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Arcos Dorados Holdings Inc . (NYSE:ARCO), the largest operator of McDonald’s (NYSE:MCD) restaurants in Latin America and the Caribbean, announced the approval of all proposals presented at its Annual General Shareholders’ Meeting on April 25, 2025. The meeting, which took place in Willemstad, Curaçao, saw shareholders vote in favor of the company’s financial statements for the year ended December 31, 2024, during which the company maintained profitability with a net income of $148.76 million and a P/E ratio of 10.6x, the appointment of independent auditors, and the election of Class II Directors.
The company’s financial results, as well as the corresponding notes for the fiscal year that concluded on December 31, 2024, received the necessary majority approval. The independent auditors’ report, conducted by E&Y (Pistrelli, Henry Martin y Asociados S.A., a member firm of Ernst & Young Global), was also ratified.
In addition, shareholders appointed E&Y as the company’s independent auditors for the current fiscal year ending December 31, 2025. The firm will be responsible for reviewing and verifying the financial statements for the year, ensuring compliance with accounting standards and regulations.
The election of the Board of Directors was another significant agenda item. Four Class II Directors were elected to serve until the conclusion of the Annual General Shareholders’ Meeting to be held in 2028. The newly elected directors include Mrs. Annette Franqui, Mrs. Cristina Palmaka, Mr. Carlos Hernandez-Artigas, and Mr. Marcelo Rabach. Their appointments reflect the company’s commitment to strong governance and leadership as it continues to navigate the fast-food industry landscape.
The Chairman of the Board, Woods Staton, presided over the meeting, which concluded with all items on the agenda being passed as proposed. The results from the meeting are based on a press release statement and demonstrate Arcos Dorados’ adherence to corporate governance practices and its engagement with shareholders. Investors looking for deeper insights into ARCO’s financial health and future prospects can access comprehensive analysis and additional metrics through InvestingPro, which offers exclusive access to detailed financial metrics and the company’s Pro Research Report, ahead of its next earnings release scheduled for May 14, 2025.
In other recent news, Arcos Dorados Holdings reported a strong performance for the fourth quarter of 2024, with earnings per share of $0.28, significantly surpassing the forecast of $0.18. Despite this earnings beat, the company reported revenue of $1.14 billion, which was slightly below the anticipated $1.16 billion. The company’s full-year EBITDA reached a historic milestone of $500 million, with an EBITDA margin of 11.2%. Digital sales also grew notably, with a 25% increase in mobile app sales, underscoring the company’s strategic focus on digital channels. In terms of analyst activity, Morgan Stanley (NYSE:MS) maintained its Overweight rating on Arcos Dorados, with a price target of $13.00, citing the company’s resilient business model and attractive valuation. The firm anticipates a recovery in Arcos Dorados’ performance throughout 2025, despite a potentially softer start to the year. These developments highlight the company’s ongoing efforts to navigate economic challenges and expand its market presence in Latin America and the Caribbean.
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