Arcos Dorados Holdings Inc. Earnings Recaps
Q3 2025
Nov 12, 2025
Arcos Dorados Holdings Inc. achieved record quarterly revenue of $1.2 billion in Q3 2025 despite ongoing consumer challenges, while adjusted EBITDA surpassed $200 million, underscoring effective cost management amidst inflationary pressures.
Key takeaways
- Total revenue grew 4.9%, driven by a 12.7% increase in system-wide comparable sales, maintaining strong market share across Latin American markets.
- Adjusted EBITDA was over $200 million, benefiting from a federal tax credit in Brazil, though underlying EBITDA saw a slight decline of 3%.
- Digital channel sales grew 11%, contributing to 61% of total sales, with continued strength in the loyalty program, which expanded to 23.6 million members.
- The company is on track to open 90 to 100 restaurants in 2025, with over half of the quarter's capital expenditures allocated to new growth initiatives.
- Strong performance in Argentina and selected NOLAD markets, particularly Mexico, indicates potential for normalized growth as macroeconomic conditions improve.
Q2 2025
Aug 20, 2025
Arcos Dorados delivered robust Q2 2025 results, with $1.1 billion in revenue driven by strong comparable sales growth and successful digital marketing initiatives across key markets.
Key takeaways
- Adjusted EBITDA rose to $110.1 million, with a margin expansion of approximately 40 basis points year-over-year.
- System-wide comparable sales increased 12.1%, outpacing blended inflation, particularly strong in NOLAD and SLAD regions.
- The company opened 20 new Experience of the Future restaurants, bringing the total to 32 for the year, with a target of 90-100 openings in 2025.
- The digital ecosystem contributed to 60% of sales, with the loyalty program representing nearly 23% of total sales in participating markets.
- Acquired three restaurants and exclusive franchise rights to Saint Martin, expanding market presence in the Caribbean.