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McDonald's Biggest Franchisee Is Outperforming McDonald's

  • Arcos Dorados expects Latin American growth to keep rising
  • $500 million will be invested to update and add stores
A McDonald's restaurant in Buenos Aires, Argentina, on Aug. 20, 2013.

A McDonald's restaurant in Buenos Aires, Argentina, on Aug. 20, 2013.

Source: Kyodo News via Getty Images

McDonald’s reached an all-time high this week, but its biggest franchisee has been doing even better.

Buenos Aires-based Arcos Dorados Holdings Inc., the largest operator of McDonald’s restaurants in the world, has seen its shares gain 90 percent over the past year while the U.S. company added 35 percent.