Arcos Dorados Holdings Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 13% year-over-year in Q1 2026, with adjusted EBITDA up nearly 30% and strong margin expansion, especially in Brazil. Digital sales and loyalty programs drove engagement, while disciplined capital allocation and cost management supported profitability.
Fiscal Year 2025
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Double-digit revenue and record adjusted EBITDA growth in 2025, with margin expansion and strong digital engagement, offset cost pressures and challenging consumption in Brazil. Guidance for 2026 includes higher dividends, robust CapEx, and continued margin focus.
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Record Q3 revenue of $1.2B was achieved with strong digital sales and market share gains, despite margin pressure from input costs. Adjusted EBITDA exceeded $200M, aided by a $125M tax credit in Brazil, and the company remains on track for 90-100 new openings in 2025.
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Q2 2025 saw strong revenue and margin growth, driven by digital and loyalty initiatives, new restaurant openings, and market share gains across key regions. Despite macroeconomic headwinds and cost pressures, guidance for 2025 remains intact, with stable margins expected.
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First quarter 2025 saw flat revenue but increased market share, with digital and off-premise channels driving resilience amid currency and margin pressures. Outlook for the rest of the year is positive, with improving conditions, robust marketing, and continued investment in digitalization and expansion.
Fiscal Year 2024
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Record 2024 results with $500M adjusted EBITDA and highest-ever margin, driven by digital and operational efficiencies. Market share leadership, strong balance sheet, and robust capital investments position the business for continued growth despite currency and cost pressures.
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Third quarter 2024 saw record U.S. dollar revenue, strong digital and off-premise sales, and continued market share gains across all divisions. Despite margin pressures from currency devaluation and cost increases, EBITDA remained robust, and the company is on track to exceed full-year guidance.
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Second quarter 2024 delivered record-high US dollar revenue and strong comparable sales growth above inflation, driven by digitalization and the Three D strategy. Margin pressures from delivery and utilities were offset by operational efficiencies, with robust market share gains and a positive outlook for full-year EBITDA.