Q3 2025 International Meal Company Alimentacao SA Earnings Call Transcript
Key Points
- The KFC Brazil joint venture strengthened the company's cash position, reduced leverage, and lowered future capital expenditure needs.
- Recurring adjusted EBITDA grew by 2.4%, reaching BRL66 million, and increased more than 10% year-to-date.
- Digital sales for Frango Assado grew by 10%, now representing 75% of road revenue.
- Pizza Hut showed strong performance with same-store sales growth of 2.5% and delivery sales up 14%.
- The company achieved a significant reduction in SG&A expenses, demonstrating strong cost management discipline.
- Consolidated revenue fell by 4% in the quarter, pressured by the US operation.
- Same-store sales in the USA decreased by 8.8%, impacted by reduced demand and intensified competition.
- Revenue in local currency for the US declined by 16.6% due to store closures.
- The company faced a challenging quarter in airports and catering, with a difficult base of comparison and increased competition.
- The overall net revenue fell by 4% in the quarter, with the impact of store closures contributing to this decline.
Good morning, ladies and gentlemen, and welcome to the IMC's conference call to discuss the results for the third quarter '25. This conference call is being recorded and the presentation is available at the company website. (Operator Instructions) We will then go on to the Q&A session when further instructions will be provided.
As a reminder, forward-looking statements are subject to known and unknown risks that could cause the actual results to differ from those expressed in the forward-looking statements. Such statements speak only as of the date they are made and the company is under no obligation to update them. At this conference, we have Alexandre Santoro, the CEO of IMC; and Natalia Lacava, the CFO.
I would now like to turn the floor over to Mr. Santoro, who will begin the presentation. You may proceed, Mr. Santoro.
Thank you, Samantha. Good day to all of you. Thank you for joining the IMC's earnings call for the third quarter of '25. I
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