Arcos Dorados Holdings Inc. reported its fourth quarter and full year 2024 financial results on March 12, 2025. For the full year 2024, the company achieved a record $500 million in Adjusted EBITDA, marking the first time in its history to reach this milestone. The company also recorded its highest-ever full-year EBITDA margin.
In the fourth quarter of 2024, consolidated revenues totaled $1.1 billion, driven by strong local currency revenue growth. Systemwide comparable sales grew 1.7 times blended inflation, indicating healthy demand despite macroeconomic challenges. Digital channels continued to be a key driver, contributing over 60% of total systemwide sales in the quarter.
The company's GAAP profit for Q4 2024 was $58.4 million, or $0.28 per share. Arcos Dorados also continued its modernization efforts, with 1,629 Experience of the Future (EOTF) restaurants in operation as of December 31, 2024, representing 71% of its total portfolio. The company opened 96 new EOTF restaurants in 2024.
For 2025, Arcos Dorados maintains its guidance to open between 90 and 100 new EOTF restaurants, with projected capital expenditures between $300 million and $350 million. Management expects the net debt-to-Adjusted EBITDA ratio to remain near 1.4x, reflecting a disciplined approach to growth and financial management.
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