Arcos Dorados Holdings Inc. reported unaudited results for the second quarter ended June 30, 2025, with total revenues reaching $1.1 billion. Systemwide comparable sales grew 12.1% year-over-year, outpacing blended inflation across its markets.
Consolidated Adjusted EBITDA stood at $110.1 million. Excluding the impact of a prior-year labor contingency reduction in Brazil, Adjusted EBITDA grew by 7.1% in U.S. dollars, accompanied by a 40 basis point margin expansion. Net income for the quarter was $22.6 million, or $0.11 per share.
Digital channels continued to drive performance, contributing more than 60% of total systemwide sales in the quarter. The loyalty program, now available in six countries with a seventh in prelaunch, represented almost 23% of total sales in the active markets. The company also acquired three existing restaurants and exclusive franchise rights to Saint Martin, adding a 21st territory to its portfolio.
Arcos Dorados maintained its 2025 guidance to open between 90 and 100 new Experience of the Future (EOTF) restaurants, with capital expenditures projected between $300 million and $350 million. By the end of June 2025, 1,732 EOTF restaurants were in operation, representing 70% of the total portfolio. The net debt-to-Adjusted EBITDA ratio remained a comfortable 1.4x as of June 30, 2025, supported by investment-grade debt ratings from both S&P and Fitch.
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