Arcos Dorados reports Q4 EPS 26c, consensus 23c

Reports Q4 revenue $1.02B, consensus $990.25M. Systemwide comparable sales increased 35.7%. The company said, "We closed out Arcos Dorados’ best year ever with our best quarter ever thanks to disciplined execution of the Three D’s strategy, the best Brand in the QSR industry and the structural competitive advantage of our free-standing restaurant portfolio. We believe these factors, together with a commitment to continuous innovation, will drive financial outperformance for the foreseeable future. Our industry-leading Digital platform offers guests greater choices for how to enjoy the McDonald’s experience and the Brand’s connection with families remains at the core of its appeal. As a result, we are seeing very strong growth in on-premise sales, which represented 58% of sales during the fourth quarter 2022, even though off-premise sales growth remains very strong as well.’