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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Arcos Dorados Holdings Inc | NYSE:ARCO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.38 | 3.49% | 11.26 | 11.39 | 10.93 | 11.02 | 1,535,320 | 01:00:00 |
-The world’s largest McDonald´s franchisee reinforces its leadership in animal welfare throughout its Supply Chain
-Commitment to source 100% cage-free eggs by 2025
Arcos Dorados, the world’s largest McDonald’s franchisee, announced today that it will source 100% cage-free eggs by 2025. The decision reinforces the Company´s commitment to animal welfare, demonstrated by its existing practices in sourcing animal products including cattle and chicken.
To fulfill this commitment, Arcos Dorados will work in close collaboration with farmers, suppliers and experts in animal behavior to evaluate how the Company can support farmers throughout the transition and maintain the high quality of its restaurant supply.
“As the pre-eminent brand in Latin America, we are committed to being at the forefront of industry best-practice initiatives. We will continue to ensure that our customers are consuming high quality products, in accordance with animal welfare policies,” said Jose Valledor, Vice President of Supply Chain of Arcos Dorados. “Once again, our supply chain is primed to surpass our clients’ expectations and fulfil growing demand,” he added.
This commitment by Arcos Dorados reflects a similar commitment by McDonald´s Corporation in the U.S. and Canada to exclusively source cage-free eggs by the year 2025.
Elissa Lane, Deputy Director of the Animal Production Department of Humane Society International (HSI) stated, “Animal welfare has become a prominent topic within the framework of corporate social responsibility in Latin America. We welcome Arcos Dorados´ decision to improve animal welfare within its supply chain by only stocking cage-free eggs as of 2025. We are very pleased to continue working with Arcos Dorados on this topic and other animal welfare related issues.”
About Arcos Dorados
Arcos Dorados is the world’s largest McDonald’s franchisee in terms of systemwide sales and number of restaurants, operating the largest quick service restaurant (“QSR”) chain in Latin America and the Caribbean. It has the exclusive right to own, operate and grant franchises of McDonald’s restaurants in 20 Latin American and Caribbean countries and territories, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curaçao, Ecuador, French Guyana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, St. Croix, St. Thomas, Trinidad & Tobago, Uruguay and Venezuela. The Company operates or franchises over 2,100 McDonald’s-branded restaurants with over 90,000 employees and is recognized as one of the best companies to work for in Latin America. Arcos Dorados is traded on the New York Stock Exchange (NYSE:ARCO). To learn more about the Company, please visit the Investors section of our website: www.arcosdorados.com/ir
View source version on businesswire.com: http://www.businesswire.com/news/home/20161013005423/en/
For Arcos DoradosKatja Buhrer, +1 212-661-7004katja.buhrer@mbsvalue.com
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