Jeronimo de Guzman's questions to Arcos Dorados Holdings Inc (ARCO) leadership • Q2 2025
Question
Jeronimo de Guzman from Inca Investments asked for more detail on beef cost pressures in Brazil and whether the company could still maintain stable margins for the full year, excluding one-offs.
Answer
CFO Mariano Tannenbaum confirmed that beef prices rose about 30% in the last year but that the company does not expect further significant cost pressures in the second half. He expressed confidence in maintaining a full-year 2025 EBITDA margin close to 2024's level (ex-one-offs), supported by cost efficiencies in payroll, occupancy, and other expenses.