NYSE$ARCO
Arcos Dorados Holdings Inc · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Arcos Dorados reported mixed performance in Q1 2025, with resilient digital and loyalty growth offsetting FX pressures and lower profitability.
The company maintained steady revenue in U.S. dollars despite FX headwinds, with strong growth in digital engagement and loyalty members. Profitability declined year-over-year due to margin pressures, particularly in Brazil, although SLAD showed notable recovery.
- Revenue was flat YoY at $1.1 billion, but up 14.1% in constant currency.
- Adjusted EBITDA dropped to $91.3 million from $108.9 million in Q1 2024.
- Digital sales accounted for nearly 60% of systemwide sales.
- Loyalty Program members reached 18.8 million, up from 15.3 million a year ago.
Headline financials
Revenue & EPS history
Arcos Dorados · Revenue · Quarterly
$1.08B
Revenue by segment
Arcos Dorados · $1.22B total across 3 segments · Q1 2026
- Brazil$471M—38.8%
- SLAD$422M—34.7%
- NOLAD$323M—26.5%
Forward guidance
Management expects improved results over the rest of the year, citing March momentum, expanded loyalty coverage, and omnichannel strength.
Tailwinds
- Loyalty Program expanded to 67% of restaurants with plans for full coverage in main markets by year-end.
- Strong digital engagement with 19 million monthly average app users.
- March performance indicated a turnaround in operating metrics.
- SLAD region showed improved profitability and strong local currency performance.
- Modernization efforts (EOTF restaurants) continued with 12 new openings.
Headwinds
- FX depreciation in Brazil, Mexico, and Argentina weighed on reported results.
- Adjusted EBITDA margin fell 160 basis points YoY.
- Brazil’s profitability was pressured by input cost inflation and slower traffic.
- NOLAD faced challenging macro conditions, especially in Costa Rica and Panama.
- Operating income declined 33% YoY due to cost pressures and currency headwinds.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
+1.0%
Avg return
Earnings day
-0.3%
Avg return
5 days after
-0.6%
Avg return
30 days after
51%
30 / 59 earnings
Positive
+22.0%
Q4 2016
Best reaction
-19.0%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +12.0% | +8.3% | +5.7% | |
| Q4 2026 | -0.4% | +5.4% | +0.1% | |
| Q3 2025 | +5.3% | +0.4% | +3.7% | |
| Q2 2025 | +9.8% | +6.2% | -2.3% | |
| Q1 2025 | -5.6% | -6.0% | -7.4% | |
| Q4 2024 | +5.4% | +7.9% | -7.4% | |
| Q3 2024 | +4.8% | +4.3% | -6.0% | |
| Q2 2024 | -5.2% | -6.9% | -16.0% | |
| Q1 2024 | -6.7% | -8.3% | -18.7% | |
| Q4 2023 | -1.3% | -8.6% | -7.9% | |
| Q3 2023 | +7.1% | +8.6% | +15.6% | |
| Q2 2023 | -6.6% | -5.8% | -4.0% | |
| Q1 2023 | +8.7% | +7.0% | +8.2% | |
| Q4 2022 | -1.1% | -4.0% | -3.9% | |
| Q3 2022 | +2.9% | -0.3% | +3.3% | |
| Q2 2022 | -6.7% | -5.6% | -4.2% | |
| Q1 2022 | +1.9% | +0.1% | -6.4% | |
| Q4 2021 | +2.9% | +6.7% | +3.5% | |
| Q3 2021 | +10.2% | +8.4% | +12.1% | |
| Q2 2021 | -1.5% | -3.7% | -9.0% | |
| Q1 2021 | -5.6% | -3.2% | -2.1% | |
| Q4 2020 | -2.7% | -2.7% | +3.2% | |
| Q3 2020 | -0.7% | +3.2% | +14.3% | |
| Q2 2020 | -0.4% | -3.3% | -14.0% | |
| Q1 2020 | -10.1% | -4.4% | +21.7% | |
| Q4 2019 | -19.0% | -18.5% | -5.9% | |
| Q3 2019 | +4.4% | +4.6% | +7.6% | |
| Q2 2019 | +2.6% | -8.9% | -13.9% | |
| Q1 2019 | -4.2% | -8.1% | +4.9% | |
| Q4 2018 | -3.3% | -4.0% | -9.0% | |
| Q3 2018 | +4.8% | +6.5% | +12.2% | |
| Q2 2018 | -1.5% | -2.9% | -2.9% | |
| Q1 2018 | +4.9% | -4.3% | -9.3% | |
| Q4 2017 | -0.5% | -7.8% | -3.1% | |
| Q3 2017 | +5.4% | +2.4% | -3.1% | |
| Q2 2017 | -2.2% | +0.5% | +0.0% | |
| Q1 2017 | +7.0% | +5.8% | +4.1% | |
| Q4 2016 | +22.0% | +14.2% | +26.0% | |
| Q3 2016 | -0.8% | +0.0% | -1.7% | |
| Q2 2016 | +8.2% | +6.6% | -11.1% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | +16.7% | — | — | |
| Q3 2015 | +2.0% | — | — | |
| Q2 2015 | -10.1% | — | — | |
| Q1 2015 | -9.8% | — | — | |
| Q4 2014 | +13.9% | — | — | |
| Q2 2014 | -15.2% | — | — | |
| Q4 2013 | +6.5% | — | — | |
| Q3 2013 | +11.3% | — | — | |
| Q2 2013 | +2.0% | — | — | |
| Q4 2012 | +7.4% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q4 2010 | -2.9% | — | — | |
| Q4 2009 | -2.9% | — | — | |
| Q4 2011 | -2.9% | — | — | |
| Q2 2012 | +2.6% | — | — | |
| Q1 2012 | +2.6% | — | — | |
| Q3 2011 | -5.4% | — | — | |
| Q2 2011 | +1.2% | — | — | |
| Q1 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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