U.S. Markets closed

Jeff Auxier Comments on Arcos Dorados Holdings Inc.

- By Holly LaFon

Arcos Dorados Holdings Inc. ( NYSE:ARCO )

The largest McDonald's franchisee in the world, Arcos Dorados exclusively operates and manages McDonald's restaurants in twenty countries in Latin America and the Caribbean. Despite taking severe losses in Venezuela due to the country's problematic macro environment, Arcos Dorados has managed to increase revenues by 8.3% on a constant currency basis while increasing their net income by 68%. Brazil's newly-elected president Jair Bolsonaro and finance minister Paulo Guedes are working to privatize more industries and instigate pension reform, while rooting out corruption. Guedes was educated at the University of Chicago.

From Jeff Auxier (Trades, Portfolio)'s fourth-quarter 2018 market commentary.
This article first appeared on GuruFocus.