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    Froylan Mendez

    Research Analyst at JPMorgan Chase & Co.

    Froylan Mendez is an Analyst at JPMorgan Chase & Co., specializing in financial research and analysis within the markets division. While detailed information on specific companies covered and exact performance metrics such as rankings or returns is not publicly available, Mendez has focused on analytical roles supporting financial services and investment operations at JPMorgan since joining the firm. His career began after earning finance-related credentials, and he has worked exclusively with JPMorgan Chase & Co., developing expertise in portfolio analytics and risk management. Mendez is registered with FINRA and holds relevant securities licenses required for his analyst position.

    Froylan Mendez's questions to Arcos Dorados Holdings (ARCO) leadership

    Froylan Mendez's questions to Arcos Dorados Holdings (ARCO) leadership • Q2 2025

    Question

    Froylan Mendez from JPMorgan Chase & Co. asked for a regional view on ticket versus traffic trends and for more detail on NOLAD's performance, specifically how much of Mexico's growth was due to a favorable calendar effect.

    Answer

    CEO Luis Raganato detailed the regional sales mix, noting NOLAD's growth was two-thirds from average check, while SLAD's was more balanced. CFO Mariano Tannenbaum added that NOLAD's margin improved by 450 bps despite Mexican peso depreciation, driven by leverage on fixed costs, lower royalty rates, and a gain from a restaurant transaction.

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