Q3 2025 Arcos Dorados Holdings Inc Earnings Call Transcript

Nov 12, 2025 / 03:00 PM GMT

Release Date Price: €6.49 (+4.71%)

Transcript

Key Points

Positve

Arcos Dorados Holdings Inc (ARCO) achieved a record total revenue of $1.2 billion for the third quarter, with balanced US dollar growth across its divisions.
System-wide comparable sales increased by 12.7%, aligning with blended inflation for the period.
Digital channel sales rose by more than 11% compared to the previous year, accounting for 61% of system-wide sales, with strong performance in delivery and self-order kiosks.
The loyalty program expanded significantly, with membership growing by nearly 50% to 23.6 million members, expected to support sustainable top-line growth.
The company maintained significant market share leadership in Brazil, despite challenging conditions, and opened 22 new restaurants, with plans to meet its annual opening guidance.

Negative

Adjusted EBITDA declined by about 3% in US dollars, excluding the impact of a federal tax credit in Brazil, due to continued food and paper cost pressures.
Brazil faced a challenging consumer environment, with reduced guest traffic and increased beef costs impacting margins.
NOLAD's margin was pressured by food and paper costs, occupancy, and other operating expenses, despite improved payroll and lower royalties.
The macroeconomic instability in Argentina negatively impacted private consumption, despite strong sales growth.
The company faces potential challenges from proposed dividend taxation in Brazil starting in 2026, which could impact cash repatriation strategies.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ARCO.N - Arcos Dorados Holdings Inc
Q3 2025 Arcos Dorados Holdings Inc Earnings Call
Nov 12, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and thank you for joining Arco Zerado's 3rd quarter 2025 earnings webcast. With us today are Luis Anato, our Chief Executive Officer, and Mariano Tanenbaum, our Chief Financial Officer.

Today's webcast, which is being recorded, will consist of prepared remarks from our leadership team, which will be accompanied by a slide presentation that is also available in the investor section of our website, Iir.arcos Dorados.com.

To better follow the presentation, please note that you can set your view to full screen on the webcast platform.

Additionally, you can submit your questions at any time during the presentation using the Q&A function on the bottom of the screen.

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