Arcos Dorados Holdings Inc. (ARCO) SEC Filings & Earnings Calls

Long-term ambitions are subject to macroeconomic and operational risks in Latin America; no reconciliation to GAAP provided.

“The Company has not provided a reconciliation of its forward-looking Adjusted EBITDA growth ambition to the most directly comparable GAAP financial measure” · word for word

Foreign currency translation exposure: $37.2M positive OCI in H1 2026, but could reverse.

“Foreign currency translation $37,210 in other comprehensive income”

Decrease in cash and equivalents from $373.4M to $260.0M since year-end 2025.

“Cash and cash equivalents $259,990 as of June 30, 2026 vs $373,438 as of December 31, 2025”

Challenging consumer dynamics in the region could pressure future demand.

“despite challenging consumer dynamics in the second quarter of 2026” · word for word

Currency translation headwind of $48.5M on revenues in Q2.

“Currency Translation (b) (48.5) on revenues”

Currency translation impact from Latin American currencies

“Currency Translation adjustment of $(71.0) million on revenues”

Foreign currency translation risk

“Foreign currency translation adjustment of $25.8M in OCI”

Currency devaluation in Argentina

“The Argentine peso depreciated 40.8% in 2025.”

Exchange controls in Argentina

“Since 2019, Argentina has had currency controls in place that tightened restrictions on capital flows, exchange controls, the official U.S. dollar exchange rate and transfers.” · word for word

Dependence on McDonald's franchise agreements

“Our rights to operate and franchise McDonald's-branded restaurants are dependent on the MFAs, the termination or expiration of which would materially adversely affect our business.” · word for word

Currency translation headwind from Latin American currencies

“Currency translation of -$89.9M in Q4 revenues; -$85.8M on sales by company-operated restaurants.”

Tax benefit non-recurring nature

“Net tax benefit in Brazil of $33.8M in Q4 and $159.0M for FY; expected to convert to cash over five years.” · word for word

Macroeconomic pressures in parts of Latin America could impact performance.

“due to continued macroeconomic pressures in parts of Latin America, systemwide comparable sales growth is expected to decrease in the first quarter of 2026 versus the fourth quarter of 2025.” · word for word

Debt refinancing risk partially mitigated by tender offer; remaining notes still outstanding.

“Any Notes that remain outstanding after the termination of the Offer will continue to be the Company’s obligations.” · word for word

Tender offer execution risk; foreign currency exposure managed via derivatives.

“entered into certain derivative instruments in order to manage the interest rate and maintain the foreign currency exposure” · word for word

Tender offer subject to proration and market conditions; no minimum tender condition.

“If the aggregate principal amount of Notes tendered exceeds the Maximum Tender Amount, the acceptance of any tendered Notes will be subject to proration” · word for word

No risk signals in this filing; financial statements only.

Consumer dynamics remain challenging in Latin America, though navigated successfully.

“We successfully navigated challenging consumer dynamics to generate balanced US dollar revenue growth and solid profitability.” · word for word

Tax credit benefit is non-recurring; underlying margin expansion may be overstated.

“Results included a $125.2 million net benefit from a federal tax credit in Brazil related to the period 2016-2023.” · word for word