>a.k.a. Brands Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKA#NYSE">AKA</a>) shares declined by 6.86% to $0.38. The market value of their outstanding shares is at $48.9 million. </li>
<li>Amesite (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMST#NASDAQ">AMST</a>) stock declined by 3.87% to $2.37. The company's market cap stands at $6.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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GNLN

JXJT

MICS

11 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

U.S. stock futures traded higher this morning on Wednesday. Here are some big stocks recording gains in today&rsquo;s pre-market trading session.
<ul>
<li>Apellis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) shares jumped 29.3% to $39.77 in pre-market trading after the company said events of retinal vasculitis in treatment with SYFOVRE were rare, with an estimated real-world rate of 0.01% per injection.</li>
<li>iTeos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itos#NASDAQ">ITOS</a>) climbed 23.6% to $14.52 in pre-market trading. ITeos Therapeutics recently reported a loss for the second quarter.</li>
<li>Arcus Biosciences, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rcus#NYSE">RCUS</a>) shares gained 22.1% to $22.97 in pre-market trading. Arcus Biosciences recently posted downbeat quarterly results.</li>
<li>Hitek Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hkit#NASDAQ">HKIT</a>) shares rose 13.3% to $31.50 in pre-market trading after jumping 24% on Tuesday.</li>
<li>AMTD Digital Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hkd#NYSE">HKD</a>) gained 12.1% to $7.14 in pre-market trading. AMTD Digital shares gained 27% on Tuesday after the company announced a $30 million share repurchase program.</li>
<li>Manchester United plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/manu#NASDAQ">MANU</a>) shares rose 9.6% to $23.90 in pre-market trading.</li>
<li>Arcos Dorados Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arco#NYSE">ARCO</a>) climbed 8.9% to $10.87 in pre-market trading. Blink Charging entered into an agreement with Arcos Dorados Holdings to provide EV charging solutions to five restaurants in Puerto Rico.</li>
<li>Urban Outfitters, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/urbn#NASDAQ">URBN</a>) gained 7.1% to $36.50 in pre-market trading as the company reported better-than-expected second-quarter earnings. Its total inventory decreased by 15.9% year-over-year as of July 31.</li>
<li>VinFast Auto Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vfs#NASDAQ">VFS</a>) gained 6.6% to $39.13 in pre-market trading. VinFast shares jumped 109% on Tuesday following a Reuters report suggesting SGI, which supplies magnets to VinFast, is investing $80 million in its new Vietnam factory with production starting in 2024.</li>
<li>Toll Brothers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>) gained 3% to $78.18 in pre-market trading as the company reported upbeat results for its third quarter. The company expects to deliver between 2,650 and 2,750 units in the fourth quarter, up from 2,524 in the third quarter.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/08/33998258/investor-sentiment-improves-ahead-of-powells-jackson-hole-speech"> Investor Sentiment Improves Ahead Of Powell&#39;s Jackson Hole Speech</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

APLS

HKIT

ITOS

MANU

RCUS

URBN

Urban Outfitters, Toll Brothers And Other Big Stocks Moving Higher In Wednesday's Pre-Market Session

Arcos Dorados Holdings Inc. (ARCO) Q4 2023 Earnings Call Transcript

Arcos Dorados Holdings Inc (ARCO) leads the Restaurants industry with an overall score of 77. ARCO is up 51.85% so far this year after the company closed yesterday at $11.89.  The overall score measures the company's performance based-off both short and long term indicators and means that ARCO scores better than 77% of the

Should Arcos Dorados Holdings Inc (ARCO) Stock Be in Your Portfolio?

Arcos Dorados declares $0.24 annual dividend payable in four installments of $0.06 a share

Arcos Dorados Holdings Inc (ARCO) receives a strong  valuation score of 99 from InvestorsObserver analysis. Our proprietary scoring system considers the overall health of the company by looking at the stock's price, earnings, and growth rate to determine if it represents a good value. ARCO holds a better value than 99% of

Is Arcos Dorados Holdings Inc (ARCO) Stock Trading Below Fair Value?

A rating of 96 puts Arcos Dorados Holdings Inc (ARCO) near the top of the Restaurants industry according to InvestorsObserver. Arcos Dorados Holdings Inc's score of 96 means it scores higher than 96% of stocks in the industry. Arcos Dorados Holdings Inc also received an overall rating of 73, putting it above 73% of all sto

Should You Hold Arcos Dorados Holdings Inc (ARCO) in Restaurants Industry?

The restaurant industry is booming thanks to changing consumer preferences, the rising popularity of quick-service restaurants, and technological innovation. Thus, it could be wise to buy quality restaurant stocks Arcos Dorados Holdings (ARCO), Dine Brands (DIN), and Biglari Holdings (BH) for substantial returns. Keep reading... By embracing innovation, leveraging technology, and prioritizing customer-centric approaches, the restaurant industry is well-poised to witness robust growth. Given the industry's prospects, investors could consider buying top restaurant stocks Arcos Dorados Holdings Inc. (<a href="https://stocknews.com/stock/ARCO/">ARCO</a>), Dine Brands Global, Inc. (<a href="https://stocknews.com/stock/DIN/">DIN</a>), and Biglari Holdings Inc. (<a href="https://stocknews.com/stock/BH/">BH</a>) for exciting returns.
According to the National Restaurant Association 2024 State of the Restaurant Industry report, <a href="https://restaurant.org/research-and-media/media/press-releases/restaurant-industry-sales-forecast-to-set-1-1-trillion-record-in-2024/">restaurant operators are cautiously optimistic</a> about the year ahead. Restaurant sales are forecast to exceed $1.1 trillion in 2024, marking a new milestone for the industry that will employ more than 15.7 million people in the United States by the end of 2024.
Moreover, the food service market is witnessing substantial growth fueled by increasing demand for fast food and the expansion of various food chains worldwide. These trends are bolstered by the rising popularity of full-service and quick-service restaurants, catering to different customer needs, further strengthening the market development.
The global food service market is expected to reach $5.42 trillion by 2030, growing at a <a href="https://www.globenewswire.com/news-release/2023/06/20/2690797/0/en/Food-Service-Market-to-Reach-USD-5-423-59-Billion-by-2030-At-a-CAGR-of-10-79.html">CAGR of 10.8%</a>.
Besides, fast casual restaurants continue to thrive in a dynamic industry landscape, driven by consumer preferences for fresh and customizable food options, enhanced convenience, technology integration, and appeal to younger demographics. The global fast-casual restaurant market size is estimated to expand at a <a href="https://www.openpr.com/news/3429924/fast-casual-restaurants-market-worth-293-80-billion-by-2030">CAGR of 8.3% to $293.80 million</a> by 2030.
Considering these conducive trends, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/restaurants/">Restaurants</a> industry stock picks, beginning with the third choice.
Stock #3: Arcos Dorados Holdings Inc. (<a href="https://stocknews.com/stock/ARCO/">ARCO</a>)
Based in Montevideo, Uruguay, ARCO operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean.
In terms of forward non-GAAP P/E, ARCO is trading at 12.59x, 20.7% lower than the industry average of 15.87x. Also, the stock's forward EV/EBIT and Price/Sales multiples of 10.71 and 0.50 are lower than the respective industry averages of 13.85 and 0.97.
ARCO's total revenues increased 15.7% year-over-year to $1.18 billion for the fiscal fourth quarter that ended December 31, 2023. Its operating income grew marginally from the prior year's quarter to $81.79 million. Its net income rose 2.7% year-over-year to $56.13 million. The company's EPS remained flat at $0.26.
Analysts expect ARCO's revenue and EPS to increase 6.7% and 7.1% year-over-year to $4.62 billion and $0.92, respectively. Moreover, the company has surpassed consensus revenue estimates in each of the trailing four quarters, which is impressive.
The stock has gained 49.3% over the past year to close the last trading session at $11.02.
ARCO's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B grade in Value and Sentiment. It is ranked #7 out of 42 stocks in the <a href="https://stocknews.com/category/restaurants/">Restaurants</a> industry.
Beyond what is stated above, we've also rated ARCO for Growth, Momentum, Stability, and Quality. Get all ARCO ratings <a href="https://stocknews.com/stock/ARCO/">here</a>.
Stock #2: Dine Brands Global, Inc. (<a href="https://stocknews.com/stock/DIN/">DIN</a>)
DIN owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations; International House of Pancakes (IHOP) Franchise Solutions; Fuzzy's franchise operations; Rental Operations; Financing Operations; and Company-Operated Restaurant Operations.
On March 20, 2024, DIN's parent company, Applebee, announced the launch of NEW $10 Bacardi Rum Buckets. Available in three tasty tropical flavors, Applebee's Bacardi Rum Buckets feature premium spirits with Bacardi Superior and Bacardi Lime for only $10 served in an actual bucket. The new product launches might drive the company's profitability and growth.
DIN's trailing-12-month gross profit margin of 48.05% is 34.3% higher than the industry average of 35.77%. Also, the stock's  trailing-12-month EBIT margin of 22.72% is 197.8% higher than the industry average of 7.63%.
DIN's total revenues for the fourth quarter ended December 31, 2023, came in at $206.30 million. Its gross profit increased 4.1% year-over-year to $98.43 million. Its net income grew 191.1% over the prior-year quarter to $33.04 million. In addition, net income available to common stockholders per share rose 97.2% year-over-year to $2.14.
Analysts expect DIN's revenue for the second quarter ending June 2024 to increase 1.8% year-over-year to $212.07 million. For the fiscal year ending December 2025, the company's revenue and EPS are expected to grow 1.6% and 5.3% from the prior year to $855.58 million and $6.86, respectively.
Shares of DIN have gained marginally over the past month to close the last trading session at $46.18.
DIN's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
DIN has a B grade for Value and Quality. It is ranked #4 out of 42 stocks in the Restaurants industry.
In addition to the POWR Ratings highlighted above, one can access DIN's ratings for Growth, Momentum, Stability, and Sentiment <a href="https://stocknews.com/stock/DIN/">here</a>.
Stock #1: Biglari Holdings Inc. (<a href="https://stocknews.com/stock/BH/">BH</a>)
BH primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names.
BH's trailing-12-month gross profit margin of 42.53% is 18.9% higher than the 35.77% industry average. Likewise, the stock's trailing-12-month EBIT margin of 10.78% is 41.3% higher than the 7.63% industry average.
During the nine months that ended December 31, 2023, BH's total revenue increased 13.5% year-over-year to $274.65 million. Its net earnings came in at $10.90 million, compared to a loss of $42.04 million in the previous-year quarter. Also, its net earnings per average equivalent Class A share came in at $35.44, compared to a loss per share of $140.30 in the prior year's quarter.
BH's shares have gained 14.1% over the past year to close the last trading session at $188.60.
It's no surprise that BH has an overall rating of A, which equates to Strong Buy in our proprietary rating system.
BH has a B grade for Stability, Quality, Value, and Sentiment. Within the same industry, it is ranked first.
In addition to the POWR Ratings we've stated above, we also have BH's ratings for Growth and Momentum. Get all BH ratings <a href="https://stocknews.com/stock/BH/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
ARCO shares were unchanged in premarket trading Thursday. Year-to-date, ARCO has declined -12.69%, versus a 10.34% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/arco-din-bh-3-restaurant-stocks-delivering-exciting-returns/>3 Restaurant Stocks Delivering Exciting Returns</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Restaurant Stocks Delivering Exciting Returns

In a report released on March 28, Javier Martinez Olcoz Cerdan from Morgan Stanley maintained a Buy rating on Arcos Dorados Holdings (ARCO – Resear...

Buy Rating Affirmed for Arcos Dorados Holdings Amidst Favorable Market Trends and Attractive Valuation

Arcos Dorados (ARCO) has released an update. Arcos Dorados, the operator of McDonald's restaurants in Latin America and the Caribbean, reports a re...

Arcos Dorados Hits Record Revenue in 2023

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Several different food-related exchange traded funds (ETFs) are available that dabble in <a href="https://investorplace.com/industries/consumer-discretionary/retail/restaurant/">restaurant stocks</a>.&nbsp;The largest is the Invesco Leisure and Entertainment ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/pej-stock-quote/">PEJ</a>), with net assets of <a href="https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Institutional&amp;ticker=PEJ">$298 million</a>. However, only four out of its 31 holdings are pure-play restaurant stocks.&nbsp;



An industry-specific ETF to select for restaurant stocks would be the AdvisorShares Restaurant ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/eatz-stock-quote/">EATZ</a>). With an appropriately designated stock symbol, EATZ is actively managed and is entirely made up of restaurant chains, except for a couple of food distributors. However, it has less than <a href="https://advisorshares.com/etfs/eatz/">$3 million</a> in net assets, so I wouldn&rsquo;t recommend you buy it.



PEJ and EATZ are up 10% and 6% year-to-date (YTD), with EATZ gaining more than 28% in the past six months, a sign restaurant stocks are on the mend. With this in mind, here are three restaurant stocks that analysts love right now.&nbsp;



<h2>Yum China Holdings (YUMC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/yumc-stock-1-300x169.jpg" alt="A banner for Yum China (YUMC) decorates the New York Stock Exchange."><div>Source: rblfmr / Shutterstock.com</div></div>Yum China Holdings (NYSE:<a href="https://investorplace.com/stock-quotes/yumc-stock-quote/">YUMC</a>) is the largest of the three restaurant stocks on this list, with a market capitalization of $15.5 billion. Of the <a href="https://www.marketwatch.com/investing/stock/yumc/analystestimates">33 analysts</a> covering its stock, 22 rate it a &ldquo;buy,&rdquo; with a median target price of $55.07, 43% higher than where it&rsquo;s currently trading.



YUMC is China&rsquo;s operator of KFC and Pizza Hut. But unfortunately, the Chinese population hasn&rsquo;t been dining out as often due to higher inflation in 2023 and a sputtering domestic economy. This has severely reduced Yum China&rsquo;s same-store sales growth.&nbsp;



As a result, YUMC shares are down nearly 40% over the past year. YUMC stock trades at one of the lowest points since Yum Brands (NYSE:<a href="https://investorplace.com/stock-quotes/yum-stock-quote/">YUM</a>) spun it off in <a href="https://www.forbes.com/sites/ywang/2016/11/01/yum-brands-spins-off-china-unit-in-new-york-amid-losses-in-market-share/?sh=59e099e74b97">November 2016</a>. As recently as March 2023, it traded well over $60.&nbsp;



The company reported strong <a href="https://yumchinaholdingsinc.gcs-web.com/static-files/4a653df7-310b-4190-97c2-384b0189032d">2023 results</a> in February, including a 21% increase in system-wide sales, 7% same-store sales growth, opening nearly 1,700 new stores and an operating profit of $1.1 billion, 79% higher than a year earlier.&nbsp;&nbsp;



Due to the strong year, it plans to buy back $1.25 billion of its stock in 2024 and increase its quarterly dividend to 16 cents. It also plans to open up to 1,700 stores this year to reach 20,000 by the end of 2026. It finished 2023 with 14,644 in over 2,000 cities.&nbsp;



With a bright future ahead, YUMC is one of the restaurant stocks that has value right now.&nbsp;



<h2>Arcos Dorados (ARCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/mdc-1600-300x169.jpg" alt="McDonald's restaurant in Thailand."><div>Source: Tama2u / Shutterstock</div></div>Arcos Dorados (NYSE:<a href="https://investorplace.com/stock-quotes/arco-stock-quote/">ARCO</a>) is the second-largest of the three restaurant stocks, with a market cap of $2.4 billion. All <a href="https://www.marketwatch.com/investing/stock/arco/analystestimates">six analysts</a> covering its stock rate it a &ldquo;buy,&rdquo; with a median target price of $14.30, 27% higher than where it&rsquo;s currently trading.&nbsp;



Just as Yum China focuses on KFC and Pizza Hut restaurants in China, Arcos focuses on McDonald&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/mcd-stock-quote/">MCD</a>) restaurants in Latin America and the Caribbean.&nbsp;



It is the region&rsquo;s largest restaurant chain, with <a href="https://www.businesswire.com/news/home/20240313225693/en/Arcos-Dorados-Reports-Strong-Fourth-Quarter-and-Full-Year-2023-Financial-Results">2,361 locations</a> as of Dec. 31, 2023. The company owns 71% of them, and the rest are franchised. Approximately 48% of its locations are in Brazil, with the remainder split between northern and southern Latin America.&nbsp;&nbsp;



In 2023, it had $4.33 billion in revenue, up 19.6% from 2022. Its net income was $181.3 million, 29.2% higher than a year earlier.&nbsp;It trades at a reasonable 13x its 2023 earnings of 86 cents. McDonald&rsquo;s trades at <a href="https://www.morningstar.com/stocks/xnys/mcd/valuation">23.3x </a>earnings, almost double.



I <a href="https://investorplace.com/2023/01/the-3-best-south-american-stocks-to-buy-in-2023/">recommended</a> ARCO stock in January 2023 at $8.70 a share. It&rsquo;s up 29% since. It&rsquo;s still a buy in double digits.&nbsp;



<h2>Portillo&rsquo;s (PTLO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/ptlo-stock-1-300x169.jpg" alt="The front of a Portillo's (PTLO) hotdog restaurant in Riverside, California."><div>Source: TonelsonProductions / Shutterstock.com</div></div>Portillo&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/ptlo-stock-quote/">PTLO</a>) is the smallest of the three restaurant stocks, with a market capital of $967 million. Seven of the <a href="https://www.marketwatch.com/investing/stock/ptlo/analystestimates">10 analysts</a> covering its stock rate it a &ldquo;buy,&rdquo; with a median target price of $21.11, 59% higher than where it&rsquo;s currently trading.&nbsp;



All three of the restaurant stocks on this list are down in 2024, with Portillo&rsquo;s doing the worst, down by 15%. The operator of fast-casual restaurants serving Chicago-style food went public in October 2021 at <a href="https://investors.portillos.com/news-releases/news-release-details/portillos-inc-announces-pricing-initial-public-offering">$20 a share</a>. Its shares currently trade 34% below its initial public offering (IPO) pricing.&nbsp;



When it went public, it had 67 locations in nine states. Today, <a href="https://investors.portillos.com/news-releases/news-release-details/portillos-inc-announces-fourth-quarter-and-fiscal-year-2023">84</a> are open in 10 states, up from 72 at the end of 2022. In 2023, it opened locations in Arizona, Florida, Illinois and Texas. In 2024, it plans to open at least nine locations.



For its business in 2024, Portillo&rsquo;s expects 12-15% restaurant unit growth, same-store sales growth in the low single digits revenue growth in the mid-teens and adjusted EBITDA growth in the low teens.



In late March, Jefferies analysts <a href="https://www.investing.com/news/company-news/portillos-stock-pt-cut-but-jefferies-maintains-buy-on-solid-fundamentals-93CH-3356826">cut</a> Portillo&rsquo;s price target by $3 to $21. However, it maintained its &ldquo;buy&rdquo; rating on the stock, suggesting that the company will continue to be successful with its expansion plans outside the Chicago area. Skeptics have overstated concerns about the restaurant operator&rsquo;s financials and business, but I think it&rsquo;s another value buy.



On the date of publication, Will Ashworth did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/wall-street-favorites-3-restaurant-stocks-with-strong-buy-ratings-for-april-2024/">Wall Street Favorites: 3 Restaurant Stocks With Strong Buy Ratings for April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Wall Street Favorites: 3 Restaurant Stocks With Strong Buy Ratings for April 2024

EATZ

YUMC

Press Releases

Arcos Dorados to Participate in Upcoming Investor Event

Commodities

McDonald's Expands Collaboration with UBQ Materials, Becoming First Restaurant Chain to Incorporate UBQ™ into Building Materials

Arcos Dorados Holdings Inc. (NYSE: ARCO) Third Quarter 2023 Results Webcast Date and Time

Arcos Dorados Reports Third Quarter 2023 Financial Results

Arcos Dorados to Participate in Upcoming Investor Events

Arcos Dorados Reports Strong Comparable Sales for the Fourth Quarter 2023 and Provides Guidance for 2024

Arcos Dorados Holdings Inc. (NYSE:ARCO) Fourth Quarter 2023 Results Webcast Date and Time

Arcos Dorados to Host Its 2024 Annual General Shareholders' Meeting

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